Key facts
Extracted from this filing and checked against the source text.
Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
Proterra Inc entered chapter 11 in Bankruptcy Court (petition 2024-03-13).
- Proceeding
- chapter 11
- Court
- Bankruptcy Court
- Petition
- 2024-03-13
Exact text from the filing
On March 13, 2024, the Debtors filed a Notice of Occurrence of Effective Date as to the Company (the “Notice of Effective Date”) with the Bankruptcy Court.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brook F. Porter departed as Director at Proterra Inc.
- Action
- ceased to be director
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Jan. R. Hauser, Gareth T. Joyce, Michael D. Smith, Mary Louise Krakaeur, Roger M. Nielsen, Jeannine P. Sargent, Brook F. Porter and Constance E. Skidmore ceased to be directors of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jordan Jaffe was appointed as Director at Proterra Inc.
- Action
- appointed
- Role
- Director
Exact text from the filing
As of the Effective Date, the board of directors of the Company (the “Board”) consists of the following five directors who were appointed: Vusal Najafov, Ewa Kozicz, Artem Mariychin, Michelle Barone, and Jordan Jaffe.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jan R. Hauser departed as Director at Proterra Inc.
- Action
- ceased to be director
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Jan. R. Hauser, Gareth T. Joyce, Michael D. Smith, Mary Louise Krakaeur, Roger M. Nielsen, Jeannine P. Sargent, Brook F. Porter and Constance E. Skidmore ceased to be directors of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vusal Najafov was appointed as Director at Proterra Inc.
- Action
- appointed
- Role
- Director
Exact text from the filing
As of the Effective Date, the board of directors of the Company (the “Board”) consists of the following five directors who were appointed: Vusal Najafov, Ewa Kozicz, Artem Mariychin, Michelle Barone, and Jordan Jaffe.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gareth T. Joyce departed as Chief Executive Officer and President at Proterra Inc.
- Action
- replaced
- Role
- Chief Executive Officer and President
Exact text from the filing
On the Effective Date, the Debtors’ officers, including Mr. Gareth T. Joyce, Chief Executive Officer and President of the Company, and Mr. Justin Derek Pugh, Acting Chief Financial Officer of the Company, were replaced pursuant to the Plan by the Reorganized Debtors’ new officers, each effective as of March 13, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Artem Mariychin was appointed as Director at Proterra Inc.
- Action
- appointed
- Role
- Director
Exact text from the filing
As of the Effective Date, the board of directors of the Company (the “Board”) consists of the following five directors who were appointed: Vusal Najafov, Ewa Kozicz, Artem Mariychin, Michelle Barone, and Jordan Jaffe.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gareth T. Joyce departed as Director at Proterra Inc.
- Action
- ceased to be director
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Jan. R. Hauser, Gareth T. Joyce, Michael D. Smith, Mary Louise Krakaeur, Roger M. Nielsen, Jeannine P. Sargent, Brook F. Porter and Constance E. Skidmore ceased to be directors of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michelle Barone was appointed as Director at Proterra Inc.
- Action
- appointed
- Role
- Director
Exact text from the filing
As of the Effective Date, the board of directors of the Company (the “Board”) consists of the following five directors who were appointed: Vusal Najafov, Ewa Kozicz, Artem Mariychin, Michelle Barone, and Jordan Jaffe.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mary Louise Krakaeur departed as Director at Proterra Inc.
- Action
- ceased to be director
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Jan. R. Hauser, Gareth T. Joyce, Michael D. Smith, Mary Louise Krakaeur, Roger M. Nielsen, Jeannine P. Sargent, Brook F. Porter and Constance E. Skidmore ceased to be directors of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael D. Smith departed as Director at Proterra Inc.
- Action
- ceased to be director
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Jan. R. Hauser, Gareth T. Joyce, Michael D. Smith, Mary Louise Krakaeur, Roger M. Nielsen, Jeannine P. Sargent, Brook F. Porter and Constance E. Skidmore ceased to be directors of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeannine P. Sargent departed as Director at Proterra Inc.
- Action
- ceased to be director
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Jan. R. Hauser, Gareth T. Joyce, Michael D. Smith, Mary Louise Krakaeur, Roger M. Nielsen, Jeannine P. Sargent, Brook F. Porter and Constance E. Skidmore ceased to be directors of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Justin Derek Pugh departed as Acting Chief Financial Officer at Proterra Inc.
- Action
- replaced
- Role
- Acting Chief Financial Officer
Exact text from the filing
On the Effective Date, the Debtors’ officers, including Mr. Gareth T. Joyce, Chief Executive Officer and President of the Company, and Mr. Justin Derek Pugh, Acting Chief Financial Officer of the Company, were replaced pursuant to the Plan by the Reorganized Debtors’ new officers, each effective as of March 13, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ewa Kozicz was appointed as Director at Proterra Inc.
- Action
- appointed
- Role
- Director
Exact text from the filing
As of the Effective Date, the board of directors of the Company (the “Board”) consists of the following five directors who were appointed: Vusal Najafov, Ewa Kozicz, Artem Mariychin, Michelle Barone, and Jordan Jaffe.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Roger M. Nielsen departed as Director at Proterra Inc.
- Action
- ceased to be director
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Jan. R. Hauser, Gareth T. Joyce, Michael D. Smith, Mary Louise Krakaeur, Roger M. Nielsen, Jeannine P. Sargent, Brook F. Porter and Constance E. Skidmore ceased to be directors of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Constance E. Skidmore departed as Director at Proterra Inc.
- Action
- ceased to be director
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Jan. R. Hauser, Gareth T. Joyce, Michael D. Smith, Mary Louise Krakaeur, Roger M. Nielsen, Jeannine P. Sargent, Brook F. Porter and Constance E. Skidmore ceased to be directors of the Company on the Effective Date.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Proterra Inc: Company adopted amended and restated bylaws removing provisions for stockholder nomination/business at annual meetings and increasing amendment vote requirement from two-thirds to 80%.
- Change
- bylaw amendment
Exact text from the filing
Also on the Effective Date, and pursuant to the terms of the Plan, the Company adopted the Amended and Restated Bylaws of the Company (the “Bylaws”).
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Proterra Inc: Company filed amended and restated certificate of incorporation changing authorized shares from 510,000,000 to 1,000,000, adding bankruptcy-code voting restriction, indemnification provisions, and renouncement of business opportunities.
- Change
- charter amendment
Exact text from the filing
On the Effective Date, pursuant to the terms of the Plan, the Company filed the Amended and Restated Certificate of Incorporation of the Company (the “Certificate of Incorporation”) with the office of the Secretary of State of Delaware.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.7
Proterra Inc underwent a change of control (closed 2024-03-13).
- Action
- change of control
- Closing
- 2024-03-13
Exact text from the filing
On the Effective Date, all of the Second Lien Convertible Notes Claims and equity interests in the Company were cancelled.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Proterra Inc terminated Second Amended and Restated Chapter 11 Plan Support Agreement with Anthelion Prodigy Co-Investment LP, Anthelion I Prodigy Holdco LP, Anthelion PRTA Co-Investment LP, and the Official Committee of Unsecured Creditors.
- Action
- termination
- Counterparty
- Anthelion Prodigy Co-Investment LP, Anthelion I Prodigy Holdco LP, Anthelion PRTA Co-Investment LP, and the Official Committee of Unsecured Creditors
Exact text from the filing
that certain Second Amended and Restated Chapter 11 Plan Support Agreement entered into among the Debtors, the Official Committee of Unsecured Creditors appointed in the Chapter 11 Cases and Anthelion Prodigy Co-Investment LP, Anthelion I Prodigy Holdco LP, and Anthelion PRTA Co-Investment LP was automatically terminated pursuant to its terms
View on SEC.gov
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