Zoomcar appoints Adarsh Menon as President with $400K salary and 3% RSU award

Zoomcar Holdings, Inc.

Appointment effective Jan 8, 2024; Menon brings 22 yrs experience from Flipkart and Hindustan Unilever.
Base salary of $400,000 per year and one-time signing bonus of $20,000.
RSUs equal to 3% of outstanding shares vesting monthly over 4 years with a one-year lock-up.
Additional RSUs of 0.25% of shares for each market cap milestone of $500M, $750M, $1B.
Severance: 3 months pay w/o cause, 4 months in acquisition, 1 month during probation period.

item 5.02 item 9.01

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Appointed

Adarsh Menon

President

ZCAR · Zoomcar Holdings, Inc.

Effective: 2024-01-08
Filed: January 12, 2024, 6:59 PM ET

Effective January 8, 2024, Zoomcar Holdings, Inc. (the “ Company ”) appointed Adarsh Menon as the President of the Company

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Adarsh Menon was appointed as President at Zoomcar Holdings, Inc..

Action: appointed
Role: President

Exact text from the filing

Effective January 8, 2024, Zoomcar Holdings, Inc. (the “ Company ”) appointed Adarsh Menon as the President of the Company

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Zoomcar Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-003117

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