secwatch.observer — SEC 8-K summary
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Issuer:     Xos, Inc. (XOS)
CIK:        0001819493
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001819493-24-000135
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xos stockholders approve 2021 equity plan amendment, increasing share reserve by 1.18M shares
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- Stockholders approved Amended and Restated 2021 Equity Incentive Plan at annual meeting on June 24, 2024.
- Share reserve increased by 1,180,819 shares to 2,578,533 shares total under the plan.
- Plan includes automatic annual increase of 5% of outstanding shares on Jan 1 each year through 2031.
- Incentive stock option limit set at 2,000,000 shares; non-employee director compensation cap of $1M/year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819493/000181949324000135/0001819493-24-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819493/000181949324000135/xos-20240624.htm
  HTML page:      https://secwatch.observer/filing/0001819493-24-000135

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