UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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.
On December 7, 2022, the board of directors (the “Board”) of TuSimple Holdings Inc. (the “Company”), appointed James Lu to the Board, effective immediately. Mr. Lu will serve until the Company’s 2023 annual meeting of stockholders and until his successor is elected and qualified. The Board has determined that Mr. Lu meets the requirements for independence under the Securities Exchange Act of 1934, as amended, and under the applicable listing standards of The Nasdaq Stock Market.
Mr. Lu will enter into the Company’s standard form of indemnification agreement filed as Exhibit 10.1 to the Company’s registration statement on Form S-1, filed with the SEC on March 23, 2021.
There are no arrangements or understandings between Mr. Lu and any other persons pursuant to which he was elected as a member of the Board. There are no family relationships between Mr. Lu and any director, executive officer, or any person nominated or chosen by the Company to become a director or executive officer. Mr. Lu is not a party to any current or proposed transaction with the Company for which disclosure is required under Item 404(a) of Regulation S-K.
Item 7.01. Regulation FD Disclosure.
The Company issued a press release in connection with the foregoing appointment. A copy of this press release is furnished as Exhibit 99.1 to this report on Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 | Press Release issued by TuSimple Holdings Inc. on December 12, 2022. | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TuSimple Holdings Inc. | ||
| By: | /s/ Eric Tapia | |
| Eric Tapia | ||
| Interim Chief Financial Officer | ||
Dated: December 12, 2022
Exhibit 99.1
TuSimple Appoints Independent Director to its Board
SAN DIEGO, December 12, 2022 – TuSimple (Nasdaq:TSP), a global autonomous driving technology company, today announced the appointment of James Lu to its Board of Directors as an Independent Director. Lu brings more than 20 years of experience in the technology sector as a seasoned entrepreneur, executive, and investor.
Lu serves as the Chairperson of Grindr, the world’s largest LGBTQ social dating application. In addition, Mr. Lu is Director, Chairman and Chief Executive Officer of Life Concepts Holdings Limited, an investment company mainly engaged in restaurant operations; Director of Fusion Media Limited, an Internet publishing company; and Director of Global Commerce Technology Limited, a software development company.
“James comes with a wealth of experience in the technology sector, and has keen understanding of the full life cycle of startups to mature companies. He has extensive board of directors experience, and he understands first-hand the challenges of scaling deep technology organizations,” said Cheng Lu, President and CEO of TuSimple. ”I look forward to working with James as we set TuSimple on a course to deliver our vision for safe and efficient autonomous freight technology.”
Lu was the Global Head of Amazon Marketing Services from 2011 to 2015, and he was Vice President of content ecosystems at Baidu from 2015 to 2017. Lu founded the social network Yoolin in 2006 and was its Chief Executive Officer from 2006 to 2007. He holds a master of science in electrical engineering and computer science from the University of Michigan – Ann Arbor.
There are no family relationships between Lu and any director, executive officer, or any person nominated or chosen by the Company to become a director or executive officer.
About TuSimple
TuSimple is a global autonomous driving technology company headquartered in San Diego, California, with operations in Arizona, Texas, Europe, and China. Founded in 2015, TuSimple is developing a commercial-ready, fully autonomous (SAE Level 4) driving solution for long-haul heavy-duty trucks. TuSimple aims to transform the $4 trillion global truck freight industry through the company’s leading AI technology, which makes it possible for trucks to drive safely autonomously, operate nearly continuously, and reduce fuel consumption by 10%+ relative to manually driven trucks. Global achievements include the world’s first fully autonomous, ‘driver-out’ semi-truck run on open public roads, and development of the world’s first Autonomous Freight Network (AFN). Visit us at www.tusimple.com.
Document and Entity Information |
Dec. 07, 2022 |
|---|---|
| Cover [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0001823593 |
| Document Type | 8-K |
| Document Period End Date | Dec. 07, 2022 |
| Entity Registrant Name | TuSimple Holdings Inc. |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-40326 |
| Entity Tax Identification Number | 86-2341575 |
| Entity Address, Address Line One | 9191 Towne Centre Drive |
| Entity Address, Address Line Two | Suite 600 |
| Entity Address, City or Town | San Diego |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 92122 |
| City Area Code | (619) |
| Local Phone Number | 916-3144 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Class A Common Stock, par value $0.0001 per share |
| Trading Symbol | TSP |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | true |
| Entity Ex Transition Period | false |