---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-109520"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2021-08-26T23:59:59+00:00"
generated_at: "2026-06-29T07:37:07.136612+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lordstown Motors appoints Daniel Ninivaggi as CEO effective immediately

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-21-109520
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2021-08-26T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000110465921109520/0001104659-21-109520-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000110465921109520/tm2125956d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-109520
- JSON: https://secwatch.observer/filing/0001104659-21-109520.json
- Plain text: https://secwatch.observer/filing/0001104659-21-109520.txt

## Key facts
- Executive change
  Daniel Ninivaggi was appointed as Chief Executive Officer at NU RIDE INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759546/000110465921109520/0001104659-21-109520-index.htm
- Executive change
  Angela Strand changed role as Non-Executive Chair at NU RIDE INC..
  - Action: will continue as
  - Role: Non-Executive Chair
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759546/000110465921109520/0001104659-21-109520-index.htm

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