secwatch.observer — SEC 8-K summary
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Issuer:     NU RIDE INC. (NRDE)
CIK:        0001759546
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001104659-24-062557
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Nu Ride modifies director compensation plan: cash paid in advance, RSU grant covers 12 quarters
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- Board approved modified plan on May 13, 2024; cash stipend unchanged at $12,000/quarter but now paid in advance.
- Equity component changed to a single grant of RSUs valued at $8,000/quarter ($96,000 total) for three-year service period.
- Total quarterly compensation remains $20,000 per outside director; no change in aggregate amount.
- RSUs granted under 2020 Equity Compensation Plan; vest quarterly through January 30, 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759546/000110465924062557/0001104659-24-062557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759546/000110465924062557/tm2414637d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-062557

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