secwatch.observer — SEC 8-K summary
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Issuer:     FARADAY FUTURE INTELLIGENT ELECTRIC INC. (FFAI)
CIK:        0001805521
Form:       8-K
Filed at:   2024-09-18T23:59:59+00:00
Accession:  0001213900-24-079952
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805521/000121390024079952/0001213900-24-079952-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805521/000121390024079952/ea0215043-8k_faraday.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-079952

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