Wed, Apr 30, 8:08 PM (17 days ago)
**SES AI Corporation (SES) - Summary** **Company Overview:** SES AI Corporation (SES) is a technology company focused on EV battery development. The company filed an amendment (Form 10-K/A) to include information required by Part III, Items 10 through 14, which was previously omitted. The amendment does not affect other sections of the Original Form 10-K. **Financial Performance:** - **Revenue:** Not explicitly stated in the provided text. - **Net Income:** Not explicitly stated in the provided text. - **Operating Expenses:** Not explicitly stated in the provided text. - **Earnings Per Share (EPS):** Not explicitly stated in the provided text. **Strategic Overview:** SES aims to align executive compensation with performance, attract and retain talented executives, and maintain a performance-oriented culture. The company has adopted various governance guidelines and policies to ensure ethical business conduct and compliance with securities laws. **Future Outlook:** SES is focused on innovation and growth in the EV battery development industry. The company's strategic plans include attracting, retaining, and motivating highly qualified executives to achieve innovation and growth objectives. **Risk Factors:** - **Market Position Changes:** The company's market position may be affected by competitive pressures and technological advancements. - **Financial Condition:** The financial condition of SES is influenced by its revenue, expenses, and strategic initiatives. **Director and Executive Compensation:** - **Directors:** Receive annual cash fees and equity grants, with additional fees for committee chairpersons and the Lead Director. - **Executive Officers:** Compensation includes base salary, bonuses, stock awards, and other benefits. The company has a pay-for-performance philosophy and aligns executive interests with those of stockholders. **Governance and Compliance:** SES has adopted various governance guidelines, a Code of Business Conduct and Ethics, and insider trading policies. The company maintains an independent Audit Committee and has established procedures for reviewing and approving related party transactions. **Market Position:** SES is a controlled company, with its CEO and affiliated entities owning more than 50% of the total voting power. Despite this, the company has a majority of independent directors and complies with NYSE rules. **Amendment Details:** The amendment includes new certifications from the principal executive officer and principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. It does not affect other sections of the Original Form 10-K and speaks as of the filing date of the Original Form 10-K. **Ticker:** SES **Full Name:** SES AI Corporation