secwatch.observer — SEC 8-K summary
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Issuer:     Archer Aviation Inc. (ACHR)
CIK:        0001824502
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0001104659-22-052848
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Archer Aviation co-CEO Brett Adcock departs, receives severance, remains on board
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- Separation effective April 13, 2022; Adcock stays on Board of Directors.
- Severance includes 24-month salary continuation ($600k/yr), $600k bonus, and $1.5M special payment.
- Time-based equity accelerated by 24 months; Founder Grant milestones eligible for 15 months post-separation.
- 12-month lock-up on share transfers, with limited sales allowed in Q3/Q4 2022 and Q1 2023.
- Total unvested shares owned individually and via High Drive Growth LLC become fully vested after acceleration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1824502/000110465922052848/0001104659-22-052848-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1824502/000110465922052848/tm2213965d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-052848

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