Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Chief Operating Officer
As previously reported by Ideanomics, Inc. (the "Company") in its Current Report
on Form 8-K filed with the Securities and Exchange Commission (the "Commission")
on September 2, 2021, the Company previously appointed Robin Mackie as President
of Ideanomics Mobility. Effective as of January 25, 2023, Mr. Mackie, age 63,
agreed to be appointed as Chief Operating Officer of the Company. As Chief
Operating Officer of the Company, Mr. Mackie is expected to oversee the
performance of all operations throughout the Company. Mr. Mackie agreed to
support the Company's Chief Executive Officer and Board of Directors in
implementing the Company's vision and strategy. Mr. Mackie's ability to spot
opportunities and deliver robust business solutions allows him to continually
maintain firm commercial control and create highly motivating work environments
and teams that deliver innovative technology solutions. Mr. Mackie has worked
across several highly-regulated but diverse sectors, including offshore,
engineering, construction, medical and automotive. Mr. Mackie has also worked
with many companies, from early-stage technical spin-outs developing electric
drives, battery technology, telematics and charging infrastructure, to complete
vehicle development.
In connection with his appointment as Chief Operating Officer, Mr. Mackie
entered into a new employment agreement with the Company (the "Agreement").
Under the terms of the Agreement, the Company agreed to increase Mr. Mackie's
base salary to $550,000, with a discretionary bonus of up to 100% of Mr.
Mackie's salary.
There are no arrangements or understandings between Mr. Mackie and any other
persons pursuant to which he was chosen as an officer of the Company.
There are no family relationships between Mr. Mackie and any of the Company's
directors, executive officers, or persons nominated or chosen by the Company to
become a director or executive officer. Mr. Mackie is not a party to any current
or proposed transaction with the Company for which disclosure is required under
Item 404(a) of Regulation S-K.
The foregoing description of the terms of the Agreement is not complete and is
qualified in its entirety by reference to the full text of the Agreement, which
will be filed with a subsequent Exchange Act filing by the Company.
Item 7.01 Regulation FD Disclosure.
Effective January 25, 2023, the Company announced the appointment of Macy
Neshati as Chief Commercial Officer of the Company. As Chief Commercial Officer,
Mr. Neshati will oversee an enterprise-wide commercial strategy for the Company
centered on securing contracts with high-value customers. Mr. Neshati previously
served as the Chief Executive Officer of the Company's subsidiary U.S. Hybrid,
where Mr. Neshati formed strategic partnerships with Global Environmental
Products, Toyota Tsusho and A-1 Alternative Fuel Systems. Under his leadership,
U.S. Hybrid evolved from a small, project-focused company into an industry
leading organization recognized for its proven zero-emission solutions for
specialty vehicles. Mr. Neshati has served in leadership roles at the Antelope
Valley Transit Authority and BYD, bringing deep knowledge to the Company about
what end-users want in an EV solution.
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