Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Company held its Annual Meeting on
At the Annual Meeting, the Company's stockholders voted on the following five proposals, each of which is described in more detail in the Proxy Statement. The number of votes cast with respect to each proposal was as indicated below:
1. Election of Directors. The following nine nominees were elected to serve as directors until the Company's 2023 annual meeting of stockholders and until their successors are duly elected and qualified, subject to earlier resignation or removal, based on the following results of voting: Votes Broker Non- Nominee Votes For Withheld Votes Turqi Alnowaiser 1,149,011,471 16,797,406 172,797,405 Glenn R. August 1,158,640,930 7,167,947 172,797,405 Nancy Gioia 1,164,173,137 1,635,740 172,797,405 Frank Lindenberg 1,154,546,580 11,262,297 172,797,405 Andrew Liveris 1,125,641,565 40,167,312 172,797,405 Nichelle Maynard-Elliott 1,163,780,084 2,028,793 172,797,405 Tony Posawatz 1,154,338,692 11,470,185 172,797,405 Peter Rawlinson 1,164,222,387 1,586,490 172,797,405 Janet S. Wong 1,164,003,867 1,805,010 172,797,405 2. Ratification of the Selection of the Independent Registered Public Accounting Firm. The ratification of the selection ofGrant Thornton LLP as the independent registered public accounting firm for the Company for the fiscal year endingDecember 31, 2022 , was ratified based on the following results of voting: Votes For Votes Against Abstentions Broker Non-Votes 1,333,052,235 3,619,398 1,934,649 N/A 3. Advisory Non-Binding Vote Regarding the Company's 2021 Executive Compensation. The results of the advisory vote regarding the Company's 2021 executive compensation as disclosed in the Proxy Statement were as follows: Votes For Votes Against Abstentions Broker Non-Votes 1,150,517,587 14,011,579 1,279,711 172,797,405 4. Advisory Non-Binding Vote Regarding the Frequency of Future Stockholder Advisory Votes on Executive Compensation. The results of the advisory, non-binding vote regarding how frequently the Company's stockholders will vote on the Company's executive compensation were as follows: One Year Two Years Three Years Abstentions Broker Non-Votes 1,145,130,222 863,359 1,815,905 17,999,391 172,797,405 5. Approval of the Amendment of theLucid Group, Inc. 2021 Stock Incentive Plan. The amendment of theLucid Group, Inc. 2021 Stock Incentive Plan was approved, based on the following results of voting: Votes For Votes Against Abstentions Broker Non-Votes 1,121,261,133 42,980,275 1,567,469 172,797,405
In light of the voting results for Proposal No. 4 as disclosed above and the Company's Board of Directors' recommendation that the Company hold an advisory non-binding vote on the compensation of the Company's named executive officers every year, the Company will hold an advisory non-binding vote on the compensation of the Company's named executive officers every year until the next required advisory non-binding vote on the frequency of the advisory non-binding vote on the compensation of the Company's named executive officers.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit Number Description of Exhibit 10.1Lucid Group, Inc. Amended and Restated 2021 Stock Incentive Plan (including theLucid Group, Inc. 2021 Employee Stock Purchase Plan, attached thereto) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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