Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 9, 2021 (the “Effective Date”), upon the recommendation of its Nominating and Corporate Governance Committee (the “Nominating Committee”), the Board of Directors (the “Board”) of Canoo Inc., a Delaware corporation (the “Company” f/k/a Hennessy Capital Acquisition Corp. IV), increased the size of the Board from 7 to 9 members, and appointed Ms. Claudia Romo Edelman and Mr. Arthur Kingsbury to fill the newly created vacancies to serve on the Board as Class II directors until the Company’s 2022 annual meeting of stockholders, and until their successors have been duly elected and qualified, or until their earlier death, resignation or removal. Based upon the further recommendation of its Nominating Committee, the Board appointed Mr. Kingsbury to replace Mr. Rainer Schmueckle as the Chair of its Audit Committee, with such appointments effective upon his appointment to the Board. Mr. Schmueckle will remain a director of the Board and will remain a member of the Audit Committee. Ms. Romo Edelman and Mr. Kingsbury were not selected by the Board to serve as a director pursuant to any arrangement or understanding with any person.
In connection with the aforementioned appointment to the Board, the Company entered into its standard indemnification agreement with Ms. Romo Edelman and Mr. Kingsbury, which form indemnification agreement is filed as Exhibit 10.4 to the Company’s Current Report on Form 8-K (File No. 001-38824) filed with the SEC on December 22, 2020, which requires the Company, under the circumstances and to the extent provided for therein, to indemnify the indemnitee to the fullest extent permitted by applicable law against certain expenses and other amounts incurred by the indemnitee as a result of the indemnitee being made a party to certain actions, suits, investigations and other proceedings.
Item 7.01 Regulation FD Disclosure.
On March 15, 2021, the Company issued a press release announcing the appointment of Ms. Romo Edelman and Mr. Kingsbury to the Board. A copy of the Company’s press release announcing the appointment is attached hereto as Exhibit 99.1.
The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
