Form 8-K Lordstown Motors Corp. For: Aug 26
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Lordstown (RIDE) Surges After Naming Daniel Ninivaggi as CEO
August 26, 2021 10:12 AM EDTLordstown Motors (NASDAQ: RIDE) announced today that its Board of Directors has appointed Daniel A. Ninivaggi as CEO and as a member of the Board, effective immediately. Shares of the company surged nearly 30% higher following the news but remain 60% lower year-to-date.
Ninivaggis takes over for the company's founder and largest shareholder Steve Burns, who resigned as chief executive officer in June following the board's conclusions from an internal investigation into claims made by short-seller Hindenburg Research.
Ninivaggi is the former CEO of... More
