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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.
(d)
On January 31, 2022, the Archer Aviation Inc.’s (the “Company”) board of directors (the “Board”) increased the size of the Board from seven directors to eight directors and appointed Barbara J. Pilarski to fill the vacancy resulting therefrom, effective as of January 27, 2022. The Board has determined that Ms. Pilarski is an “independent director” as defined in the New York Stock Exchange listing standards and applicable Securities and Exchange Commission rules and regulations. Ms. Pilarski will serve on the Board’s Nominating and Corporate Governance Committee.
Barbara J. Pilarski, age 58, currently serves as Global Head of Business Development at Stellantis N.V. (“Stellantis”), a position she has occupied since March 2021. Prior to joining Stellantis, Ms. Pilarski was employed at FCA US LLC (“FCA”) since 2009, having served as Head of Business Development for the North America region from March 2019 to February 2021, Head of Human Resources for the North America region from September 2017 to March 2019, and Head of Business Development for the North America region from June 2009 to September 2017. Prior to her employment at FCA, Ms. Pilarski served in various business development and finance positions within Chrysler LLC, DaimlerChrysler Corporation, and Chrysler Corporation since September 1985. Ms. Pilarski is the Executive Sponsor of the Stellantis Women’s Business Resource Group, which is dedicated to pursuing the professional development and advancement of female employees. Ms. Pilarski also serves on the Finance Committee of the Board of Directors for Beaumont Health, southeastern Michigan’s largest healthcare system and as a Board Trustee for the Metro Detroit Youth Clubs, in addition to being a member of the Campaign Cabinet for United Way of Southeastern Michigan. Ms. Pilarski has a B.S. in Business Administration from Wayne State University and an M.B.A. from the University of Michigan.
There are no family relationships, as defined in Item 401 or Regulation S-K, between Ms. Pilarski and any of the Company’s executive officers or directors or persons nominated or chosen to become directors or officers. There is no arrangement or understanding between Ms. Pilarski and any other persons pursuant to which Ms. Pilarski was selected as a director. Ms. Pilarski is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Ms. Pilarski has agreed to waive her director compensation with respect to her service as non-employee director until such time as she is no longer employed by Stellantis or any of its affiliates.
Ms. Pilarski has also entered into the Company’s standard form of indemnity agreement, which is attached as Exhibit 10.26 to the Company’s Form 8-K filed with the Securities and Exchange Commission on September 22, 2021 (File No. 001-39668).
A copy of the Company’s press release relating to this announcement is being furnished as Exhibit 99.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number |
Exhibit Description |
| 99.1 | Press Release dated February 2, 2022 |
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ARCHER AVIATION INC. | ||
| Date: February 2, 2022 | ||
| By: | /s/ Andy Missan | |
| Name: | Andy Missan | |
| Title: | Chief Legal Officer | |
Exhibit 99.1
Archer Appoints Barbara Pilarski, Global Head of Business Development at Stellantis, to Board of Directors
| ● | Newest member of Board of Directors brings extensive experience negotiating and executing on strategic partnerships to help support Archer’s go-to-market strategy |
| ● | Pilarski was also appointed to Archer’s Nominating and Corporate Governance Committee |
PALO ALTO, CA, February 2, 2022 - Archer Aviation Inc. (NYSE: ACHR) today announced the appointment of Barbara Pilarski to its Board of Directors. Currently the Global Head of Business Development at Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA), Pilarski is a seasoned leader with over 35 years’ experience in the automotive sector and has a diverse background in the areas of business development, finance and human resources. Pilarski will serve as an independent director and on Archer’s Nominating & Corporate Governance Committee.
“We couldn’t be happier that Barbara, with her multifaceted experience, has chosen to join the Archer board as we continue on our journey to change the future of transportation,” said Brett Adcock, co-founder and co-CEO of Archer. “Defining industry-changing partnerships will be a core component of our strategy in the next few years and we’re looking forward to realizing the benefit of Barbara’s wealth of talents in this area.”
“Archer is at the forefront of a new industry with great potential to change the way people live and travel. I am excited to be in a position to leverage my experience to help Archer scale its business.” said Barbara Pilarski.
Pilarki joins Deborah Diaz, former CTO and deputy CIO of NASA, Maria Pinelli, former Global Vice Chair of E&Y, Fred Diaz, former CEO of Mitsubishi Motors North America, Oscar Munoz, former United Airlines Chairman and CEO, Michael Spellacy, CEO of Atlas Crest Investment Corp, plus co-founders and co-CEOs Brett Adcock and Adam Goldstein, who were appointed to Archer’s Board of Directors in 2021.
About Archer
Archer’s mission is to advance the benefits of sustainable air mobility. Archer’s goal is to move people throughout the world's cities in a quick, safe, sustainable, and cost-effective manner. Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer's team is based in Palo Alto, CA. To learn more, visit www.archer.com.
For Media
Louise Bristow
louise.bristow@archer.com
archer@launchsquad.com
Source: Archer
Text: ArcherIR