Northern Genesis Acquisition Corp. III filed SEC Form 8-K: Leadership Update
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective May 8, 2022, the Board of Directors (the “Board”) of Northern Genesis Acquisition Corp. III (the “Company”) effected the following realignment of its executive offices and executive officers:
| ● | In the interest of efficiency, the Board determined it appropriate to eliminate the separate office of "Chief Executive Officer". Following the elimination of such office, Mr. Ian Robertson ceased to serve as an executive officer of the Company but will continue to serve as a director of the Company and will continue in his current role as the Chair of the Transaction Evaluation Committee of the Board of Directors; and |
| ● | Mr. Michael Hoffman, as the current President of the Company, assumed the roles and responsibilities of the chief executive officer of the Company and was designated as the principal executive officer of the Company for SEC reporting purposes. |
The realignment was approved by the Company’s Board of Directors in support of the Company’s objectives with respect to the pursuit of an initial business combination. The information required by Items 401(b), (d) and (e) of Regulation S-K for each of the former and current executive officers named above was previously reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, which was filed with the Securities and Exchange Commission on April 12, 2022 (the “Form 10-K”). There are no family relationships between any of the persons named above and any other director or executive officer of the Company, and other than as reported in the Form 10-K, none of the persons named above has a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Cautionary Statements Regarding Forward-Looking Statements
This Current Report on Form 8-K includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other similar expressions. These statements are based on current expectations on the date of this Form 8-K and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.
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SIGNATURE
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.
Dated: May 9, 2022
| NORTHERN GENESIS ACQUISITION CORP. III | |||
| By: | /s/ Ken Manget | ||
| Name: | Ken Manget | ||
| Title: | Chief Financial Officer | ||
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