secwatch.observer — SEC 8-K summary
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Issuer:     Luminar Technologies, Inc./DE (—)
CIK:        0001758057
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001628280-24-048101
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758057/000162828024048101/0001628280-24-048101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758057/000162828024048101/lazr-20241113.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-048101

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