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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): July 18, 2022
ARCIMOTO,
INC.
(Exact
name of registrant as specified in its charter)
Oregon
(State
or other jurisdiction of incorporation)
| 001-38213 |
|
26-1449404 |
| (Commission |
|
(IRS Employer |
| File Number) |
|
Identification No.) |
2034
West 2nd Avenue, Eugene, OR 97402
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code (541) 683-6293
(Former
name or former address, if changed since last report.)
Securities
registered pursuant to Section 12(b) of the Act:
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 |
| Common stock, no par value |
|
FUV |
|
Nasdaq Capital Market |
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
8.01 Other Events.
On
July 18, 2022, Arcimoto, Inc. (the “Company”) distributed a press release regarding the annual meeting of shareholders and
other matters.
Caution
With Respect To Forward-looking Statements:
Except
for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking
statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations,
strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements
are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These
statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict and
include, without limitation, our expectations as to product deliveries, the establishment of our service and delivery network and our
expected rate of production. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed
or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the
SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: our ability to manage
the distribution channels for our products, including our ability to successfully implement our rental strategy, direct to consumer distribution
strategy and any additional distribution strategies we may deem appropriate; our ability to design, manufacture and market vehicle models
within projected timeframes given that a vehicle consists of several thousand unique items and we can only go as fast as the slowest
item; our inexperience to date in manufacturing vehicles at the high volumes that we anticipate; our ability to maintain quality control
over our vehicles and avoid material vehicle recalls; the number of reservations and cancellations for our vehicles and our ability to
deliver on those reservations; unforeseen or recurring operational problems at our facility, or a catastrophic loss of our manufacturing
facility; our dependence on our suppliers; changes in consumer demand for, and acceptance of, our products: changes in the competitive
environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general
economic conditions and of the automotive industry more specifically; changes in laws or regulations governing our business and operations;
costs and risks associated with potential litigation; and other risks described from time to time in periodic and current reports that
we file with the SEC. Any forward-looking statements speak only as of the date on which they are made, and except as may be required
under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.
Item
9.01. Exhibits.
(d)
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
| |
ARCIMOTO, INC. |
| |
|
|
| Date: July 18, 2022 |
By: |
/s/ Mark Frohnmayer |
| |
|
Mark Frohnmayer |
| |
|
Chief Executive Officer |
EXHIBIT
INDEX
3
Exhibit 99.1
Arcimoto Appoints
Chief Business Support Officer and Chief Supply Chain Officer
Annual shareholder meeting rescheduled to July
29 to allow time to meet quorum requirements
EUGENE, Ore., July 18, 2022 – Arcimoto, Inc.® (NASDAQ:
FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, has appointed Ray Nichols
as Chief Business Support Officer and Chad Boardrow as Chief Supply Chain Officer. Arcimoto stakeholders can keep abreast of the latest
company news by following Arcimoto’s Weekend Stakeholder Update.
“I’m thrilled to welcome Ray and Chad to the C-suite of
Arcimoto,” said Mark Frohnmayer, Arcimoto Founder and CEO. “They have both shouldered giant burdens as the venture has grown
these last several years, and the entire team is looking forward to their continued and expanded leadership moving forward. Ray’s
positive attitude and boundless energy are exactly what the team needs as we grow in complexity and intensity, and Chad’s steadfast
dedication and steady hand on the tiller are just what the doctor ordered for staying on top of a chaotic global EV supply chain.”
Nichols has over 20 years of experience in Business Management and
Logistics. His Arcimoto career started in December of 2017 as Warehouse Manager. He was promoted to Director of Logistics in December
of 2020. Nichols specializes in people and business development, and is responsible for expanding Arcimoto’s footprint while maintaining
existing systems, including Logistics, Facilities and Business Affairs.
“I’m excited for the opportunity to continue serving Arcimoto’s
employees and customers in a new capacity,” commented Nichols. “I’d like to give a special thanks to everyone that has
supported me in this wonderful endeavor. Now, let’s get to it!”
Boardrow brings almost 20 years of Supply Chain experience focused
on the production manufacturing environment specifically electronics and vehicles. He joined Arcimoto in June of 2019 as a Materials Manager.
Within 6 months he was promoted to Director of Materials. A USMC Veteran, Chad holds certifications in production and inventory management
(CPIM) and a Lean Six Sigma Green Belt.
“It’s no secret that manufacturing operations around the
world have experienced significant supply chain issues since COVID hit in 2020,” said Boardrow. “I look forward to expanding
the efforts I started as Director of Materials, to work with our supplier partners and our manufacturing team to straighten out issues
and keep the RAMP humming.”
In Other News
Arcimoto’s 2022 Annual Meeting of Shareholders (the “2022
Annual Meeting”) on July 15, 2022 at 9:00 a.m. PDT was convened and adjourned until 9:00 a.m. PDT on Friday, July 29 in order to
allow the remaining 3% of shares to be voted as required for quorum.
Only shareholders of record, as of the record date, April 20, 2022,
are entitled to and are being requested to vote. Proxies previously submitted in respect of the 2022 Annual Meeting will be voted at the
adjourned 2022 Annual Meeting unless properly revoked, and stockholders who have previously submitted a proxy or otherwise voted need
not take any action.
For the latest company updates, check out our latest Weekend Stakeholder
Update video. Follow Arcimoto on YouTube, Facebook, Instagram, Twitter, TikTok, and LinkedIn. Investor information about the company,
including press releases, stakeholder webcast replays, and more can be found at http://arcimoto.com/ir.
About Arcimoto, Inc.
Arcimoto is a pioneer in the design and manufacture of rightsized,
ultra-efficient, incredibly fun electric vehicles for everyday mobility. Built on the revolutionary three-wheel Arcimoto Platform, our
vehicles are purpose-built for daily driving, local delivery, and emergency response, all at a fraction of the cost and environmental
impact of traditional gas-powered vehicles. Based in Eugene, Oregon, the Arcimoto team is dedicated to creating world-class EVs that make
the world a better place. For more information, please visit Arcimoto.com.
Public Relations Contact:
Megan Kathman
(651) 785-3212
pr@arcimoto.com
Investor Relations Contact:
investor@arcimoto.com