FARADAY FUTURE INTELLIGENT ELECTRIC INC.
For the period ended Jul 31, 2024. Filed Jul 5, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jul 31, 2024 · Filed Jul 5, 2024
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Contents
EXECUTIVE AND DIRECTOR COMPENSATION
This section discusses the material components of the executive compensation program for certain of FF’s executive officers and directors. The share amounts discussed in this section have been adjusted to reflect the 1-for-80 reverse stock split effective August 28, 2023 and the 1-for-3 reverse stock split effective February 29, 2024. As an “emerging growth company” as defined in the JOBS Act, FF is not required to include a Compensation Discussion and Analysis section and has elected to apply the scaled back disclosure requirements applicable to emerging growth companies, which require compensation disclosure for all individuals who served as FF’s principal executive officer during 2023, its two most highly compensated executive officers (other than the principal executive officer) whose total compensation for 2023 exceeded $100,000 and who were serving as executive officers as of December 31, 2023 and two additional individuals for whom disclosure would have been provided but for the fact that such individual was not serving as an executive officer at the end of 2023. We refer to these individuals as “named executive officers.” For 2023, FF’s named executive officers and the positions each held as of December 31, 2023 were:
Mr. Matthias Aydt, Global Chief Executive Officer(1)
Mr. Xuefeng (XF) Chen, former Global Chief Executive Officer(2)
Ms. Yun Han, Former Chief Accounting Officer and Former Interim Chief Financial Officer(3)
Mr. Chui Tin Mok, Global Executive Vice President and Global Head of User Ecosystem
Mr. YT Jia, Chief Product and User Ecosystem Officer
(1) Mr. Aydt was appointed Global Chief Executive Officer effective September 29, 2023.
(2) Mr. XF Chen resigned from his position as Global Chief Executive Officer effective September 29, 2023.
(3) Ms. Han resigned from her position as Interim Chief Financial Officer of the Company effective July 5, 2023. Ms. Han resi gned from her position as Chief Accounting Officer of the Company effective February 2, 2024.
We expect that FF’s executive compensation program will continue to evolve to reflect FF’s status as a newly publicly-traded company, while still supporting FF’s overall business and compensation objectives of attracting, motivating and retaining individuals who contribute to the long-term success of FF. The Compensation Committee of the Board is responsible for administering FF’s executive compensation program.
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