---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-048101"
form_type: "8-K"
ticker: null
cik: "0001758057"
company_name: "Luminar Technologies, Inc./DE"
filed_at: "2024-11-15T23:59:59+00:00"
generated_at: "2026-05-29T23:50:30.450739+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Luminar to effect 1-for-15 reverse stock split on Nov 20, adds director, settles suit

## Summary
- Dominick Schiano elected to board as Class III director; board expands to 9; he joins Audit Committee.
- 1-for-15 reverse stock split approved; effective 5:01 PM ET Nov 20; trading on split-adjusted basis Nov 21 under LAZR.
- Shareholder class action over board nomination bylaw settled; company pays $125,000 to plaintiff's counsel.
- Reverse split authorized by stockholders on Oct 30; no fractional shares; cash in lieu based on Nov 20 close.

## SEC filing metadata
- accession: 0001628280-24-048101
- form_type: 8-K
- cik: 0001758057
- company_name: Luminar Technologies, Inc./DE
- filed_at: 2024-11-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1758057/000162828024048101/0001628280-24-048101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1758057/000162828024048101/lazr-20241113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-048101
- JSON: https://secwatch.observer/filing/0001628280-24-048101.json
- Plain text: https://secwatch.observer/filing/0001628280-24-048101.txt

## Key facts
- Executive change
  Dominick Schiano was elected as Director at Luminar Technologies, Inc./DE.
  - Action: elected
  - Role: Director
  source text: elected Dominick Schiano to the Board to fill the vacancy created by an increase in the size of the Board from eight to nine members
  evidence_url: https://www.sec.gov/Archives/edgar/data/1758057/000162828024048101/0001628280-24-048101-index.htm

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