Lucid Group, Inc. 8-K

What Happened
Lucid Group, Inc. filed an 8‑K on January 23, 2026 disclosing that its Compensation and Human Capital Committee (with consultant Pay Governance LLC) approved an amendment to CFO Taoufiq Boussaid’s November 15, 2024 offer letter. The amendment (approved January 20, 2026) increases certain relocation and ongoing benefits provided to Mr. Boussaid and documents those changes in an Offer Letter Amendment filed as Exhibit 10.1.

Key Details

• Temporary housing subsidy extended from 6 months to 12 months.
• Annual stipend increased from $100,000 to $200,000 to reflect participation costs in the French retirement system.
• Repatriation benefits plus up to two years of tax and immigration support approved; total of these benefits capped at $275,000 and payable if employment ends due to an Involuntary Termination Without Cause under the company’s executive severance plan.
• Committee approval date: January 20, 2026; 8‑K filed January 23, 2026; original offer letter dated November 15, 2024 (previously filed with the 2024 Form 10‑K).

Why It Matters
These amendments affect compensation and potential severance-related costs tied to Lucid’s CFO. For investors, the changes mean higher ongoing cash compensation (larger stipend) and increased potential post‑termination payments tied to repatriation/tax support, which could affect future executive compensation disclosures and expense reporting. The filing clarifies the company’s approach to retaining and accommodating an international executive (French national) but does not report any change in the CFO’s employment status.