QuantumScape appoints Dr. Siva Sivaram as President, effective Sept 11, 2023

QuantumScape Corp

Dr. Sivaram will oversee technology and manufacturing, reporting to CEO Jagdeep Singh.
Base salary $500,000; annual bonus target 80% of earned salary.
Initial RSU grant valued at $4.5M (mix of performance- and time-based vesting).
One-time signing bonus RSU valued at $2M vesting over two years.
Brings 37 years of semiconductor and storage experience from Western Digital, SanDisk, Intel.

item 5.02

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Appointed

Dr. Siva Sivaram

President

QS · QuantumScape Corp

Effective: 2023-09-11
Filed: July 31, 2023, 7:59 PM ET

Dr. Siva Sivaram accepted an employment offer by QuantumScape Battery, Inc., a wholly-owned subsidiary of QuantumScape Corporation (the “Company”), where he will assume the title of President, reporting to Jagdeep Singh, the Company’s Co-Founder and Chief Executive Officer, effective September 11, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Dr. Siva Sivaram was appointed as President at QuantumScape Corp.

Action: appointed
Role: President

Exact text from the filing

Dr. Siva Sivaram accepted an employment offer by QuantumScape Battery, Inc., a wholly-owned subsidiary of QuantumScape Corporation (the “Company”), where he will assume the title of President, reporting to Jagdeep Singh, the Company’s Co-Founder and Chief Executive Officer, effective September 11, 2023.

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QuantumScape Corp filing history →

Source: SEC EDGAR

accession 0000950170-23-035973

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