Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


            Appointment of Certain Officers; Compensatory Arrangements of Certain
            Officers.

On May 26, 2022, the Compensation Committee of the Board of Directors of Lucid Group, Inc. approved an increase to the annual base salaries of the following named executive officers of the Company effective as of June 6, 2022.





Name                                  Title                   New Annual Base Salary
Sherry House           Chief Financial Officer               $                535,000

                       Senior Vice President, Product and
Eric Bach              Chief Engineer                        $                525,000

Michael Bell           Senior Vice President, Digital        $                525,000




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