Faraday Future appoints Koti Meka as CFO after Maroko resigns; salary cut to $200K initially

FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Interim CFO Jonathan Maroko resigned effective Sept 20, 2024; may enter consulting agreement.
Board appointed Koti Meka as CFO effective Sept 23, 2024; previously Acting Head of Finance Operations.
Meka's base salary set at $300K but initially paid $200K due to company-wide cost-cutting measures.
Meka eligible for RSU grants totaling $1.5M and PSUs with target value of $1M tied to milestones.
VP I.A.I. Hong Rao removed as Section 16 officer but remains in his role.

item 5.02 item 9.01

Executive movements

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

Departed

Jonathan Maroko

Interim Chief Financial Officer

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2024-09-20
Successor: Koti Meka
Filed: September 18, 2024, 7:59 PM ET

On September 15, 2024, Jonathan Maroko notified Faraday Future Intelligent Electric Inc. (the “Company”) of his decision to resign from his position as Interim Chief Financial Officer of the Company, effective September 20, 2024.

Appointed

Koti Meka

Chief Financial Officer

FFAI · FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Effective: 2024-09-23
Filed: September 18, 2024, 7:59 PM ET

On September 17, 2024, the Board of Directors (the “Board”) of the Company appointed Koti Meka as the Company’s Chief Financial Officer and principal financial officer, effective September 23, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan Maroko resigned as Interim Chief Financial Officer at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: resigned
Role: Interim Chief Financial Officer

Exact text from the filing

On September 15, 2024, Jonathan Maroko notified Faraday Future Intelligent Electric Inc. (the “Company”) of his decision to resign from his position as Interim Chief Financial Officer of the Company, effective September 20, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Koti Meka was appointed as Chief Financial Officer at FARADAY FUTURE INTELLIGENT ELECTRIC INC..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On September 17, 2024, the Board of Directors (the “Board”) of the Company appointed Koti Meka as the Company’s Chief Financial Officer and principal financial officer, effective September 23, 2024.

View on SEC.gov

FARADAY FUTURE INTELLIGENT ELECTRIC INC. filing history →

Source: SEC EDGAR

accession 0001213900-24-079952

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