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Lucid Group | 8-K: Lucid Group Approved Payment of a Cash Bonus to Chief Executive Officer Peter Rawlinson in the Amount of $6,000,000 and Determined June 4, 2024 as the Date of 2024 Annual Meeting of Stockholders

SEC announcement ·  Feb 16 06:18
Summary by Futu AI
Lucid Group, Inc. has reported a significant corporate event in a recent Form 8-K filing with the U.S. Securities and Exchange Commission. On February 9, 2024, the company's Board of Directors approved a substantial cash bonus of $6 million for CEO and CTO Peter Rawlinson. This bonus was awarded in recognition of Rawlinson's pivotal role in the successful unveiling of the Lucid Gravity, a luxury sport utility vehicle, at the Los Angeles Auto Show in November 2023. The event marked a major milestone for Lucid Group in terms of technical, commercial, and design achievements. Additionally, Lucid Group has announced the scheduling of its 2024 Annual Meeting of Stockholders for June 4, 2024. The company has also outlined the deadlines for stockholder proposals and director nominations for the upcoming annual meeting, with the cut-off for inclusion in the proxy statement set for February 25, 2024, and for other proposals and nominations as per the company's bylaws having been January 25, 2024.
Lucid Group, Inc. has reported a significant corporate event in a recent Form 8-K filing with the U.S. Securities and Exchange Commission. On February 9, 2024, the company's Board of Directors approved a substantial cash bonus of $6 million for CEO and CTO Peter Rawlinson. This bonus was awarded in recognition of Rawlinson's pivotal role in the successful unveiling of the Lucid Gravity, a luxury sport utility vehicle, at the Los Angeles Auto Show in November 2023. The event marked a major milestone for Lucid Group in terms of technical, commercial, and design achievements. Additionally, Lucid Group has announced the scheduling of its 2024 Annual Meeting of Stockholders for June 4, 2024. The company has also outlined the deadlines for stockholder proposals and director nominations for the upcoming annual meeting, with the cut-off for inclusion in the proxy statement set for February 25, 2024, and for other proposals and nominations as per the company's bylaws having been January 25, 2024.

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