QuantumScape appoints Siva Sivaram as CEO; Jagdeep Singh remains Chairman

QuantumScape Corp

Dr. Siva Sivaram becomes CEO effective Feb 15, 2024; joined as President in Sept 2023.
Jagdeep Singh steps down as CEO but continues as Chairman of the Board.
Sivaram's compensation: $820K base salary, 125% target bonus, $17.2M RSU award (60% performance-based).
Succession plan initiated by Singh and Board over a year ago; Singh's CEO stock options terminate.
Sivaram's background: former President at Western Digital; experience scaling manufacturing.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Jagdeep Singh

Chief Executive Officer

QS · QuantumScape Corp

Effective: 2024-02-15
Successor: Siva Sivaram
Filed: February 14, 2024, 6:59 PM ET

the Board accepted Jagdeep Singh’s request to transition from his role as CEO effective February 15, 2024, and also confirmed that Mr. Singh will be continuing in his capacity as Chairman of the Board.

Appointed

Siva Sivaram

Director

QS · QuantumScape Corp

Effective: 2024-02-15
Filed: February 14, 2024, 6:59 PM ET

appointed Dr. Siva Sivaram, as the Company`s Chief Executive Officer (“ CEO ”) and as a member of the Board, effective February 15, 2024.

Appointed

Siva Sivaram

Chief Executive Officer

QS · QuantumScape Corp

Effective: 2024-02-15
Filed: February 14, 2024, 6:59 PM ET

appointed Dr. Siva Sivaram, as the Company`s Chief Executive Officer (“ CEO ”) and as a member of the Board, effective February 15, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jagdeep Singh changed role as Chief Executive Officer at QuantumScape Corp.

Action: transitioned from Chief Executive Officer
Role: Chief Executive Officer

Exact text from the filing

the Board accepted Jagdeep Singh’s request to transition from his role as CEO effective February 15, 2024, and also confirmed that Mr. Singh will be continuing in his capacity as Chairman of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Siva Sivaram was appointed as Director at QuantumScape Corp.

Action: appointed
Role: Director

Exact text from the filing

appointed Dr. Siva Sivaram, as the Company`s Chief Executive Officer (“ CEO ”) and as a member of the Board, effective February 15, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Siva Sivaram was appointed as Chief Executive Officer at QuantumScape Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Dr. Siva Sivaram, as the Company`s Chief Executive Officer (“ CEO ”) and as a member of the Board, effective February 15, 2024.

View on SEC.gov

QuantumScape Corp filing history →

Source: SEC EDGAR

accession 0000950170-24-015280

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