Nikola appoints Thomas B. Okray as CFO; salary $695K, 300K RSUs + 600K PSUs

Nikola Corp

Thomas B. Okray named CFO, effective March 4, 2024; previously CFO at Eaton Corporation.
Annual base salary of $695,000; eligible for 300,000 RSUs and 600,000 performance stock units.
Severance includes $1.39M lump sum, 18 months COBRA, and accelerated equity vesting.
One-time taxable relocation bonus of $20,000 plus relocation expense reimbursement.
Okray brings prior CFO experience from Eaton, W.W. Grainger, Advance Auto Parts, and Amazon.

item 5.02 item 9.01

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Appointed

Thomas B. Okray

Chief Financial Officer

Nikola Corp

Effective: 2024-03-04
Filed: March 4, 2024, 6:59 PM ET

On March 3, 2024, the board of directors of Nikola Corporation (the “Company”) appointed Thomas B. Okray to serve as the Company’s Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer, effective March 4, 2024.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Thomas B. Okray was appointed as Chief Financial Officer at Nikola Corp.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On March 3, 2024, the board of directors of Nikola Corporation (the “Company”) appointed Thomas B. Okray to serve as the Company’s Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer, effective March 4, 2024.

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Source: SEC EDGAR

accession 0001731289-24-000076

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