Solid Power Inc. (SLDP) filed a Form 8K - Director, Officer or Compensation Filing - with the U.S Securities and Exchange Commission on July 02, 2026.
On July 1, 2026, the Board of Directors (the "Board") of Solid Power, Inc. (the "Company") appointed Uwe Breitweg to serve as a Class III director. Mr. Breitweg was nominated by BMW Holding B.V. ("BMW Holding") pursuant to BMW Holding's director nomination rights under that certain Board Nomination and Support Agreement, dated as of May 5, 2021, by and among the Company, BMW Holding and the stockholders party thereto, to succeed Rainer Feurer as BMW Holding's nominee on the Board following Dr. Feurer's previously reported retirement from the Board. Mr. Breitweg will serve until the Company's 2027 annual meeting of stockholders and until his successor has been duly elected and qualified.
Information regarding certain relationships and related party transactions involving Bayerische Motoren Werke AG ("BMW AG") and certain of its affiliates, including BMW of North America, LLC and BMW Holding, is set forth under the caption "Certain Relationships and Related Party Transactions—Transactions with BMW" in the Company's definitive proxy statement for its 2026 annual meeting of stockholders, filed with the Securities and Exchange Commission (the "SEC") on April 9, 2026, and is incorporated herein by reference.
In light of the commercial relationship between the Company and BMW AG and BMW Holding, the Board has determined that Mr. Breitweg is not independent under the applicable rules of The Nasdaq Stock Market LLC. Accordingly, Mr. Breitweg is not expected to be appointed to serve on any committees of the Board. Mr. Breitweg has also agreed to waive all compensation payable by the Company in connection with his service on the Board. The Company and Mr. Breitweg entered into the Company's standard indemnification agreement, the form of which has previously been filed with the SEC.
The full text of this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1844862/000110465926079956/tm2619489d1_8k.htm
Any exhibits and associated documents for this SEC filing can be retrieved at: https://www.sec.gov/Archives/edgar/data/1844862/000110465926079956/0001104659-26-079956-index.htm
Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.