---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-033695"
form_type: "8-K"
ticker: "TSLA"
cik: "0001318605"
company_name: "Tesla, Inc."
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:28:00.669731+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Tesla derivative action settlement: directors to return $735M in compensation value

## Summary
- Director Defendants will provide Tesla with $735,266,505 in cash, stock, or canceled options representing 3,130,406 options.
- Directors forego 2021, 2022, and 2023 board compensation; new governance reforms include annual stockholder vote on director pay.
- Delaware Chancery Court scheduled final settlement hearing for October 13, 2023; settlement dismisses derivative action with prejudice.
- No admission of wrongdoing; parties reached settlement after arm's-length mediation and extensive discovery.

## SEC filing metadata
- accession: 0000950170-23-033695
- form_type: 8-K
- ticker: TSLA
- cik: 0001318605
- company_name: Tesla, Inc.
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1318605/000095017023033695/0000950170-23-033695-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1318605/000095017023033695/tsla-20230719.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-033695
- JSON: https://secwatch.observer/filing/0000950170-23-033695.json
- Plain text: https://secwatch.observer/filing/0000950170-23-033695.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.