secwatch.observer — SEC 8-K summary
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Issuer:     Lucid Group, Inc. (LCID)
CIK:        0001811210
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001104659-26-042846
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lucid names Silvio Napoli as next CEO; Winterhoff to resume COO
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- Silvio Napoli, former Chairman/CEO of Schindler Group, appointed as next CEO effective April 15, 2026; will also join Board.
- Marc Winterhoff will continue as Interim CEO until Napoli's appointment, then resume role as Chief Operating Officer.
- Napoli receives base salary of $1.5M, target annual bonus 200% of base, initial LTI grant of $9.5M (RSUs and PSUs), and new hire PSOs up to 1M shares tied to market cap milestones from $5B to $17.5B.
- Winterhoff receives revised compensation: base salary $1M, target bonus 150% of base, annual LTI $5.4M, plus $2M retention bonuses and up to $3M performance cash bonus tied to market cap hurdles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811210/000110465926042846/0001104659-26-042846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811210/000110465926042846/tm2611666d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-042846

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