8-K
filed March 15, 2024, 7:59 PM ET
ticker NRDE
CIK 0001759546
other material
confidence high
sentiment neutral
materiality 0.75
Nu Ride Inc. (fka Lordstown Motors) emerges from Chapter 11; ticker changes to NRDE
NU RIDE INC.
- Effective March 14, 2024, emerged from Chapter 11 under new name Nu Ride Inc.
- New board appointed: Alexander C. Matina, Andrew L. Sole, Michael J. Wartell, Neil Werner, Alexandre Zyngier.
- William Gallagher appointed CEO, President, Secretary, and Treasurer.
- Severance agreements: Ninivaggi $550k, Hightower $975k, Kroll $685k; payments timed per plan.
- 2020 Equity Incentive Plan amended to reserve 3,000,000 shares for future awards.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alexandre Zyngier was appointed as director at NU RIDE INC..
- Action
- appointed
- Role
- director
Exact text from the filing
the following persons were appointed to the board of directors of the Company as of the Effective Date (the “New Board”): Alexander C. Matina, Andrew L. Sole, Michael J. Wartell, Neil Werner and Alexandre Zyngier.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alexander C. Matina was appointed as director at NU RIDE INC..
- Action
- appointed
- Role
- director
Exact text from the filing
the following persons were appointed to the board of directors of the Company as of the Effective Date (the “New Board”): Alexander C. Matina, Andrew L. Sole, Michael J. Wartell, Neil Werner and Alexandre Zyngier.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dale Spencer departed as director at NU RIDE INC..
- Action
- no longer serve
- Role
- director
Exact text from the filing
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Edward T. Hightower departed as director at NU RIDE INC..
- Action
- no longer serve
- Role
- director
Exact text from the filing
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Angela Strand departed as director at NU RIDE INC..
- Action
- no longer serve
- Role
- director
Exact text from the filing
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael J. Wartell was appointed as director at NU RIDE INC..
- Action
- appointed
- Role
- director
Exact text from the filing
the following persons were appointed to the board of directors of the Company as of the Effective Date (the “New Board”): Alexander C. Matina, Andrew L. Sole, Michael J. Wartell, Neil Werner and Alexandre Zyngier.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew L. Sole was appointed as director at NU RIDE INC..
- Action
- appointed
- Role
- director
Exact text from the filing
the following persons were appointed to the board of directors of the Company as of the Effective Date (the “New Board”): Alexander C. Matina, Andrew L. Sole, Michael J. Wartell, Neil Werner and Alexandre Zyngier.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Daniel A. Ninivaggi was terminated as executive officer at NU RIDE INC..
- Action
- terminated
- Role
- executive officer
Exact text from the filing
the employment of the following executive officers of the Company was terminated: Messrs. Ninivaggi and Hightower and Adam Kroll.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jane Reiss departed as director at NU RIDE INC..
- Action
- no longer serve
- Role
- director
Exact text from the filing
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Adam Kroll was terminated as executive officer at NU RIDE INC..
- Action
- terminated
- Role
- executive officer
Exact text from the filing
the employment of the following executive officers of the Company was terminated: Messrs. Ninivaggi and Hightower and Adam Kroll.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Edward T. Hightower was terminated as executive officer at NU RIDE INC..
- Action
- terminated
- Role
- executive officer
Exact text from the filing
the employment of the following executive officers of the Company was terminated: Messrs. Ninivaggi and Hightower and Adam Kroll.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David T. Hamamoto departed as director at NU RIDE INC..
- Action
- no longer serve
- Role
- director
Exact text from the filing
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph B. Anderson, Jr. departed as director at NU RIDE INC..
- Action
- no longer serve
- Role
- director
Exact text from the filing
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Keith Feldman departed as director at NU RIDE INC..
- Action
- no longer serve
- Role
- director
Exact text from the filing
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Laura J. Soave departed as director at NU RIDE INC..
- Action
- no longer serve
- Role
- director
Exact text from the filing
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Daniel A. Ninivaggi departed as director at NU RIDE INC..
- Action
- no longer serve
- Role
- director
Exact text from the filing
the following persons no longer serve on the board of directors of the Company: Daniel A. Ninivaggi, Joseph B. Anderson, Jr., Keith Feldman, David T. Hamamoto, Edward T. Hightower, Jane Reiss, Laura J. Soave, Dale Spencer, and Angela Strand.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Neil Werner was appointed as director at NU RIDE INC..
- Action
- appointed
- Role
- director
Exact text from the filing
the following persons were appointed to the board of directors of the Company as of the Effective Date (the “New Board”): Alexander C. Matina, Andrew L. Sole, Michael J. Wartell, Neil Werner and Alexandre Zyngier.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
NU RIDE INC.: Amended and restated certificate of incorporation in its entirety to reflect new company name, classified board, and NOL trading restrictions.
- Change
- charter amendment
Exact text from the filing
the Company's Second Amended and Restated Certificate of Incorporation was amended and restated in its entirety (the "Third Amended and Restated Certificate of Incorporation").
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
NU RIDE INC.: Amended and restated bylaws in their entirety with modified indemnification provisions.
- Change
- bylaw amendment
Exact text from the filing
the Company's bylaws, as in effect immediately prior to the Effective Date, were amended and restated in their entirety (the "Second Amended and Restated Bylaws").
View on SEC.gov
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