HYLIION HOLDINGS CORP.
Date Filed : Oct 14, 2021
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unitedstates
SECURITIESAND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the SecuritiesExchange Act of 1934
Dateof Report (Date of earliest event reported): October 13, 2021
HyliionHoldings Corp.
(Exact name of registrant as specified in itscharter)
Delaware | | 001-38823 | | 82-2538002 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
1202 BMC Drive, Suite 100 Cedar Park, TX | | 78613 |
(Address of principal executive offices) | | (Zip Code) |
(833) 495-4466
(Registrant’s telephone number, includingarea code)
N/A
(Former name or former address, if changed sincelast report.)
Check the appropriate box below if the Form 8-K filing is intendedto simultaneously satisfy the filing obligations 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 |
Common Stock, $0.0001 par value per share | | HYLN | | New York Stock Exchange |
Indicate by check mark whether the registrantis an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accountingstandards provided pursuant to Section 13(a) of the Exchange Act.
Item5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Patrick Sexton has served as Chief TechnologyOfficer of Hyliion Holdings Corp. (the “Company”) since December 2020. During that time, Mr. Sexton and the Company’sBoard of Directors have considered the appropriate scope of duties and responsibilities for this role and have decided that the ChiefTechnology Officer’s primary focus moving forward will be on forward-looking product strategies and development. The Company’snewly hired Vice President of Engineering, Shiva Duraiswamy, will primarily focus on commercialization.
In light of these decisions, on October 13,2021, the Company and Mr. Sexton entered into an amendment to that certain employment agreement, entered into on December 2, 2020 andretroactively effective as of October 1, 2020, the material terms of which were previously described in a Current Report on Form 8-Kfiled with the Securities and Exchange Commission on December 7, 2020. The amendment sets Mr. Sexton’s annual base annual salaryat $325,000.
The foregoing is only a brief description ofthe above-specified compensatory arrangement, which does not purport to be a complete description of the rights and obligations of theparties thereunder and is qualified in its entirety by reference to the amendment to Mr. Sexton’s employment agreement, which isattached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
SIGNATURES
Pursuant to the requirementsof the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereuntoduly authorized.
| HYLIION HOLDINGS CORP. |
| | |
| By: | /s/ Thomas Healy |
Date: October 13, 2021 | | Thomas J. Healy |
| | Founder and CEO |
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