secwatch.observer — SEC 8-K summary
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Issuer:     QuantumScape Corp (QS)
CIK:        0001811414
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0000950170-23-035973
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811414/000095017023035973/0000950170-23-035973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811414/000095017023035973/qs-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-035973

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