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8-K: Canoo Announces Appointment of Kunal Bhalla as its Chief Financial Officer

8-K: Canoo Announces Appointment of Kunal Bhalla as its Chief Financial Officer

8-K:Canoo宣布任命Kunal Bhalla为其首席财务官
美股SEC公告 ·  2024/11/05 17:26

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Canoo has entered into a $12 million Revolving Credit Facility Agreement with AFV Management Advisors, LLC, an entity affiliated with CEO Tony Aquila. The facility, secured by equipment at the Oklahoma City facility, bears interest at SOFR plus 6.00% with 120-day repayment terms. The company has already borrowed $3.85 million to repay an existing note.The company announced significant leadership changes, appointing Kunal Bhalla as CFO with a $300,000 annual salary, replacing Greg Ethridge who resigned. Sean Yan was named General Counsel and Secretary, while Ramesh Murthy added Chief Administrative Officer to his existing roles.In a strategic workforce realignment, Canoo has temporarily furloughed 23% of its Oklahoma City factory workers for twelve weeks. The company is redistributing skilled employees across its Oklahoma City and Texas facilities as part of its supply chain harmonization plan, while providing support resources to the 30 affected workers.
Canoo has entered into a $12 million Revolving Credit Facility Agreement with AFV Management Advisors, LLC, an entity affiliated with CEO Tony Aquila. The facility, secured by equipment at the Oklahoma City facility, bears interest at SOFR plus 6.00% with 120-day repayment terms. The company has already borrowed $3.85 million to repay an existing note.The company announced significant leadership changes, appointing Kunal Bhalla as CFO with a $300,000 annual salary, replacing Greg Ethridge who resigned. Sean Yan was named General Counsel and Secretary, while Ramesh Murthy added Chief Administrative Officer to his existing roles.In a strategic workforce realignment, Canoo has temporarily furloughed 23% of its Oklahoma City factory workers for twelve weeks. The company is redistributing skilled employees across its Oklahoma City and Texas facilities as part of its supply chain harmonization plan, while providing support resources to the 30 affected workers.
Canoo与与首席执行官Tony Aquila相关的AFV Management Advisors, LLC签署了一份1200万美元的循环信贷设施协议。该设施以俄克拉荷马城工厂的设备作抵押,利率为SOFR加6.00%,还款期限为120天。公司已经借款385万美元用于偿还现有票据。公司宣布了重要的领导层变动,任命Kunal Bhalla为首席财务官,年薪30万美元,接替辞职的Greg Ethridge。Sean Yan被任命为总法律顾问和秘书,而Ramesh Murthy在现有角色的基础上增加了首席行政官的职务。在战略性员工重组中,Canoo暂时让俄克拉荷马城工厂的23%的工人停薪留职,期限为十二周。作为其供应链协调计划的一部分,公司正在将技能员工重新分配到其俄克拉荷马城和德克萨斯州的工厂,并为30名受影响的工人提供支持资源。
Canoo与与首席执行官Tony Aquila相关的AFV Management Advisors, LLC签署了一份1200万美元的循环信贷设施协议。该设施以俄克拉荷马城工厂的设备作抵押,利率为SOFR加6.00%,还款期限为120天。公司已经借款385万美元用于偿还现有票据。公司宣布了重要的领导层变动,任命Kunal Bhalla为首席财务官,年薪30万美元,接替辞职的Greg Ethridge。Sean Yan被任命为总法律顾问和秘书,而Ramesh Murthy在现有角色的基础上增加了首席行政官的职务。在战略性员工重组中,Canoo暂时让俄克拉荷马城工厂的23%的工人停薪留职,期限为十二周。作为其供应链协调计划的一部分,公司正在将技能员工重新分配到其俄克拉荷马城和德克萨斯州的工厂,并为30名受影响的工人提供支持资源。
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