secwatch / observer
8-K filed August 2, 2023, 7:59 PM ET CIK 0001827980
M&A confidence high sentiment neutral materiality 0.95

Embark Technology, Inc.: M&A transaction — Embark acquired by Applied Intuition for $2.88/share; stock delisted from Nasdaq

Embark Technology, Inc.

item 2.01item 3.01item 3.03item 5.03item 5.01item 5.02item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Qasar Younis

Treasurer
Embark Technology, Inc.
Effective
2023-08-02
Filed
August 2, 2023, 7:59 PM ET
Qasar Younis became the Treasurer of Embark.
Departed

Ian Robertson

Director
Embark Technology, Inc.
Effective
2023-08-02
Filed
August 2, 2023, 7:59 PM ET
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.
Departed

Elaine Chao

Director
Embark Technology, Inc.
Effective
2023-08-02
Filed
August 2, 2023, 7:59 PM ET
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.
Appointed

Qasar Younis

Director
Embark Technology, Inc.
Effective
2023-08-02
Filed
August 2, 2023, 7:59 PM ET
Qasar Younis became the director of Embark.
Departed

Penelope Herscher

Director
Embark Technology, Inc.
Effective
2023-08-02
Filed
August 2, 2023, 7:59 PM ET
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.
Departed

Patricia Chiodo

Director
Embark Technology, Inc.
Effective
2023-08-02
Filed
August 2, 2023, 7:59 PM ET
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.
Appointed

Peter Ludwig

President and Secretary
Embark Technology, Inc.
Effective
2023-08-02
Filed
August 2, 2023, 7:59 PM ET
Peter Ludwig became the President and Secretary of Embark
Departed

Alex Rodrigues

Chief Executive Officer
Embark Technology, Inc.
Effective
2023-08-02
Filed
August 2, 2023, 7:59 PM ET
Alex Rodrigues, who was the Chief Executive Officer of Embark prior to the Effective Time, resigned as Chief Executive Officer of Embark effective as of immediately prior to the Effective Time.
Departed

Pat Grady

Director
Embark Technology, Inc.
Effective
2023-08-02
Filed
August 2, 2023, 7:59 PM ET
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.
Departed

Alex Rodrigues

Director
Embark Technology, Inc.
Effective
2023-08-02
Filed
August 2, 2023, 7:59 PM ET
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.
Departed

Brandon Moak

Chief Technology Officer
Embark Technology, Inc.
Effective
2023-08-02
Filed
August 2, 2023, 7:59 PM ET
Brandon Moak, who was the Chief Technology Officer of Embark prior to the Effective Time, resigned as Chief Technology Officer of Embark effective as of immediately prior to the Effective Time.
Departed

Brandon Moak

Director
Embark Technology, Inc.
Effective
2023-08-02
Filed
August 2, 2023, 7:59 PM ET
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Qasar Younis was appointed as Treasurer at Embark Technology, Inc..

Action
appointed
Role
Treasurer
Exact text from the filing
Qasar Younis became the Treasurer of Embark.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Ian Robertson resigned as Director at Embark Technology, Inc..

Action
resigned
Role
Director
Exact text from the filing
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Elaine Chao resigned as Director at Embark Technology, Inc..

Action
resigned
Role
Director
Exact text from the filing
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Qasar Younis was appointed as Director at Embark Technology, Inc..

Action
appointed
Role
Director
Exact text from the filing
Qasar Younis became the director of Embark.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Penelope Herscher resigned as Director at Embark Technology, Inc..

Action
resigned
Role
Director
Exact text from the filing
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Patricia Chiodo resigned as Director at Embark Technology, Inc..

Action
resigned
Role
Director
Exact text from the filing
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Ludwig was appointed as President and Secretary at Embark Technology, Inc..

Action
appointed
Role
President and Secretary
Exact text from the filing
Peter Ludwig became the President and Secretary of Embark
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Alex Rodrigues resigned as Chief Executive Officer at Embark Technology, Inc..

Action
resigned
Role
Chief Executive Officer
Exact text from the filing
Alex Rodrigues, who was the Chief Executive Officer of Embark prior to the Effective Time, resigned as Chief Executive Officer of Embark effective as of immediately prior to the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Pat Grady resigned as Director at Embark Technology, Inc..

Action
resigned
Role
Director
Exact text from the filing
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Alex Rodrigues resigned as Director at Embark Technology, Inc..

Action
resigned
Role
Director
Exact text from the filing
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Brandon Moak resigned as Chief Technology Officer at Embark Technology, Inc..

Action
resigned
Role
Chief Technology Officer
Exact text from the filing
Brandon Moak, who was the Chief Technology Officer of Embark prior to the Effective Time, resigned as Chief Technology Officer of Embark effective as of immediately prior to the Effective Time.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Brandon Moak resigned as Director at Embark Technology, Inc..

Action
resigned
Role
Director
Exact text from the filing
The following persons, who were directors of Embark prior to the Effective Time, resigned as directors of Embark effective as of immediately prior to the Effective Time: Penelope Herscher, Pat Grady, Elaine Chao, Ian Robertson, Patricia Chiodo, Alex Rodrigues and Brandon Moak.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Embark Technology, Inc. underwent a change of control involving Applied Intuition, Inc. for $2.88 in cash (closed 2023-08-02).

Action
change of control
Counterparty
Applied Intuition, Inc.
Consideration
$2.88 in cash
Closing
2023-08-02
Exact text from the filing
Pursuant to the Merger Agreement, at the effective time of the Merger (the “ Effective Time ”), each share of Class A common stock and Class B common stock of Embark, par value $0.0001 per share (collectively, the “ Common Stock ”), outstanding immediately prior to the Effective Time, was automatically converted into the right to receive $2.88 in cash, without interest thereon (the “ Per Share Price ”).
View on SEC.gov

9 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Source: SEC EDGAR
accession 0001104659-23-086614
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