---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-004857"
form_type: "8-K"
ticker: "FFAI"
cik: "0001805521"
company_name: "FARADAY FUTURE INTELLIGENT ELECTRIC INC."
filed_at: "2022-02-01T23:59:59+00:00"
generated_at: "2026-06-27T13:07:42.498945+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Faraday Future special committee finds inaccurate disclosures; appoints Executive Chairperson, cuts CEO/founder pay

## Summary
- Special committee concludes statements about founder YT Jia's role and 14,000 FF 91 reservations were inaccurate; only a few hundred were paid.
- Susan Swenson appointed Executive Chairperson, effective immediately; CEO Carsten Breitfield and YT Jia report to her and receive 25% salary cuts.
- VP Jerry Wang suspended; General Counsel Jarret Johnson separating; new Chief Compliance Officer to be hired.
- Company will upgrade internal controls, hire additional accounting staff, and submit compliance plan to Nasdaq.
- Other substantive allegations from short seller report were not supported by evidence, per the special committee.

## SEC filing metadata
- accession: 0001213900-22-004857
- form_type: 8-K
- ticker: FFAI
- cik: 0001805521
- company_name: FARADAY FUTURE INTELLIGENT ELECTRIC INC.
- filed_at: 2022-02-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805521/000121390022004857/0001213900-22-004857-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805521/000121390022004857/ea154778-8k_faraday.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-004857
- JSON: https://secwatch.observer/filing/0001213900-22-004857.json
- Plain text: https://secwatch.observer/filing/0001213900-22-004857.txt

## Key facts
- Executive change
  Brian Krolicki changed role as Chairman of the Board at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
  - Action: stepped down
  - Role: Chairman of the Board
  source text: Brian Krolicki will step down from his role as Chairman of the Board and Chair of the Nominating and Corporate Governance Committee and become a member of the Audit and Compensation Committees of the Board,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000121390022004857/0001213900-22-004857-index.htm
- Executive change
  Susan Swenson was appointed as Executive Chairperson at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
  - Action: appointed
  - Role: Executive Chairperson
  source text: The appointment of Susan Swenson, currently an independent member of the Board, to the newly created position of Executive Chairperson of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000121390022004857/0001213900-22-004857-index.htm
- Executive change
  Jiawei (Jerry) Wang departed as Vice President, Global Capital Markets at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
  - Action: suspended without pay
  - Role: Vice President, Global Capital Markets
  source text: Jiawei (Jerry) Wang, the Company’s Vice President, Global Capital Markets, will be suspended without pay until further notice in connection with the matters referenced below, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000121390022004857/0001213900-22-004857-index.htm
- Executive change
  Jordan Vogel was appointed as Lead Independent Director at FARADAY FUTURE INTELLIGENT ELECTRIC INC..
  - Action: appointed
  - Role: Lead Independent Director
  source text: The appointment of Jordan Vogel as Lead Independent Director;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805521/000121390022004857/0001213900-22-004857-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.