Lucid Group (LCID) has issued an update.
At Lucid Group, Inc.’s 2024 Annual Meeting, stockholders endorsed the expansion of their 2021 Stock Incentive Plan, paving the way for an additional 119 million shares of Class A common stock to be issued. Shareholders also ratified the appointment of KPMG LLP as the independent auditor for the upcoming fiscal year and approved executive compensation. Moreover, all nine director nominees were elected to serve until the next annual meeting, demonstrating shareholder confidence in the company’s leadership and strategic direction.
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