Xos Inc.
07/23/2024 | Press release | Distributed by Public on 07/23/2024 15:18
Management Change/Compensation Form 8 K
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 24, 2024, Xos, Inc. (the "Company") held its 2024 annual meeting of stockholders (the "Annual Meeting"). At the Annual Meeting, the Company's stockholders considered and approved the Amended and Restated 2021 Equity Incentive Plan (as amended, the "2021 Plan") to increase the aggregate number of shares of the Company's common stock reserved for issuance under the 2021 Equity Incentive Plan by 1,180,819 shares. The 2021 Plan was previously approved, subject to stockholder approval, by the Company's Board of Directors on April 25, 2024.
A description of the 2021 Plan is included in the Company's definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 29, 2024, which is incorporated herein by reference. The foregoing description of the 2021 Plan is qualified in its entirety by the full text of the 2021 Plan, which is filed hereto as Exhibit 10.1 and incorporated herein by reference.