---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-136702"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2021-11-10T23:59:59+00:00"
generated_at: "2026-06-28T10:05:57.506719+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Lordstown Motors appoints Edward Hightower President; Ninivaggi takes pay cut

## Summary
- Edward Hightower named President effective Nov 29, replacing Rich Schmidt who resigned Nov 4.
- Hightower receives $625k salary, 500k options at $5.69, 500k RSUs, and $50k signing bonus.
- CEO Dan Ninivaggi voluntarily reduces base salary from $750k to $675k.
- Jane Ritson-Parsons shifts from COO to EVP-Chief Commercial Officer; Shea Burns named SVP-Operations.
- Changes aim to focus on Endurance launch and Foxconn partnership.

## SEC filing metadata
- accession: 0001104659-21-136702
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2021-11-10T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000110465921136702/0001104659-21-136702-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000110465921136702/tm2132527d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-136702
- JSON: https://secwatch.observer/filing/0001104659-21-136702.json
- Plain text: https://secwatch.observer/filing/0001104659-21-136702.txt

## Key facts
- Executive change
  Shea Burns was appointed as Senior Vice President – Operations at NU RIDE INC..
  - Action: appointed
  - Role: Senior Vice President – Operations
  source text: appointed Shea Burns to serve as the Company’s Senior Vice President – Operations, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759546/000110465921136702/0001104659-21-136702-index.htm
- Executive change
  Edward T. Hightower was appointed as President at NU RIDE INC..
  - Action: appointed
  - Role: President
  source text: On November 10, 2021, Lordstown Motors Corp. (the “Company”) announced that its Board of Directors appointed Edward T. Hightower as the Company’s new President effective November 29, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759546/000110465921136702/0001104659-21-136702-index.htm
- Executive change
  Rich Schmidt resigned as President at NU RIDE INC..
  - Action: resigned
  - Role: President
  source text: Mr. Hightower will replace President Rich Schmidt, who resigned from the Company on November 4, 2021 to take effect on December 4, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759546/000110465921136702/0001104659-21-136702-index.htm
- Executive change
  Jane Ritson-Parsons changed role as Executive Vice President – Chief Commercial Officer at NU RIDE INC..
  - Action: changed role
  - Role: Executive Vice President – Chief Commercial Officer
  source text: the Board approved a change to Jane Ritson-Parsons’s role from Chief Operating Officer to Executive Vice President – Chief Commercial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1759546/000110465921136702/0001104659-21-136702-index.htm

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