Nu Ride Inc. (NRDE) calls its 2025 Annual Meeting for December 11, 2025 at 12:00 p.m. ET, to be held virtually at www.virtualshareholdermeeting.com/NRDE2025. Stockholders will vote on seven items, including electing one Class I director, ratifying BDO as auditor for fiscal 2025, and amending the 2020 Equity Incentive Plan to increase the Class A share reserve by 1,000,000 shares.
The Board recommends voting “FOR” all proposals except Proposal Five, where it recommends a “3 YEARS” frequency for future say‑on‑pay votes. The director nominee is Neil Weiner for a three‑year term. An amendment to the NOL Protective Provisions is also on the ballot. The record date is October 17, 2025, with 16,096,296 Class A shares outstanding and Preferred Stock convertible into 1,321,560 Class A shares eligible to vote, for an aggregate of 17,417,856 voting shares.
Nu Ride Inc. reported a leadership change and updated its advisory arrangement. Effective September 26, 2025, the board appointed Alexander C. Matina as Chief Executive Officer, President, Treasurer, Secretary and principal financial officer, succeeding William Gallagher, whose role was provided through M3 Advisory Partners.
The company amended its engagement letter with M3 Advisory Partners so M3 continues to support operations, assets, liabilities and related matters, but without supplying the CEO. Under his new employment agreement, Mr. Matina will receive a $415,000 annual base salary, annual RSU grants valued at $50,000 as CEO and $110,000 as a board member, plus $4,000 per month for outside healthcare and potential discretionary bonuses.