secwatch.observer — SEC 8-K summary
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Issuer:     Lucid Group, Inc. (LCID)
CIK:        0001811210
Form:       8-K
Filed at:   2025-02-25T23:59:59+00:00
Accession:  0001628280-25-007722
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lucid CEO Peter Rawlinson resigns; COO Marc Winterhoff named interim CEO
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- Peter Rawlinson resigned as CEO and CTO effective Feb 21, 2025; becomes Strategic Technical Advisor to Chairman.
- Marc Winterhoff, COO since Dec 2023, appointed Interim CEO; Board begins search for permanent CEO.
- Rawlinson receives $120K/month consulting fee, $2M RSU grant, and other benefits through Feb 2027.
- Winterhoff receives $20K/month stipend, $4M RSU grant, and enhanced severance (12 months from 9).
- Transition part of regular succession planning; Rawlinson says Lucid Gravity launch milestone for stepping aside.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811210/000162828025007722/0001628280-25-007722-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811210/000162828025007722/lcid-20250221.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-007722

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer