---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-029599"
form_type: "8-K"
ticker: "POLA"
cik: "0001622345"
company_name: "Polar Power, Inc."
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:19:06.988171+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-029599
- form_type: 8-K
- ticker: POLA
- cik: 0001622345
- company_name: Polar Power, Inc.
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1622345/000149315224029599/0001493152-24-029599-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1622345/000149315224029599/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-029599
- JSON: https://secwatch.observer/filing/0001493152-24-029599.json
- Plain text: https://secwatch.observer/filing/0001493152-24-029599.txt

## Key facts
- Executive change
  Peter Gross resigned as Director at Polar Power, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622345/000149315224029599/0001493152-24-029599-index.htm
- Executive change
  Michael G. Field was appointed as Director at Polar Power, Inc..
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1622345/000149315224029599/0001493152-24-029599-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.