Faraday Future overhauls board, co-CEO to step down

Faraday Future Intelligent Electric Inc. reported significant board and leadership changes.

Accepted by SEC EDGAR 04/17/2026 - 05:00 PM EDT

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Form Type

8-K

Rhea-AI Filing Summary

Faraday Future Intelligent Electric Inc. reported significant board and leadership changes. On April 14, 2026, executive director Matthias Aydt resigned from the Board for personal reasons and indicated he will resign as Global Co-Chief Executive Officer when the Board decides.

On April 16, 2026, directors Jie (Jay) Sheng and Chui Tin Mok also resigned from the Board, each without disagreements with the company; Mr. Mok continues as an executive officer and Head of FF Middle East, and Mr. Sheng may serve in an advisory role.

That same day, the Board appointed Jiawei (Jerry) Wang, Xiao (Lucky) Jiang, and Kevin Chen as new directors, with specific committee roles including Audit, Compensation, Nominating and Corporate Governance, and Finance and Investment Committees.

Positive

None.

Negative

Concentrated board and leadership turnover: Three directors, including executive members and key committee participants, resigned in April 2026, and Global Co-Chief Executive Officer Matthias Aydt plans to resign, creating governance and leadership transition risk.

Insights

Multiple director exits and a co-CEO transition signal notable governance turnover at Faraday Future.

Faraday Future Intelligent Electric Inc. disclosed three director resignations in April 2026, including executive board members Matthias Aydt and Chui Tin Mok. Aydt also plans to step down as Global Co-Chief Executive Officer when the Board determines the timing.

The company states there were no disagreements with any of the departing directors, and Mok and Jie (Jay) Sheng may continue in executive or advisory capacities. However, losing multiple committee members at once affects the Finance and Investment, Audit, Compensation, and Nominating and Corporate Governance Committees.

On April 16, the Board appointed Jiawei (Jerry) Wang, Xiao (Lucky) Jiang, and independent director Kevin Chen, with FF Top Holding LLC designating them under an Amended and Restated Shareholder Agreement dated January 13, 2023. Future disclosures in company filings may clarify how quickly the new directors integrate into their committee roles.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Common stock par value: $0.0001 per share Warrant exercise price: $110,400.00 per share Aydt board resignation date: April 14, 2026 +5 more

8 metrics

Common stock par value $0.0001 per share Class A common stock par value as stated in listing table

Warrant exercise price $110,400.00 per share Exercise price for redeemable warrants exercisable for Class A common stock

Aydt board resignation date April 14, 2026 Effective date of director resignation for executive member Matthias Aydt

Sheng and Mok resignation date April 16, 2026 Effective date of director resignations for Jie (Jay) Sheng and Chui Tin Mok

Shareholder Agreement date January 13, 2023 Date of Amended and Restated Shareholder Agreement with FF Top Holding LLC

Age of Xiao (Lucky) Jiang 36 years Age of new director and Head of Human Resources

Age of Jiawei (Jerry) Wang 35 years Age of new director and Global President of the company

Age of Kevin Chen 48 years Age of new independent director with investment and academic background

Key Terms

Emerging growth company, Audit Committee, Nominating and Corporate Governance Committee, Amended and Restated Shareholder Agreement, +2 more

6 terms

Emerging growth company regulatory

"Emerging growth company Item 5.02 Departure of Directors or Certain Officers"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Audit Committee financial

"Kevin Chen is expected to be appointed to each of the Audit, Compensation"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

Nominating and Corporate Governance Committee financial

"Nominating and Corporate Governance Committees of the Board"

A nominating and corporate governance committee is a group within a company's board of directors responsible for selecting and recommending individuals to serve as company leaders, such as directors or executives. They also develop and oversee policies to ensure the company is run fairly, ethically, and transparently. This committee matters to investors because it helps ensure the company is well-managed and guided by qualified, responsible leadership.

Amended and Restated Shareholder Agreement regulatory

"pursuant to the Amended and Restated Shareholder Agreement dated January 13, 2023"

Inline XBRL technical

"Cover Page Interactive Data File (embedded within the Inline XBRL document)"

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

Finance and Investment Committee financial

"Jerry Wang was appointed to the Finance and Investment Committee of the Board"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What major board changes did Faraday Future (FFAI) announce in April 2026?

Faraday Future announced that directors Matthias Aydt, Jie (Jay) Sheng, and Chui Tin Mok resigned from the Board in April 2026. The company simultaneously appointed three new directors: Jiawei (Jerry) Wang, Xiao (Lucky) Jiang, and Kevin Chen, with defined roles on key board committees.

Why did Faraday Future director Matthias Aydt resign and what is his CEO status?

Matthias Aydt resigned as a Faraday Future director on April 14, 2026 for personal reasons, with no disagreements cited. He also informed the Board that he intends to resign as Global Co-Chief Executive Officer at a time the Board deems fit, signaling an upcoming leadership change.

Did Faraday Future (FFAI) report any disagreements with resigning directors?

Faraday Future stated there were no disagreements with resigning directors Matthias Aydt, Jie (Jay) Sheng, or Chui Tin Mok leading to their decisions. The disclosure emphasizes that their departures were not due to disputes with the company, which can help limit concerns about internal conflict.

Who are the new Faraday Future directors and what committees will they serve on?

Faraday Future appointed Jiawei (Jerry) Wang, Xiao (Lucky) Jiang, and Kevin Chen to the Board on April 16, 2026. Kevin Chen is expected to join the Audit, Compensation, and Nominating and Corporate Governance Committees, while Jerry Wang joins the Finance and Investment Committee, strengthening oversight coverage.

What ongoing role will Chui Tin Mok have at Faraday Future after leaving the Board?

Although Chui Tin Mok resigned from Faraday Future’s Board on April 16, 2026, he remains an executive officer. He continues serving as Head of FF Middle East, focusing on business execution in the United Arab Emirates and the broader Middle East, maintaining operational continuity in that region.

How is FF Top Holding LLC involved in Faraday Future’s new board appointments?

FF Top Holding LLC, under a January 13, 2023 Amended and Restated Shareholder Agreement, nominated Xiao (Lucky) Jiang and Kevin Chen to Faraday Future’s Board. As president of FF Global Partners LLC, Jiawei (Jerry) Wang is also deemed an FF Top designee, reflecting FF Top’s influence on board composition.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 14, 2026

Faraday Future Intelligent Electric Inc.

(Exact name of registrant as specified in its charter)

Delaware	001-39395	84-4720320
(State or other jurisdiction	(Commission File Number)	(I.R.S. Employer
of incorporation)		Identification No.)

1990 E. Grand Avenue
El Segundo, CA		90245
(Address of principal executive offices)		(Zip Code)

(424) 276-7616

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, par value $0.0001 per share	FFAI	The Nasdaq Stock Market LLC
Redeemable warrants, exercisable for shares of Class A common stock at an exercise price of $110,400.00 per share	FFAIW	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 14, 2026, Matthias Aydt, an executive member of the Board of Directors (the “Board”) of Faraday Future Intelligent Electric Inc., a Delaware corporation (the “Company”), notified the Board that he was resigning as a director of the Company for personal reasons, effective immediately. Mr. Aydt served on the Investment and Finance Committee of the Board. There were no disagreements between the Company and Mr. Aydt that led to his decision to resign. Mr. Aydt also informed the Board of his intention to resign as Global Co-Chief Executive Officer of the Company at such time as the Board deems fit.

On April 16, 2026, Jie (Jay) Sheng, a member of the Board, notified the Board that he was resigning as a director of the Company, effective immediately. Mr. Sheng served on the Finance and Investment, Audit, Compensation, and Nominating and Corporate Governance Committees of the Board. There were no disagreements between the Company and Mr. Sheng that led to his decision to resign. Mr. Sheng may continue working with the Board and/or the Company in an advisory capacity.

As previously reported on Form 8-K on March 4, 2026, on February 26, 2026, Chui Tin Mok, an executive member of the Board, notified the Board that he intended to resign as a director of the Company upon the Board’s confirmation of a successor nominee, in order to focus his time and effort on the Company’s business execution in the United Arab Emirates and the broader Middle East. On April 16, 2026, Mr. Mok resigned from the Board, effective immediately. Mr. Mok served on the Finance and Investment Committee of the Board. There were no disagreements between the Company and Mr. Mok that led to his decision to resign. Mr. Mok will continue in his role as an executive officer of the Company and Head of FF Middle East.

On March 5, 2026, FF Top Holding LLC (“FF Top”), pursuant to the Amended and Restated Shareholder Agreement dated January 13, 2023 (the “Shareholder Agreement”), by and between the Company and FF Top, nominated Xiao (Lucky) Jiang, the Company’s Head of Human Resources, to the Board.

On April 16, 2026, FF Top, pursuant to the Shareholder Agreement, nominated Kevin Chen to the Board as an independent director.

On April 16, 2026, the Board appointed each of Jiawei (Jerry) Wang, Xiao (Lucky) Jiang and Kevin Chen to the Board. Jiawei (Jerry) Wang, as president of FF Global Partners LLC, is deemed an FF Top designee, along with Xiao (Lucky) Jiang, Kevin Chen and Chad Chen as additional FF Top Designees.

Kevin Chen is expected to be appointed to each of the Audit, Compensation, and Nominating and Corporate Governance Committees of the Board. Jerry Wang was appointed to the Finance and Investment Committee of the Board.

Ms. Xiao (Lucky) Jiang, 36, has served as Head of Human Resources of the Company since April 2024 and as Corporate Secretary of AIxCrypto Holdings, Inc. since December 2025. She joined the Company in November 2023 as part of the HR Operations team and was subsequently promoted to her current role. Prior to joining the Company, Ms. Jiang served in various human resources leadership roles at Faraday Future China from 2018 to 2023, including Human Resources Director from March 2021 to November 2023 and Senior Manager, Human Resources Business Partner from January 2018 to March 2021. Ms. Jiang holds a Bachelor of Arts in English Language and Literature from Peking University and an MBA from Tsinghua University.

Mr. Jiawei (Jerry) Wang, 35, has served as Global President of the Company since March 2025. Mr. Wang also serves as Co-Chief Executive Officer of AIxCrypto Holdings, Inc. since October 2025 and as a board member, partner, and President (consultant) of FF Global Partners since 2022. In addition, he is Co-Founder and Chairman of AIBOT Inc. since 2022. Mr. Wang has over 10 years of experience in capital markets and corporate management. He served as Vice President, Global Capital Markets of the Company from May 2018 to April 2022 and has led the Company’s fundraising and capital markets activities.

Mr. Kevin Chen, 48, has served as Chief Economist and Chief Investment Officer of Horizon Financial since May 2021 and as Partner and Chief Investment Officer of CoinBridge since October 2025. Mr. Chen has extensive experience in global macroeconomic research, asset allocation, and digital asset markets. He has served on the boards of Capitan Investment Ltd. since September 2021, CurrenC Group since September 2023, Scage Future since August 2025, and AIxCrypto Holdings, Inc. since October 2025. He previously served on the boards of Edoc Acquisition from May 2020 to March 2024 and InFinT Acquisition from March 2021 to September 2024. In addition, Mr. Chen has been an Adjunct Associate Professor at New York University since November 2012 and holds a Ph.D. in Finance from the University of Lausanne.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.		Description
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FARADAY FUTURE INTELLIGENT ELECTRIC INC.

Date: April 17, 2026	By:	/s/ Koti Meka
	Name:	Koti Meka
	Title:	Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Faraday Future overhauls board, co-CEO to step down