Polar Power appoints Michael Field as independent director and compensation committee chair

Polar Power, Inc.

Michael Field appointed to board effective July 25, 2024; fills vacancy from Peter Gross's resignation.
Field to serve as audit committee member, chair of compensation and nominating/corporate governance committees.
Annual director fee of $30,000 paid quarterly; option to receive 18,750 shares per quarter instead of cash in first year.
Field is President and CEO of The Raymond Corporation with 40 years in global manufacturing and engineering.
Appointment brings number of independent directors to three.

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

Peter Gross

Director

POLA · Polar Power, Inc.

Successor: Michael G. Field
Filed: July 30, 2024, 7:59 PM ET

As previously disclosed, Peter Gross, a member of the Board of Directors (the “Board”) of Polar Power, Inc. (the “Company”), resigned as a member of the Board of Directors of the Company.

Appointed

Michael G. Field

Director

POLA · Polar Power, Inc.

Effective: 2024-07-25
Filed: July 30, 2024, 7:59 PM ET

The remaining members of the Board appointed and ratified Mr. Michael G. Field, to serve as a member of the Board, effective as of July 25, 2024, and to assume the position of Mr. Gross as a member of the audit committee, chair of the compensation committee and chair of the nominating and corporate governance committee of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Gross resigned as Director at Polar Power, Inc..

Action: resigned
Role: Director

Exact text from the filing

As previously disclosed, Peter Gross, a member of the Board of Directors (the “Board”) of Polar Power, Inc. (the “Company”), resigned as a member of the Board of Directors of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael G. Field was appointed as Director at Polar Power, Inc..

Action: appointed
Role: Director

Exact text from the filing

The remaining members of the Board appointed and ratified Mr. Michael G. Field, to serve as a member of the Board, effective as of July 25, 2024, and to assume the position of Mr. Gross as a member of the audit committee, chair of the compensation committee and chair of the nominating and corporate governance committee of the Board.

View on SEC.gov

Polar Power, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-029599

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