secwatch.observer — SEC 8-K summary
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Issuer:     Lucid Group, Inc. (LCID)
CIK:        0001811210
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001104659-23-049685
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shareholders approve 39.2M share increase for Lucid stock plan; charter amended on director removal
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- Shareholders approved second amended stock plan increasing share reserve by 39,166,575 shares; plan prohibits repricing underwater options without stockholder approval.
- Charter amended to allow director removal with or without cause by majority vote of stockholders.
- Nine directors elected; Turqi Alnowaiser named Chairman of the Board effective April 24, 2023.
- Ratification of Grant Thornton as auditor for FY2023 approved.
- Advisory vote on 2022 executive compensation passed with 98.9% approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811210/000110465923049685/0001104659-23-049685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811210/000110465923049685/tm2313633d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-049685

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