secwatch.observer — SEC 8-K summary
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Issuer:     Luminar Technologies, Inc./DE (—)
CIK:        0001758057
Form:       8-K/A
Filed at:   2025-05-27T23:59:59+00:00
Accession:  0001628280-25-027955
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Paul Ricci officially appointed May 27; $600K salary, $600K target bonus, equity grants totaling ~2.1M RSUs
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- Base salary $600K; target annual bonus $600K (100% of base).
- Standard equity award: 1,640,758 RSUs (50% time-based, 50% performance-based on market cap goals).
- Signing equity award: 468,788 fully vested RSUs subject to 12-month clawback for cause or resignation without good reason.
- Non-CIC severance: 1.5× base+bonus for 18 months, 12 months equity vesting acceleration, COBRA.
- CIC severance: 2.0× base+bonus for 24 months, 100% equity vesting acceleration, COBRA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758057/000162828025027955/0001628280-25-027955-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758057/000162828025027955/lazr-20250514.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-027955

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