Xos director Ansari resigns; acting CFO Pogosyan gets change-of-control severance

Xos, Inc.

Director Anousheh Ansari resigned effective Nov 16, 2023, not due to any disagreement with Xos.
Xos amended Liana Pogosyan's (acting CFO) offer letter with double-trigger severance on change of control.
Severance includes half base salary, target bonus, and full equity acceleration upon termination without cause or for good reason.
Covered terminations occur from one year before to two years after a change of control.

item 5.02 item 9.01

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Departed

Anousheh Ansari

member of the board of directors

XOS · Xos, Inc.

Effective: 2023-11-16
Filed: November 22, 2023, 6:59 PM ET

On November 16, 2023, Anousheh Ansari informed Xos, Inc. (the "Company") of her resignation as a member of the board of directors of the Company (the "Board"), effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Anousheh Ansari resigned as member of the board of directors at Xos, Inc..

Action: resigned
Role: member of the board of directors

Exact text from the filing

On November 16, 2023, Anousheh Ansari informed Xos, Inc. (the "Company") of her resignation as a member of the board of directors of the Company (the "Board"), effective immediately.

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Xos, Inc. filing history →

Source: SEC EDGAR

accession 0001819493-23-000266

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