secwatch.observer — SEC 8-K summary
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Issuer:     NU RIDE INC. (NRDE)
CIK:        0001759546
Form:       8-K
Filed at:   2021-08-26T23:59:59+00:00
Accession:  0001104659-21-109520
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lordstown Motors appoints Daniel Ninivaggi as CEO effective immediately
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759546/000110465921109520/0001104659-21-109520-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759546/000110465921109520/tm2125956d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-109520

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