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Archer Aviation | 8-K: Current report

SEC announcement · Mar 29 16:28

ACHR +1.24%

Summary by Moomoo AI

Archer Aviation Inc. has announced significant changes to its executive team, effective March 25, 2024. Thomas Muniz, previously the Chief Operating Officer, has transitioned to the role of Chief Technology Officer, continuing to report directly to the CEO. Additionally, on March 28, 2024, Andy Missan moved from his position as Chief Legal Officer to become a Senior Advisor to the CEO for a one-year term. Eric Lentell, formerly Deputy General Counsel, has been promoted to General Counsel, taking over the company's legal function. Concurrent with these changes, Archer Aviation entered into a transition and an advisory services agreement with Mr. Missan in early February, which includes a general release and waiver of claims, compensation, benefits, and continued vesting while he serves as an advisor. Details of these agreements will be included in the company's upcoming Quarterly Report on Form 10-Q for the quarter ending March 31, 2024.

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