Current Report Filing (8-k)
March 04 2021 - 5:01PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 4, 2021
XL FLEET CORP.
(Exact
name of registrant as specified in its charter)
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Delaware
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001-38971
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83-4109918
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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145 Newton Street
Boston, MA
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02135
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(Address of principal executive offices)
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(Zip Code)
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(617) 718-0329
(Registrants telephone number, including area code)
N/A
(Former name or
former address, if changed since last report)
Check the appropriate box below
if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
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Written communications pursuant to Rule 425 under the Securities Act
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☐
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Soliciting material pursuant to Rule 14a-12 under the
Exchange Act
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
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Securities registered pursuant to Section 12(b)
of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Common Stock, par value $0.0001 per share
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XL
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New York Stock Exchange
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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. ☐
Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
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(e)
On February 26, 2021, the board of directors (the Board) of XL Fleet Corp. (the Company) voted to approve
for each of the Companys CEO and President salary increases and target cash bonus amounts for the fiscal year ending December 31, 2021.
The salary increases for such named executive officers, which are effective as of March 16, 2021, were based on a review of each
officers respective 2020 performance relative to both the Companys and the individuals goals, the role each executive is expected to play in 2021, competitive salary data provided by third-party executive compensation consultants
and other factors.
The 2021 base salaries and target cash bonus amounts for performance for each of the named executive officers are
listed in Exhibit 99.1 attached hereto and incorporated herein by reference.
Additional information regarding compensation of the named
executive officers will be included in the Companys proxy statement for its 2021 Annual Meeting.
Item 9.01
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Financial Statements and Exhibits.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
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XL FLEET CORP.
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Date: March 4, 2021
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By:
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/s/ Dimitri N. Kazarinoff
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Name:
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Dimitri N. Kazarinoff
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Title:
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Chief Executive Officer
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