Item 5.02 Departure of Directors or Certain Officers? Election of Directors?
Appointment of Certain Officers? Compensatory Arrangements of Certain Officers.
On June 18, 2021, Scott Wagner resigned from the board of directors (the
"Board"), and all committees thereto, of Stratim Cloud Acquisition Corp. (the
"Company"). Mr. Wagner advised the Company that his decision to resign was not
the result of any disagreement with the Company or its management on any matter
relating to the Company's operations, policies or practices.
On June 18, 2021, the Board appointed Kabir Misra to serve as a member of the
Board, effective immediately. Mr. Misra was also appointed to the Board's (i)
Audit Committee, (ii) Compensation Committee and (iii) Nominating and Corporate
Governance Committee. In addition, the Board determined that Mr. Misra was an
"independent director" under the applicable listing rules of the Nasdaq Stock
Market (the "Listing Rules").
In connection with his appointment to the Board, Mr. Misra will enter into a
letter agreement and an indemnity agreement on substantially the same terms as
the forms thereof previously entered into by and between the Company and each of
its other directors in connection with the Company's initial public offering,
which were previously filed as exhibits 10.2 and 10.8 to the Company's
Registration Statement on Form S-1 (File No. 333-253174) and are incorporated
herein by reference. In addition, in connection with their appointment to the
Board, Stratim Cloud Acquisition, LLC, the Company's sponsor, intends to
transfer 25,000 shares of the Company's Class B common stock, par value $0.0001,
to Mr. Misra at their original purchase price of $0.004 per share.
Other than the foregoing, Mr. Misra is not party to any arrangement or
understanding with any person pursuant to which he was appointed as a director,
nor is he party to any transactions required to be disclosed under Item 404(a)
of Regulation S-K involving the Company.
1© Edgar Online, source Glimpses
STRATIM CLOUD ACQUISITION CORP. 
