secwatch.observer — SEC 8-K summary
======================================

Issuer:     Lucid Group, Inc. (LCID)
CIK:        0001811210
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0000950103-23-017373
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811210/000095010323017373/0000950103-23-017373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811210/000095010323017373/dp203868_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-017373

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer