secwatch.observer — SEC 8-K summary
======================================

Issuer:     Lucid Group, Inc. (LCID)
CIK:        0001811210
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001104659-23-117762
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Lucid appoints Marc Winterhoff as COO effective December 4, 2023
----------------------------------------------------------------

- Winterhoff will report to CEO Peter Rawlinson; previously a Partner at Roland Berger.
- Annual base salary of $595,000 with target bonus opportunity of 90% of base salary starting 2024.
- Cash signing bonus of $3,350,000 subject to clawback through August 2027.
- Equity awards: RSUs ($3M grant value), premium-priced options ($1M), and PSUs ($6M).
- Eligible for Lucid's Executive Severance Benefit Plan and relocation assistance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811210/000110465923117762/0001104659-23-117762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811210/000110465923117762/tm2330320d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-117762

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer