Hyliion hires Dennis M. Gallagher as COO effective Aug 16, 2021, with $500K base salary

Hyliion Holdings Corp.

Dennis M. Gallagher appointed COO, effective August 16, 2021; previously President of Jacobs Vehicle Systems.
Employment agreement: three-year term, annual base salary $500,000, target annual cash bonus 75% of base.
Sign-on bonus of $100,000 (repayable if terminated for cause or leaves within one year).
Equity grants: $235,324 immediate vested stock award + $441,606 three-year vest stock award; annual time-based RSU target $700,000.
One-time performance-based RSU award with target of 250,000 shares vesting based on criteria through Dec 31, 2024.

item 5.02

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Appointed

Dennis M. Gallagher

Chief Operating Officer

HYLN · Hyliion Holdings Corp.

Effective: 2021-08-16
Filed: August 16, 2021, 7:59 PM ET

On August 10, 2021, Hyliion Holdings Corp. (the “Company,” “its,” “we,” “our,” or “us”) entered into an employment agreement, effective August 16, 2021, with Dennis M. Gallagher who will serve as our Chief Operating Officer.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Dennis M. Gallagher was appointed as Chief Operating Officer at Hyliion Holdings Corp..

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

On August 10, 2021, Hyliion Holdings Corp. (the “Company,” “its,” “we,” “our,” or “us”) entered into an employment agreement, effective August 16, 2021, with Dennis M. Gallagher who will serve as our Chief Operating Officer.

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Source: SEC EDGAR

accession 0001759631-21-000040

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