Management ChangeOct 21, 2026, 08:06 AM
Aptera Motors Extends Interim CFO Tom DaPolito's Contract to Oct 2027
AI Summary
Aptera Motors Corp. has amended the engagement agreement for its Interim Chief Financial Officer, Tom DaPolito. The amendment, effective October 16, 2026, extends his term through October 16, 2027. Additionally, all of Mr. DaPolito's unvested stock options will fully vest upon a change of control, and the post-termination exercise period for vested options is extended to three years, provided the termination is not for Cause.
Key Highlights
- Aptera Motors Corp. amended the engagement letter for Interim CFO Tom DaPolito.
- The amendment extends DaPolito's engagement through October 16, 2027.
- All outstanding and unvested stock options for DaPolito will vest immediately upon a change of control.
- The exercise period for vested stock options is extended to three years post-termination (excluding termination for Cause).
Price Impact
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