Lordstown Motors appoints Daniel Ninivaggi as CEO effective immediately

NU RIDE INC.

Daniel Ninivaggi named CEO and board member; Angela Strand transitions to Non-Executive Chair.
Employment terms: $750k salary, 125% target bonus, 700k stock options and 700k RSUs vesting over 3 years.
Ninivaggi former CEO of Icahn Enterprises (IEP), Co-CEO of Federal-Mogul, Chairman of Garrett Motion (GTX).
Appointment effective August 26, 2021; company cites his automotive and capital markets experience.

item 5.02 item 9.01

Executive movements

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

Appointed

Daniel Ninivaggi

Chief Executive Officer

NRDE · NU RIDE INC.

Effective: 2021-08-26
Filed: August 26, 2021, 7:59 PM ET

On August 26, 2021, Lordstown Motors Corp. (the “Company”) announced that the Board of Directors of the Company appointed Daniel Ninivaggi as Chief Executive Officer of the Company and as a member of the Board of Directors of the Company, each effective immediately.

Role change

Angela Strand

Non-Executive Chair

NRDE · NU RIDE INC.

Effective: 2021-08-26
Filed: August 26, 2021, 7:59 PM ET

Angela Strand, who has been serving as Executive Chair of the Company’s Board of Directors, will continue as Non-Executive Chair of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Ninivaggi was appointed as Chief Executive Officer at NU RIDE INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On August 26, 2021, Lordstown Motors Corp. (the “Company”) announced that the Board of Directors of the Company appointed Daniel Ninivaggi as Chief Executive Officer of the Company and as a member of the Board of Directors of the Company, each effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Angela Strand changed role as Non-Executive Chair at NU RIDE INC..

Action: will continue as
Role: Non-Executive Chair

Exact text from the filing

Angela Strand, who has been serving as Executive Chair of the Company’s Board of Directors, will continue as Non-Executive Chair of the Board.

View on SEC.gov

NU RIDE INC. filing history →

Source: SEC EDGAR

accession 0001104659-21-109520

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