TuSimple appoints two independent directors and permanent CFO; adds 13M shares to equity plan

TuSimple Holdings Inc.

Wendy Hayes and Michael Mosier appointed to board; Mosier named Government Security Director after CFIUS non-objection.
Eric Tapia promoted from interim to permanent CFO; no compensation changes yet determined.
Board approved amendment to 2021 Equity Incentive Plan to increase authorized shares by 13M and add automatic annual increase.
CEO Cheng Lu receives base salary $450K, target bonus 80%, 6.85M stock units, and severance package including $15M cash for certain terminations.
Board committees restructured: Hayes chairs Audit, James Lu chairs Compensation and Nominating & Corp Gov, Mosier chairs Gov Security Committee.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Michael Mosier

Director

TSPH · TuSimple Holdings Inc.

Effective: 2022-12-15
Filed: December 16, 2022, 6:59 PM ET

On December 15, 2022, the board of directors (the “Board”) of TuSimple Holdings Inc. (the “Company”) appointed Wendy Hayes and Michael Mosier to the Board, effective immediately.

Appointed

Wendy Hayes

Director

TSPH · TuSimple Holdings Inc.

Effective: 2022-12-15
Filed: December 16, 2022, 6:59 PM ET

On December 15, 2022, the board of directors (the “Board”) of TuSimple Holdings Inc. (the “Company”) appointed Wendy Hayes and Michael Mosier to the Board, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Mosier was appointed as Director at TuSimple Holdings Inc..

Action: appointed
Role: Director

Exact text from the filing

On December 15, 2022, the board of directors (the “Board”) of TuSimple Holdings Inc. (the “Company”) appointed Wendy Hayes and Michael Mosier to the Board, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Wendy Hayes was appointed as Director at TuSimple Holdings Inc..

Action: appointed
Role: Director

Exact text from the filing

On December 15, 2022, the board of directors (the “Board”) of TuSimple Holdings Inc. (the “Company”) appointed Wendy Hayes and Michael Mosier to the Board, effective immediately.

View on SEC.gov

TuSimple Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-306410

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