---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-028423"
form_type: "8-K"
ticker: "LCID"
cik: "0001811210"
company_name: "Lucid Group, Inc."
filed_at: "2023-03-03T23:59:59+00:00"
generated_at: "2026-06-18T13:24:44.706304+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Lucid Group amends bylaws to update director nomination procedures and align with DGCL

## Summary
- Board approved Second Amended and Restated Bylaws on March 2, 2023.
- Adds requirements for stockholder director nominations, including compliance with Rule 14a-19 universal proxy rules.
- Ayar exempt from certain notice procedures per Investor Rights Agreement.
- Technical and conforming revisions, removal of outdated transfer restrictions.

## SEC filing metadata
- accession: 0001104659-23-028423
- form_type: 8-K
- ticker: LCID
- cik: 0001811210
- company_name: Lucid Group, Inc.
- filed_at: 2023-03-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1811210/000110465923028423/0001104659-23-028423-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1811210/000110465923028423/tm238322d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-028423
- JSON: https://secwatch.observer/filing/0001104659-23-028423.json
- Plain text: https://secwatch.observer/filing/0001104659-23-028423.txt

## Key facts
- Governance Changes
  Lucid Group, Inc.: Approved and adopted Second Amended and Restated Bylaws to reflect DGCL amendments, implement universal proxy card rules, and make technical revisions (effective 2023-03-02).
  - Change: bylaw amendment
  - Effective: 2023-03-02
  source text: On March 2, 2023, the Board of Directors (the " Board" ) of Lucid Group, Inc. (the " Company ") approved and adopted amended and restated by-laws (the " Second Amended and Restated Bylaws ") of the Company to: (i) reflect recent amendments to, and align certain provisions with, the Delaware General Corporation Law; (ii) implement procedural and disclosure requirements for director nominees and stockholders proposing director nominees and other business for consideration at the Company’s annual or special meetings of stockholders, including to address the U.S. Securities and Exchange Commission’s recently adopted "universal proxy card" rules; and (iii) make technical and conforming revisions and clarifications.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1811210/000110465923028423/0001104659-23-028423-index.htm

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