• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Lordstown Motors Corp. filed SEC Form 8-K: Leadership Update

    1/4/24 4:26:40 PM ET
    $RIDE
    Auto Manufacturing
    Consumer Discretionary
    Get the next $RIDE alert in real time by email
    8-K 1 tm242109d1_8k.htm FORM 8-K

     

     

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    FORM 8-K

     

    CURRENT REPORT

    PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934

     

    Date of Report (Date of earliest event reported): December 29, 2023

     

    LORDSTOWN MOTORS CORP.

    (Exact name of registrant as specified in its charter)

     

    Delaware 001-38821 83-2533239
    (State or other jurisdiction
    of incorporation)
    (Commission
    File Number)
    (IRS Employer
    Identification No.)

     

    2300 Hallock Young Road

    Lordstown, Ohio 44481

    (Address of principal executive offices, including zip code)

     

    Registrant’s telephone number, including area code: (234) 285-4001

     

    N/A

    (Former name or former address, if changed since last report)

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class   Trading
    Symbol(s)
      Name of each exchange on which
    registered
    Class A common stock, par value $0.0001 per share   RIDEQ   *

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

     

    Emerging growth company ¨

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

     

          * The registrant’s Class A common stock began trading exclusively on the over-the-counter market on July 7, 2023 under the symbol “RIDEQ.” The NASDAQ Global Select Market filed a Form 25 with the Securities and Exchange Commission on July 27, 2023 to remove the registrant’s Class A common stock from listing and registration on the NASDAQ Global Select Market. Delisting became effective ten days thereafter and deregistration under Section 12(b) of the Act will become effective 90 days later.

     

     

     

     

     

     

    Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

     

    As previously disclosed, on June 27, 2023 (the “Petition Date”), Lordstown Motors Corp., a Delaware corporation (the “Company”), and its subsidiaries (collectively, the “Debtors”), commenced voluntary proceedings under chapter 11 (“Chapter 11”) of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The Chapter 11 proceedings are being jointly administered under the caption In re: Lordstown Motors Corp., et al., Cases No. 23-10831 through 23-10833 (the “Chapter 11 Cases”).

     

    The employment of Melissa Leonard, the Debtors’ Executive Vice President, General Counsel and Corporate Secretary, was terminated on December 29, 2023. The Debtors have entered into an agreement with Ms. Leonard on the previously disclosed terms to settle severance obligations under the Debtors’ employment agreements with executive officers that were approved by the Bankruptcy Court on November 29, 2023. Ms. Leonard will continue to provide support to the Debtors through a consulting arrangement set forth in the agreement and otherwise through resuming her role as a partner at Baker & Hostetler LLP.

     

     

     

     

    SIGNATURES

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

      LORDSTOWN MOTORS CORP.
         
      By: /s/ Adam Kroll
      Name: Adam Kroll
    Date: January 4, 2024 Title: Chief Financial Officer

     

     

     

    Get the next $RIDE alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $RIDE

    DatePrice TargetRatingAnalyst
    5/10/2022$4.00 → $1.00Hold → Sell
    R. F. Lafferty
    3/1/2022$2.50 → $2.00Sell
    Goldman Sachs
    3/1/2022$2.50 → $1.50Underperform
    RBC Capital
    11/12/2021$3.00 → $7.00Sell → Hold
    R. F. Lafferty
    11/12/2021Buy → Neutral
    BTIG
    10/5/2021$8.00 → $2.00Equal-Weight → Underweight
    Morgan Stanley
    10/4/2021$1.00 → $5.00Underperform
    RBC Capital
    10/1/2021$8.00Equal-Weight
    Morgan Stanley
    More analyst ratings

    $RIDE
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Labaton Keller Sucharow LLP Announces Proposed Settlement on Behalf of Purchasers of Lordstown Motors Corp. Securities - RIDE RIDEW

      WILMINGTON, Del., April 5, 2024 /PRNewswire/ -- Labaton Keller Sucharow LLP announce that the United States Bankruptcy Court for the District of Delaware has approved the following announcement of a proposed settlement that would benefit purchasers of Lordstown Motors Corp. (NASDAQ:RIDE) (NASDAQ:RIDEW): SUMMARY NOTICE OF CERTIFICATION OF SETTLEMENT CLASS AND PROPOSED SETTLEMENT If you purchased the publicly traded securities of Lordstown Motors Corp. ("LMC") during the period from August 3, 2020 through July 2, 2021, and/or held LMC's publicly traded Class A Common Stock on September 21, 2020, and were damaged thereby, you may be entitled to a payment from a settlement. YOU ARE HEREBY NOTIF

      4/5/24 9:00:00 AM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
    • Lordstown Receives Approval of First Day Motions

      Enables uninterrupted continuation of business operations and commitments to stakeholders  LORDSTOWN, Ohio, June 28, 2023 /PRNewswire/ -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown" or the "Company"), today announced that the United States Bankruptcy Court for the District of Delaware (the "Court") entered orders (or indicated it would enter orders) granting approval, on an interim or final basis (as applicable to the requested relief), of all of the Company's "first day" motions filed in its chapter 11 cases (the "Chapter 11 Cases") on June 27, 2023 (the "Petition Date"). 

      6/28/23 9:23:00 PM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
    • Lordstown Motors Announces Strategic Restructuring Process

      Files Complaint Against Foxconn that Details Fraud, Bad Faith and Repeated Contractual Breaches Leading to Value Destruction Commences Comprehensive Sale Process for Endurance Truck and Related EV Assets Files Chapter 11 to Implement Restructuring in Efficient Manner Company is Debt-Free and Continues to Operate with Significant Cash-on-Hand LORDSTOWN, Ohio, June 27, 2023 /PRNewswire/ -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown" or the "Company"), an original equipment manufacturer (OEM) of electric light-duty vehicles focused on the commercial fleet market, today announced a strategic restructuring process to maximize the value of its assets: its on-the-road Endurance all-electric

      6/27/23 12:59:00 AM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary

    $RIDE
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Lordstown Motors downgraded by R. F. Lafferty with a new price target

      R. F. Lafferty downgraded Lordstown Motors from Hold to Sell and set a new price target of $1.00 from $4.00 previously

      5/10/22 9:25:16 AM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
    • Goldman Sachs reiterated coverage on Lordstown Motors with a new price target

      Goldman Sachs reiterated coverage of Lordstown Motors with a rating of Sell and set a new price target of $2.00 from $2.50 previously

      3/1/22 10:26:48 AM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
    • RBC Capital reiterated coverage on Lordstown Motors with a new price target

      RBC Capital reiterated coverage of Lordstown Motors with a rating of Underperform and set a new price target of $1.50 from $2.50 previously

      3/1/22 9:02:50 AM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary

    $RIDE
    SEC Filings

    See more
    • Lordstown Motors Corp. filed SEC Form 8-K: Regulation FD Disclosure

      8-K - Lordstown Motors Corp. (0001759546) (Filer)

      2/1/24 6:30:19 AM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
    • Lordstown Motors Corp. filed SEC Form 8-K: Regulation FD Disclosure

      8-K - Lordstown Motors Corp. (0001759546) (Filer)

      1/9/24 7:56:01 AM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
    • Lordstown Motors Corp. filed SEC Form 8-K: Leadership Update

      8-K - Lordstown Motors Corp. (0001759546) (Filer)

      1/4/24 4:26:40 PM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary

    $RIDE
    Leadership Updates

    Live Leadership Updates

    See more
    • Lordstown Motors Stockholders Elect Two New Independent Directors

      Appoints Daniel Ninivaggi as Chairman of the Board LORDSTOWN, Ohio, May 19, 2022 /PRNewswire/ -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors"), an original equipment manufacturer (OEM) of electric light duty trucks focused on the commercial fleet market, announced today that at its annual meeting of stockholders, Joseph B. Anderson, Jr., Laura J. Soave and Angela Strand were elected as independent directors.  Mr. Anderson and Ms. Soave are new directors, and each has extensive experience in the global automotive industry.  Incumbent director Ms. Strand is joining the Compensation Committee, Mr. Anderson will serve as a member of the Audit Committee and Ms. Soave will serve on th

      5/19/22 4:05:00 PM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
    • Faraday Future Announces Management Transition

      Appoints Becky Roof as Interim Chief Financial Officer (CFO) and Engages AlixPartners to Accelerate Implementation of Special Committee Recommendations Faraday Future Intelligent Electric Inc. ("FF") (NASDAQ:FFIE), a California-based global shared intelligent electric mobility ecosystem company, today announced the appointment of Becky Roof as interim Chief Financial Officer, and the engagement of AlixPartners, LLP. Effective immediately, Ms. Roof will replace Walter J. ("Chuck") McBride, who has stepped down from his position for health reasons. Sue Swenson, Executive Chairperson of Faraday Future, said, "As we push to accelerate our remediation plan and strengthen the Company's financ

      3/1/22 7:15:00 PM ET
      $FFIE
      $KODK
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
      Industrial Machinery/Components
    • Lordstown Motors Appoints Melissa Leonard as Executive Vice President, General Counsel & Secretary

      LORDSTOWN, Ohio, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. ("Lordstown Motors" or "LMC") (NASDAQ:RIDE) announced today that its Board of Directors has elected Melissa Leonard as Executive Vice President, effective January 1, 2022. Ms. Leonard will replace Tom Canepa, LMC's current General Counsel & Secretary, who is leaving to pursue other opportunities. Ms. Leonard was co-leader of the Mergers and Acquisitions team for Baker & Hostetler LLP, where she has served as outside counsel to the Company since 2019. Ms. Leonard has been a corporate and transactional attorney at Baker & Hostetler LLP since 1995 and has extensive legal experience with mergers and acquisitions, financ

      12/21/21 8:14:02 AM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary

    $RIDE
    Financials

    Live finance-specific insights

    See more
    • Lordstown Motors Reports Fourth Quarter and Fiscal Year 2022 Financial Results

      LORDSTOWN, Ohio, March 06, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), an original equipment manufacturer ("OEM") of electric light duty vehicles focused on the commercial fleet market, today released its fourth quarter and fiscal year 2022 financial results and provided a business update. Fourth Quarter and Recent Business Highlights Foxconn Investment of up to $170 million, subject to certain conditions; initial $52 million fundedProgressed pre-development work on the new program in collaboration with Foxconn EV EcosystemStart of commercial sales of the EnduranceTM, an electric full-size pickup truckSupplier quality and performance issues have limited production and

      3/6/23 7:30:00 AM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
    • Lordstown Motors Announces Production and Delivery Pause to Address Quality Issues, Voluntary Recall, and Timing of Fiscal Year 2022 Financial Results and Webcast

      LORDSTOWN, Ohio, Feb. 23, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors," "LMC" or the "Company"), an original equipment manufacturer (OEM) of electric vehicles focused on the commercial fleet market, today announced that it will release its fiscal year 2022 financial results before market open on Monday, March 6, 2023. The Company will then host a conference call at 8:30 a.m. Eastern Time. Lordstown Motors Corp. also announced today that it has experienced performance and quality issues with certain Endurance components that have led the company to temporarily stop production and customer deliveries since our last production update in January. The te

      2/23/23 8:30:00 AM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
    • Lordstown Motors Announces Timing of Third Quarter 2022 Financial Results and Webcast

      LORDSTOWN, Ohio, Oct. 14, 2022 /PRNewswire/ -- Lordstown Motors Corp. (NASDAQ:RIDE), ("Lordstown Motors"), an original equipment manufacturer (OEM) of electric vehicles focused on the commercial fleet market, today announced that it will release its third quarter 2022 financial results before market open on Tuesday, November 8, 2022. The company will then host a conference call at 8:30 a.m. Eastern Time. The call can be accessed via a live webcast accessible on the Events page of Lordstown Motors' Investor Relations website at https://investor.lordstownmotors.com/. An archive

      10/14/22 5:00:00 PM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary

    $RIDE
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4 filed by Hamamoto David T

      4 - Lordstown Motors Corp. (0001759546) (Issuer)

      5/22/23 5:57:32 PM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
    • SEC Form 4 filed by Anderson Joseph B Jr

      4 - Lordstown Motors Corp. (0001759546) (Issuer)

      5/22/23 5:55:20 PM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
    • SEC Form 4 filed by Soave Laura J.

      4 - Lordstown Motors Corp. (0001759546) (Issuer)

      5/22/23 5:53:02 PM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary

    $RIDE
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13D/A filed by Lordstown Motors Corp. (Amendment)

      SC 13D/A - Lordstown Motors Corp. (0001759546) (Subject)

      6/21/23 4:41:13 PM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
    • SEC Form SC 13D/A filed by Lordstown Motors Corp. (Amendment)

      SC 13D/A - Lordstown Motors Corp. (0001759546) (Subject)

      5/18/23 5:18:56 PM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary
    • SEC Form SC 13D/A filed by Lordstown Motors Corp. (Amendment)

      SC 13D/A - Lordstown Motors Corp. (0001759546) (Subject)

      5/5/23 12:47:18 PM ET
      $RIDE
      Auto Manufacturing
      Consumer Discretionary