---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-063653"
form_type: "8-K"
ticker: "NRDE"
cik: "0001759546"
company_name: "NU RIDE INC."
filed_at: "2022-05-23T23:59:59+00:00"
generated_at: "2026-06-25T08:18:54.442604+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Lordstown Motors faces shareholder demand over unauthorized share increase vote at annual meeting

## Summary
- Purcell & Lefkowitz sent demand letter alleging board misled stockholders on vote for share increase from 300M to 450M.
- Letter claims ~60M uninstructed shares were voted by brokers in favor, contrary to proxy treatment as votes against.
- Company had filed Certificate of Amendment on May 19; board now says vote report not final, evaluating demand.
- Without those broker votes, amendment would have failed (only ~55M affirmative votes vs needed ~98.4M majority).
- Demand asks board to deem amendment ineffective or seek valid approval; threatens litigation if no response by June 3.

## SEC filing metadata
- accession: 0001104659-22-063653
- form_type: 8-K
- ticker: NRDE
- cik: 0001759546
- company_name: NU RIDE INC.
- filed_at: 2022-05-23T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759546/000110465922063653/0001104659-22-063653-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759546/000110465922063653/tm2216027d5_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-063653
- JSON: https://secwatch.observer/filing/0001104659-22-063653.json
- Plain text: https://secwatch.observer/filing/0001104659-22-063653.txt

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