Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 4, 2021, the Board of Directors (the "Board") of Arcimoto, Inc. (the
"Company") appointed Galileo Russell as a director, to hold office until the
Company's 2021 annual meeting of shareholders or until his successor is duly
elected and qualified.
Mr. Russell is a technology investor known for his early and vocal support of
Tesla, and he also is an investor in SpaceX and numerous early stage startups.
Mr. Russell is the CEO of HyperChange, a startup financial media company he
founded in 2017 which currently has more than 130,000 YouTube subscribers. In
2019, he co-founded the software-as-a-service financial visualization platform
HyperCharts and, in 2020, he also founded, and is the Chief Executive Officer of
the venture capital firm HyperGuap. Prior to these roles Mr. Russell oversaw
farm partnerships for Local Bushel. He is a graduate of New York University
Stern School of Business with a B.S. in Finance.
There are no arrangements or understandings between Mr. Russell and any other
person pursuant to which Mr. Russell was appointed as a director of the Board
and there are no related party transactions between Mr. Russell and the Company.
Item 9.01. Exhibits.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release Dated January 8, 2021
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