secwatch.observer — SEC 8-K summary
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Issuer:     Nikola Corp (—)
CIK:        0001731289
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001731289-23-000196
Event type: leadership
Sentiment:  negative
Materiality: 0.85
Item codes: 5.02, 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Nikola appoints Stephen Girsky as CEO after Lohscheller resigns; shareholders approve doubling authorized shares
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- Michael Lohscheller resigned as CEO (effective Aug 4, 2023) and from Board (Aug 31, 2023); stays as advisor through Sep 29.
- Stephen J. Girsky appointed President & CEO, effective Aug 4, with $1M salary, 550k RSUs, and 1M PSUs.
- Steven M. Shindler appointed Chair of Board effective Aug 4, 2023; granted 75,000 RSUs.
- Shareholders approved increasing authorized common shares from 800M to 1.6B and issuance upon conversion of Series B Convertible Notes.
- Annual meeting also approved amendment to 2020 Stock Incentive Plan, advisory vote on exec compensation, and ratified Ernst & Young as auditor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1731289/000173128923000196/0001731289-23-000196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1731289/000173128923000196/nkla-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001731289-23-000196

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