TuSimple appoints Reed Werner to board, Gov Security Committee; Mo Chen not seeking re-election
TuSimple Holdings Inc.
Reed Werner appointed to Board effective April 23, 2022, serving as Security Director under Feb 2022 NSA and chair of new Government Security Committee.
Brad Buss appointed Lead Independent Director per Corporate Governance Guidelines.
Mo Chen will not stand for re-election at 2022 annual meeting; no disagreement with company operations.
Non-Employee Director Compensation Policy amended: annual cash retainers $50k base; committee chairs $10k-$32.5k; Lead Independent Director $20k.
Werner receives $250k cash payment (pro-rated) instead of equity award; other non-employee directors get $250k RSU annual grant vesting over one year.
On April 23, 2022, the board of directors (the “Board”) of TuSimple Holdings Inc. (the “Company”), appointed Reed Werner to fill the vacancy on the Board, effective immediately.
Additionally, on April 23, 2022, Brad Buss was appointed to serve as the Company’s Lead Independent Director pursuant to the Company’s Corporate Governance Guidelines.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Mo Chen departed as Director at TuSimple Holdings Inc..
Action
decided not to stand for re-election
Role
Director
Exact text from the filing
In addition, on April 27, 2022, Mo Chen decided not to stand for re-election as a director at the Company’s next annual meeting of stockholders.
Reed Werner was appointed as Director at TuSimple Holdings Inc..
Action
appointed
Role
Director
Exact text from the filing
On April 23, 2022, the board of directors (the “Board”) of TuSimple Holdings Inc. (the “Company”), appointed Reed Werner to fill the vacancy on the Board, effective immediately.
Brad Buss was appointed as Lead Independent Director at TuSimple Holdings Inc..
Action
appointed
Role
Lead Independent Director
Exact text from the filing
Additionally, on April 23, 2022, Brad Buss was appointed to serve as the Company’s Lead Independent Director pursuant to the Company’s Corporate Governance Guidelines.
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