---
schema_version: "secwatch.filing_event.v1"
accession: "0001874178-23-000052"
form_type: "8-K"
ticker: "RIVN"
cik: "0001874178"
company_name: "Rivian Automotive, Inc. / DE"
filed_at: "2023-09-29T23:59:59+00:00"
generated_at: "2026-06-10T07:10:23.414843+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Rivian amends Georgia EDA: performance period starts 2030, PILOT payments minimum $300M

## Summary
- Performance period for 7,500 jobs and $5B investment shifted to Dec 31, 2030 – Dec 31, 2047.
- Minimum annual PILOT payments start at $1.5M, rise to $20.4M by 2047; total minimum ~$300M.
- Company may terminate by Apr 1, 2024 if state fails to confirm zoning exemption by Feb 15, 2024.
- Additional termination right by Dec 31, 2024 if loan denied, subject to termination fee and restoration.
- Target closing date for rental agreement and project bonds set for on or about Nov 1, 2023.

## SEC filing metadata
- accession: 0001874178-23-000052
- form_type: 8-K
- ticker: RIVN
- cik: 0001874178
- company_name: Rivian Automotive, Inc. / DE
- filed_at: 2023-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874178/000187417823000052/0001874178-23-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874178/000187417823000052/rivn-20230926.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001874178-23-000052
- JSON: https://secwatch.observer/filing/0001874178-23-000052.json
- Plain text: https://secwatch.observer/filing/0001874178-23-000052.txt

## Key facts
- Material Agreements
  Rivian Automotive, Inc. / DE amended First Amendment to Economic Development Agreement with Joint Development Authority of Jasper County, Morgan County, Newton County and Walton County (effective 2023-09-26).
  - Action: amendment
  - Counterparty: Joint Development Authority of Jasper County, Morgan County, Newton County and Walton County
  - Effective: 2023-09-26
  source text: FIRST AMENDMENT TO ECONOMIC DEVELOPMENT AGREEMENT This FIRST AMENDMENT TO ECONOMIC DEVELOPMENT AGREEMENT (this “Amendment”) is hereby made and entered into and effective as of the 26th day of September, 2023, by and among Rivian Horizon, LLC
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874178/000187417823000052/0001874178-23-000052-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.