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Lucid Group | 8-K: Lucid Group Approves Discretionary Cash Bonus Payment to Eric Bach in Recognition of Significant Contributions

SEC announcement · Jan 26 16:16

LCID +0.18%

Summary by Moomoo AI

Lucid Group, Inc., a company specializing in electric vehicles, has reported a significant corporate event in a recent Form 8-K filing with the SEC. On November 16, 2023, Lucid Group introduced the Lucid Gravity, a luxury sport utility vehicle, at the Los Angeles Auto Show, marking a key technical and design achievement for the company. Following this, on January 24, 2024, the company's Compensation and Human Capital Committee approved a $1,000,000 discretionary cash bonus for Eric Bach, the Senior Vice President of Product and Chief Engineer, in recognition of his substantial contributions to the development of the Lucid Gravity. This executive compensation decision was disclosed in the filing dated January 26, 2024.

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