Faraday Future appoints Jie Sheng to board; FF 91 production conditional on $150-170M funding

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Lee Liu resigned from board; Jie Sheng appointed effective Dec 18, 2022, as designee of largest stockholder FF Top.
Sheng is Head of Operations & Finance Director of FF Global Partners LLC, FF Top's affiliate.
FF expects to start production of saleable FF 91 Futurist by end of March 2023, deliveries by end of April.
Production launch conditioned on securing $150-170M additional funding and stockholder approval to increase authorized shares.
Company completed manufacturing milestone #6 (vehicle assembly construction/equipment installation), 6 of 7 milestones to SOP.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Lee Liu

Director

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2022-12-18
Successor: Jie Sheng
Filed: December 21, 2022, 6:59 PM ET

On December 15, 2022, Lee Liu notified Faraday Future Intelligent Electric Inc. (the “Company”) of his resignation from the Company’s Board of Directors (the “Board”), effective as of December 18, 2022.

Appointed

Jie Sheng

Director

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2022-12-18
Filed: December 21, 2022, 6:59 PM ET

On December 16, 2022, the Board, upon the recommendation of the Nominating and Corporate Governance Committee, appointed Jie Sheng to the Board, effective on December 18, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Lee Liu resigned as Director at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: resigned
Role: Director

Exact text from the filing

On December 15, 2022, Lee Liu notified Faraday Future Intelligent Electric Inc. (the “Company”) of his resignation from the Company’s Board of Directors (the “Board”), effective as of December 18, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jie Sheng was appointed as Director at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: appointed
Role: Director

Exact text from the filing

On December 16, 2022, the Board, upon the recommendation of the Nominating and Corporate Governance Committee, appointed Jie Sheng to the Board, effective on December 18, 2022.

View on SEC.gov

FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-22-081792

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