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Nikola | 8-K: Nikola Board of Directors Appoints Thomas B. Okray as Chief Financial Officer, Chief Financial Officer and Chief Accounting Officer

SEC announcement ·  Mar 4 21:10
Summary by Futu AI
Nikola Corporation announced the appointment of Thomas B. Okray as the new Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer, effective March 4, 2024. Okray brings extensive experience to Nikola, having previously held the position of Executive Vice President and CFO at Eaton Corporation PLC until February 2024, and prior roles at W.W. Grainger, Inc., Advance Auto Parts, Inc., Amazon.com, Inc., and General Motors Company. Alongside his appointment, Okray entered into an Executive Employment Agreement with Nikola, which includes an annual base salary of $695,000, potential equity awards, and a one-time relocation bonus. The agreement also outlines severance benefits and restrictive covenants in the event of an involuntary termination. Okray's appointment is part of Nikola's ongoing executive leadership enhancement and he has no familial ties to current directors or executive officers of the company.
Nikola Corporation announced the appointment of Thomas B. Okray as the new Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer, effective March 4, 2024. Okray brings extensive experience to Nikola, having previously held the position of Executive Vice President and CFO at Eaton Corporation PLC until February 2024, and prior roles at W.W. Grainger, Inc., Advance Auto Parts, Inc., Amazon.com, Inc., and General Motors Company. Alongside his appointment, Okray entered into an Executive Employment Agreement with Nikola, which includes an annual base salary of $695,000, potential equity awards, and a one-time relocation bonus. The agreement also outlines severance benefits and restrictive covenants in the event of an involuntary termination. Okray's appointment is part of Nikola's ongoing executive leadership enhancement and he has no familial ties to current directors or executive officers of the company.
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