UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
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SES AI Corporation
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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 ☐
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 31, 2023, Kent Helfrich informed SES AI Corporation (the “Company”) of his decision to resign from his position as a member of the Board of Directors (the “Board”), effective immediately.
Mr. Helfrich was nominated to serve on the Board by General Motors Ventures LLC (“GM Ventures”) as a Class II director pursuant to a Director Nomination Agreement that the Company entered into with GM Ventures dated as of July 12, 2021 (the “Director Nomination Agreement”). In tendering his resignation, Mr. Helfrich indicated that his departure was due to his retirement from General Motors Company and not due to any disagreement relating to the Company’s management, board of directors, operations, policies or practices. Pursuant to the Director Nomination Agreement, GM Ventures has the right to fill the vacancy created by Mr. Helfrich’s resignation, and GM Ventures designated Anirvan Coomer to fill such vacancy.
On November 2, 2023, the Board appointed Mr. Coomer to serve as a Class II director, effective immediately.
Mr. Coomer has not been appointed to serve on any committees of the Board and will not receive compensation for his service on the Board. Other than the Director Nomination Agreement, there are no arrangements or understandings between Mr. Coomer and any other person pursuant to which Mr. Coomer was selected as a director.
In connection with the appointment, the Company will enter into its standard form of director indemnification agreement with Mr. Coomer, the form of which is filed as Exhibit 10.2 to the Company’s Current Report on Form 8-K filed on February 8, 2022. Mr. Coomer is not a participant in any related party transactions required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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