Corporate GovernanceJun 5, 2026, 04:17 PM
Lucid Group Stockholders Approve Stock Plan, Increasing Shares by 23.5M
AI Summary
Lucid Group, Inc. held its Annual Meeting of Stockholders on June 4, 2026. Stockholders approved the Amended and Restated 2021 Stock Incentive Plan, which increases the number of Class A common stock shares available for issuance by 23,500,000. Additionally, nine directors were elected, KPMG LLP was ratified as the independent registered public accounting firm, and the advisory vote on executive compensation was approved.
Key Highlights
- Stockholders approved the Amended and Restated 2021 Stock Incentive Plan.
- Shares available for issuance under the plan increased by 23,500,000.
- Nine director nominees were elected to serve until the 2027 Annual Meeting.
- KPMG LLP was ratified as the independent registered public accounting firm with 300,971,935 votes for.
- Advisory vote on named executive officer compensation was approved with 255,952,612 votes for.
- The amendment and restatement of the Stock Incentive Plan was approved with 253,997,107 votes for.
Price Impact
More from LCID