Xos Inc. Enters New Employment Agreements with CEO Semler and COO Sordoni; Shareholders Approve Equity Plan Amendment

Xos, Inc.

On June 26, 2025, Xos entered employment agreements with CEO Dakota Semler and COO Giordano Sordoni, replacing prior offer letters from 2016.
Agreements provide annual base salary of $450,000 and target short-term incentive bonus of 100% of base salary for each executive.
Severance includes 12 months base salary, average or target STIP bonus, pro-rata bonus, healthcare premium payments, and full acceleration of equity awards.
At June 24 annual meeting, shareholders re-elected directors Ed Rapp and Michael Richardson, ratified Grant Thornton LLP as auditor, and approved a 3.1 million share increase to the 2021 equity plan.
Shareholder votes: 3,489,533 for Rapp; 3,499,197 for Richardson; 4,765,757 for auditor; 3,315,487 for equity plan amendment.

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