| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(c) Appointment of Chief Operating Officer
Effective on October 22, 2021, Theresa Condor was appointed as the Chief Operating Officer of Spire Global, Inc., a Delaware corporation (f/k/a NavSight Holdings, Inc., a Delaware corporation and the predecessor company) (the “Company”).
Theresa Condor, age 41, served as the Company’s Executive Vice President, General Manager of Space Services and Earth Intelligence and as one of Company’s directors since August 2021. Ms. Condor served as Executive Vice President, General Manager of Space Services and Earth Intelligence at Spire Global Subsidiary, Inc., a Delaware corporation (f/k/a Spire Global, Inc., a Delaware corporation), in addition to serving in a variety of other roles, since February 2013, and served as one of the directors since November 2015. From August 2008 to February 2012, Ms. Condor was with Citi Group Inc., an investment bank and financial services company, where she served most recently as Vice President of Trade Risk Distribution at the Latin America Desk and previously as a Rotating Management Associate. Ms. Condor holds a B.A. in Government from Cornell University and an M.I.A. in International Finance and Policy from the School of International and Public Affairs at Columbia University.
Peter Platzer, the Company’s Chief Executive Officer and another one of the Company’s directors, and Ms. Condor, are husband and wife.
There are no changes in Ms. Condor’s compensation package or to the terms of the Long Term Employment Contract, dated as of January 1, 2018, by and between Spire Global Luxembourg Sa`rl and Ms. Condor, a copy of which was filed as Exhibit 10.12 of the Company’s Registration Statement on the Form S-1 filed September 23, 2021.
The Company previously entered into its standard form of indemnification agreement with Ms. Condor, a form copy of which was filed as Exhibit 10.5 of the Company’s Current Report on Form 8-K filed on August 20, 2021.
Other than the arrangements described above, Ms. Condor has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended, nor are any such transactions currently proposed. Other than the family relationship described above, there are no arrangements or understandings between Ms. Condor and any other persons pursuant to which Ms. Condor was appointed as Chief Operating Officer.
A copy of the news release issued by the Company on October 26, 2021 announcing Ms. Condor’s appointment as Chief Operating Officer is attached hereto as Exhibit 99.1.
