Aptera Motors Transitions to Public Benefit Corporation, Adds Industry Veterans to Board
Aptera Motors (NASDAQ: SEV) announced on October 22, 2025 that it has converted to a Delaware Public Benefit Corporation (PBC), formally embedding its mission to advance solar mobility and prioritize social and environmental benefits alongside financial performance.
The company said PBC status will require directors to consider stakeholders and the stated public benefit—reducing energy dependence and environmental impact—in major decisions. Aptera also named two independent directors to its board: Tony Kirton, with 40+ years in global automotive leadership, and Todd Butz, a veteran financial executive and former CFO experienced in manufacturing scale and public markets. Leadership changes aim to support governance, growth and production scaling while aligning strategy with sustainability goals.
Aptera Motors (NASDAQ: SEV) ha annunciato il 22 ottobre 2025 di essersi convertita in una Delaware Public Benefit Corporation (PBC), incorporando formalmente la sua missione di promuovere la mobilità solare e di dare priorità ai benefici sociali e ambientali accanto alle prestazioni finanziarie.
Lo status di PBC richiederà che i membri del consiglio considerino gli stakeholder e il beneficio pubblico dichiarato—ridurre la dipendenza energetica e l'impatto ambientale—in decisioni importanti. Aptera ha inoltre nominato due direttori indipendenti nel consiglio: Tony Kirton, con oltre 40 anni di leadership globale nel settore automobilistico, e Todd Butz, un veterano dirigente finanziario ed ex CFO con esperienza in scala di produzione e mercati pubblici. Le modifiche di leadership mirano a supportare la governance, la crescita e la scalabilità della produzione, allineando al contempo la strategia agli obiettivi di sostenibilità.
Aptera Motors (NASDAQ: SEV) anunció el 22 de octubre de 2025 que se ha convertido en una Delaware Public Benefit Corporation (PBC), incorporando formalmente su misión de avanzar la movilidad solar y de dar prioridad a los beneficios sociales y ambientales junto con el rendimiento financiero.
El estatus de PBC requerirá que los directores consideren a las partes interesadas y el beneficio público declarado—reducir la dependencia energética y el impacto ambiental—en las decisiones importantes. Aptera también nombró a dos directores independientes en su junta directiva: Tony Kirton, con más de 40 años en liderazgo automotriz global, y Todd Butz, un veterano ejecutivo financiero y ex CFO con experiencia en escalado de fabricación y mercados públicos. Los cambios de liderazgo buscan apoyar la gobernanza, el crecimiento y la escalabilidad de la producción, alineando la estrategia con los objetivos de sostenibilidad.
Aptera Motors(NASDAQ: SEV)는 2025년 10월 22일에 Delaware Public Benefit Corporation(PBC)으로 전환했다고 발표했습니다. 이는 자사의 임무인 태양광 모빌리티를 추진하고 재무성과와 함께 사회적 및 환경적 이점을 우선시하겠다는 목표를 공식적으로 내재화합니다.
PBC 지위는 이사회가 주요 의사결정에서 이해관계자와 명시된 공익—에너지 의존도와 환경 영향 감소—를 고려하도록 요구할 것이라고 회사는 밝혔습니다.
또한 이사회에 두 명의 독립 이사를 선임했습니다: Tony Kirton는 글로벌 자동차 리더십에서 40년 이상 경력을 가진 분이고, Todd Butz는 제조 규모 확장과 공공 시장 경험이 있는 베테랑 금융 임원이며 전 CFO로 일했습니다. 리더십 변화는 거버넌스, 성장 및 생산 확장을 지원하고 지속 가능성 목표에 전략을 맞추기 위한 것입니다.
Aptera Motors (NASDAQ: SEV) a annoncé le 22 octobre 2025 qu'elle est devenue une Delaware Public Benefit Corporation (PBC), intégrant formellement sa mission d'accélérer la mobilité solaire et de privilégier les bénéfices sociaux et environnementaux aux côtés de la performance financière.
Le statut de PBC obligera le conseil d'administration à prendre en compte les parties prenantes et le bénéfice public déclaré—réduire la dépendance énergétique et l'impact environnemental—dans les décisions majeures. Aptera a également nommé deux administrateurs indépendants au conseil: Tony Kirton, avec plus de 40 ans de leadership mondial dans l'automobile, et Todd Butz, un cadre financier vétéran et ancien CFO expérimenté dans l'échelle de fabrication et les marchés publics. Les changements de direction visent à soutenir la gouvernance, la croissance et la montée en puissance de la production tout en alignant la stratégie sur les objectifs de durabilité.
Aptera Motors (NASDAQ: SEV) gab am 22. Oktober 2025 bekannt, dass sie zu einer Delaware Public Benefit Corporation (PBC) geworden ist, und die Mission, Solarmobilität voranzutreiben sowie soziale und ökologische Vorteile neben der finanziellen Performance zu priorisieren, formal verankert hat.
Der PBC-Status wird gemäß dem Unternehmen zufolge die Direktoren dazu verpflichten, bei wichtigen Entscheidungen Stakeholdern und dem festgelegten öffentlichen Nutzen—Reduzierung der Energieabhängigkeit und Umweltbelastung—Umsicht zu geben. Aptera benannte außerdem zwei unabhängige Direktoren in den Vorstand: Tony Kirton, mit über 40 Jahren globaler Automobilführung, und Todd Butz, ein erfahrener Finanzführungskraft und ehemaliger CFO mit Erfahrung in Fertigungsmaßstab und öffentlichen Märkten. Führungsänderungen sollen die Governance, das Wachstum und die Produktionsskalierung unterstützen und die Strategie mit den Nachhaltigkeitszielen in Einklang bringen.
أباترا موتورز (بورصة ناسداك: SEV) أعلنت في 22 أكتوبر 2025 أنها تحولت إلى Delaware Public Benefit Corporation (PBC)، مدمجة رسميًا مهمتها في تعزيز التنقل الشمسي وإعطاء الأولوية للفوائد الاجتماعية والبيئية إلى جانب الأداء المالي.
قالت الشركة إن وضع PBC سيتطلب من المدراء أن يأخذوا بعين الاعتبار الأطراف المعنية والفائدة العامة المعلنة—تقليل الاعتماد على الطاقة وتقليل الأثر البيئي—في القرارات الكبرى. كما عينت أباترا مديرين مستقلين اثنين في مجلس إدارتها: Tony Kirton، بخبرة تزيد عن 40 عامًا في القيادة العالمية لصناعة السيارات، وTodd Butz، وهو مدير مالي مخضرم والرئيس التنفيذي المالي السابق ذو خبرة في توسيع التصنيع والأسواق العامة. تهدف التغييرات في القيادة إلى دعم الحوكمة والنمو وتوسع الإنتاج مع توفيق الاستراتيجية مع أهداف الاستدامة.
Aptera Motors (NASDAQ: SEV) 在 2025年10月22日 公布已转为特拉华州公益受益公司（PBC），正式将其使命嵌入推动 太阳能出行，并在财务绩效的同时优先考虑社会与环境效益。
公司表示，PBC 地位将要求董事在重大决策中考虑利益相关者和所声明的公益利益——降低能源依赖和环境影响——。Aptera 还任命两位独立董事加入董事会：Tony Kirton，在全球汽车领域拥有超过40年的领导经验；以及 Todd Butz，一位资深金融高管、曾任 CFO，具备制造规模扩张和公开市场经验。领导层变动旨在支持治理、增长与生产扩张，并使战略与可持续目标保持一致。
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CARLSBAD, Calif., Oct. 22, 2025 (GLOBE NEWSWIRE) -- Aptera Motors Corp. (NASDAQ: SEV), a solar mobility company pioneering ultra-efficient transportation, today announced its formal transition to a Public Benefit Corporation (PBC) under Delaware law. This change reflects Aptera’s long-term mission to break the chains of energy dependence by championing solar mobility—liberating communities, promoting sustainability, and forging a future where power belongs to the people.
“As a Public Benefit Corporation, we’re embedding our purpose into the foundation of our company,” said Chris Anthony, Co-CEO and Co-Founder of Aptera Motors. “Our commitment goes beyond profit. We exist to create lasting, positive impact for people and the planet.”
What It Means to Be a Public Benefit Corporation
Public Benefit Corporations are a distinct class of companies recognized under Delaware law that balance financial performance with public benefits such as social and environmental responsibility. Unlike traditional corporations, PBCs are legally required to consider the interests of all their stakeholders, including employees, communities, and customers, as well as its public benefit, in addition to the interests of its shareholders.
As a PBC, Aptera’s performance is measured not only by economic results, but also by how effectively it promotes its stated public benefit: advancing solar mobility to reduce energy dependence and environmental impact.
“Solar mobility represents more than a technological breakthrough. It’s a movement toward true energy freedom,” said Steve Fambro, Co-CEO and Co-Founder of Aptera Motors. “Becoming a Public Benefit Corporation aligns our governance with that purpose and ensures that every major decision we make is guided by the long-term well-being of our communities and our planet.”
Strengthening Leadership for the Road Ahead
In conjunction with its new corporate status, Aptera is also announcing two new appointments to its Board of Directors: Tony Kirton and Todd Butz, who bring decades of experience in global automotive operations, public markets, and financial management.
Tony Kirton Joins Aptera’s Board as an Independent Director
Kirton brings over forty years of international leadership across top automotive brands, including Audi, Volkswagen, and BMW. His strategic insight into global sales, marketing, and brand positioning is expected to be invaluable in guiding Aptera’s growth.
“Aptera’s vision for radically efficient transportation isn’t just forward-thinking—it’s necessary,” said Kirton. “Joining the board at this pivotal time allows me to help guide a company that’s reshaping mobility for the better.”
Todd Butz Appointed to Board as an Independent Director
A veteran financial executive and former Chief Financial Officer of Mayville Engineering Company (NYSE: MEC), Butz offers deep expertise in manufacturing scale, corporate governance, and public market strategy. His experience managing growth and ensuring fiscal discipline is expected to be instrumental in navigating the financial complexities of scaling toward production.
“What excites me most about Aptera is its bold reimagining of what’s possible in transportation,” said Butz. “It’s an honor to help guide a mission that unites financial sustainability with environmental responsibility.”
Driving Toward a Sustainable Future
With the addition of Kirton and Butz, Aptera’s Board of Directors combines leadership across automotive innovation, corporate finance and sustainability, supporting the company’s mission of having every journey powered by the sun.
“Aptera’s evolution into a Public Benefit Corporation formalizes what has always been at the heart of our mission,” said Fambro. “Our future depends on how effectively we can use innovation to serve people and the planet.”
About Aptera Motors Corp. Aptera Motors Corp. (Nasdaq: SEV) is a solar mobility company driven by a mission to advance the future of efficient transportation. Its flagship vehicle is conceived to be a paradigm-shifting solar electric vehicle that leverages breakthroughs in aerodynamics, material science, and solar technology to pursue new levels of efficiency. As a public benefit corporation, Aptera is committed to building a sustainable business that positively impacts its stakeholders and the environment. Aptera is headquartered in Carlsbad, California. For more information, please visit www.aptera.us.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements, which include plans for vehicle technology, company growth, and scaling of operations, are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. Aptera Motors Corp. undertakes no obligation to update or revise any forward-looking statements.
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