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Lordstown Motors (RIDE): CEO and CFO Resign, Presents Results of Investigation Of Hindenburg Research Report

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Lordstown Motors Announces Leadership Transition

June 14, 2021 7:01 AM EDT

Angela Strand, Lead Independent Director, appointed Executive Chairwoman

Becky Roof, appointed Interim CFO

CEO Steve Burns and CFO Julio Rodriguez resign from Company

LORDSTOWN, Ohio, June 14, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors or the Company), a leader in electric light duty trucks focused on the commercial fleet market, today announced several changes to its executive management team as the Company begins to transition from the R&D and early production phase to the commercial production phase of its... More

Lordstown Motors Reports Results Of Special Committee Investigation Of Hindenburg Research Report

June 14, 2021 7:00 AM EDT

LORDSTOWN, Ohio, June 14, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors or the Company), a leader in electric light duty trucks focused on the commercial fleet market, has received the below statement regarding the results of the investigation conducted by the Special Committee of its Board of Directors into the report published by Hindenburg Research on March 12, 2021 (the Hindenburg Report).

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The Special Committee of the Board of Directors of Lordstown Motors Corp.

Background

The Hindenburg Report stated,... More