Tesla, Inc. (NASDAQ:TSLA) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On February 21, 2017, Jason Wheeler, Chief Financial Officer of
Tesla, Inc. (the Company), notified the Company that he is
resigning as the Companys Chief Financial Officer, effective
following the filing of the Companys Annual Report on Form 10-K
for the year ended December 31, 2016. Mr. Wheeler will remain at
the Company through early April to ensure a smooth transition.
On February 22, 2017, the Company announced that Deepak Ahuja,
who served as the Companys Chief Financial Officer from July 2008
until November 2015, will rejoin the Company as Chief Financial
Officer upon the effectiveness of Mr. Wheelers resignation. Mr.
Ahuja, 54, has also served on the board of directors of FireEye,
Inc., a network security company, since September 2015.
Mr. Ahuja will have an annual base salary of $500,000 and will
receive a $15 million new hire equity grant (in the form of RSUs
or stock options, or a combination thereof), which will be
granted and will vest over four years in accordance with the
Companys standard equity policies. Mr. Ahuja will also be
eligible to participate in the compensation and benefit programs
generally available to Teslas employees. His employment has no
specified term and will be on an at-will basis.
On February 22, 2017, the Company published a post on its website
blog regarding Mr. Wheelers resignation and the appointment of
Mr. Ahuja as Chief Financial Officer, which is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
Blog Post dated February 22, 2017.
About Tesla, Inc. (NASDAQ:TSLA)
Tesla, Inc., formerly Tesla Motors, Inc., designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products. Its energy storage products include the seven kilowatt-hour and 10 kilowatt-hour Powerwall for residential applications, and the 100 kilowatt-hour Powerpack for commercial and industrial applications. The Company delivers energy storage products under the Tesla Energy brand. It manufactures its products primarily at its facilities in Fremont, California, Lathrop, California, Tilburg, Netherlands and at its Gigafactory near Reno, Nevada. The Company uses battery packs manufactured at the Gigafactory for its energy storage products. Tesla, Inc. (NASDAQ:TSLA) Recent Trading Information
Tesla, Inc. (NASDAQ:TSLA) closed its last trading session up +1.01 at 257.00 with 14,915,249 shares trading hands.