Lucid CFO Sherry House resigns effective immediately; Gagan Dhingra named interim CFO

Lucid Group, Inc.

Sherry House resigned as CFO on Dec 11, 2023, to pursue other opportunities; not due to any disagreement with auditors or board.
Gagan Dhingra, current VP of Accounting and PAO, appointed interim CFO, reporting to CEO Peter Rawlinson.
House receives severance per Executive Severance Plan, $215K bonus, accelerated vesting of 83,987 RSUs and 136,221 PSUs, plus $12,500 tax prep and company vehicle.
Dhingra receives $500K RSU grant (50% vest June 2024, 50% Dec 2024), $68K appointment bonus, $50K quarterly bonus, and $25K monthly stipend.
Company has begun search for a permanent CFO; Dhingra to serve until replacement is appointed.

item 5.02

Executive movements

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Departed

Sherry House

Chief Financial Officer

LCID · Lucid Group, Inc.

Effective: 2023-12-11
Successor: Gagan Dhingra
Filed: December 11, 2023, 6:59 PM ET

On December 11, 2023, Lucid Group, Inc. (“Lucid” or the “Company”) announced that Sherry House, Lucid’s Chief Financial Officer, informed the Company that she is resigning from her position, effective immediately, in order to pursue other opportunities.

Appointed (interim)

Gagan Dhingra

Chief Financial Officer

LCID · Lucid Group, Inc.

Effective: 2023-12-11
Filed: December 11, 2023, 6:59 PM ET

Effective as of December 11, 2023, Gagan Dhingra, Lucid’s current Vice President of Accounting and Principal Accounting Officer, will additionally serve as Lucid’s interim Chief Financial Officer and Principal Financial Officer, while Lucid’s search for a replacement CFO is underway.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sherry House resigned as Chief Financial Officer at Lucid Group, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On December 11, 2023, Lucid Group, Inc. (“Lucid” or the “Company”) announced that Sherry House, Lucid’s Chief Financial Officer, informed the Company that she is resigning from her position, effective immediately, in order to pursue other opportunities.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Gagan Dhingra was appointed as Chief Financial Officer at Lucid Group, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Effective as of December 11, 2023, Gagan Dhingra, Lucid’s current Vice President of Accounting and Principal Accounting Officer, will additionally serve as Lucid’s interim Chief Financial Officer and Principal Financial Officer, while Lucid’s search for a replacement CFO is underway.

View on SEC.gov

Lucid Group, Inc. filing history →

Source: SEC EDGAR

accession 0000950103-23-017373

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