secwatch.observer — SEC 8-K summary
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Issuer:     Zoomcar Holdings, Inc. (ZCAR)
CIK:        0001854275
Form:       8-K
Filed at:   2024-01-12T23:59:59+00:00
Accession:  0001213900-24-003117
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854275/000121390024003117/0001213900-24-003117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854275/000121390024003117/ea191512-8k_zoomcar.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-003117

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