QuantumScape Reports Board and Executive Compensation Changes

Ticker: QS · Form: 8-K · Filed: 2025-05-07T00:00:00.000Z

Sentiment: neutral

Topics: board-changes, executive-compensation, governance

Related Tickers: KCCNY

TL;DR

QS board shakeup & comp changes filed. Watch for details.

AI Summary

QuantumScape Corporation filed an 8-K on May 7, 2025, reporting changes in its board of directors and executive compensation arrangements. The filing indicates a departure of directors or certain officers, the election of new directors, and updates to compensatory arrangements for certain officers. Specific details regarding the individuals involved and the nature of the compensation changes are outlined within the document.

Why It Matters

Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect company strategy and performance.

Key Numbers

Key Players & Entities

FAQ

What specific changes were made to QuantumScape's board of directors?

The filing indicates the departure of certain officers and the election of new directors, with specific names and details to be found within the full report.

Were there any changes to executive compensation arrangements?

Yes, the 8-K filing explicitly mentions updates to compensatory arrangements of certain officers.

When was this 8-K filing submitted?

The filing was submitted on May 7, 2025.

What is QuantumScape Corporation's principal executive office address?

The principal executive offices are located at 1730 Technology Drive, San Jose, California 95110.

What was QuantumScape Corporation's former name?

QuantumScape Corporation was formerly known as Kensington Capital Acquisition Corp.

From the Filing

0000950170-25-065715.txt : 20250507 0000950170-25-065715.hdr.sgml : 20250507 20250507162125 ACCESSION NUMBER: 0000950170-25-065715 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20250507 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250507 DATE AS OF CHANGE: 20250507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QuantumScape Corp CENTRAL INDEX KEY: 0001811414 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] ORGANIZATION NAME: 04 Manufacturing EIN: 850796578 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39345 FILM NUMBER: 25921754 BUSINESS ADDRESS: STREET 1: 1730 TECHNOLOGY DRIVE CITY: SAN JOSE STATE: CA ZIP: 95110 BUSINESS PHONE: (408) 452-2000 MAIL ADDRESS: STREET 1: 1730 TECHNOLOGY DRIVE CITY: SAN JOSE STATE: CA ZIP: 95110 FORMER COMPANY: FORMER CONFORMED NAME: Kensington Capital Acquisition Corp. DATE OF NAME CHANGE: 20200505 8-K 1 qs-20250507.htm 8-K 8-K 0001811414 false 0001811414 2025-05-07 2025-05-07   UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549   FORM 8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 07, 2025     QuantumScape Corporation (Exact name of Registrant as Specified in Its Charter)     Delaware 001-39345 85-0796578 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)           1730 Technology Drive   San Jose , California   95110 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: 408 452-2000   N/A (Former Name or Former Address, if Changed Since Last Report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A Common Stock, par value $0.0001 per share   QS   The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐   Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. QuantumScape Corporation (the “Company”) announced today that Dr. Luca Fasoli is joining QuantumScape Battery, Inc., a wholly-owned subsidiary of the Company, as its Chief Operating Officer, effective May 7, 2025, reporting to Dr. Siva Sivaram, the Company’s President and Chief Executive Officer. Dr. Fasoli, 57, brings over two decades of experience in advanced memory and storage technologies. From

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