Business Context and Reporting Period
Evgo Inc. filed this Form 8-K on February 22, 2022, reporting cash non-equity incentive compensation awarded to named executive officers for fiscal year 2021. The report was signed on February 28, 2022.
Compensation and Key Financial Information
- Catherine Zoi, Chief Executive Officer and Director: $388,524.
- Ivo Steklac, Chief Technology Officer: $169,463.
- Olga Shevorenkova, Chief Financial Officer: $208,909.
- Total reported executive incentive compensation: $766,896.
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating metrics.
Material Changes Versus the Prior Comparable Period
The filing does not provide comparative compensation amounts or other prior-period financial information. It states that the bonuses were approved at each executive’s previously disclosed target amount based on achievement of 2021 corporate objectives.
Guidance, Outlook, Risks, Contingencies, and Unusual Items
The filing provides no guidance or outlook. The stated performance objectives included operating performance, business development, and activities related to Evgo becoming a public company. No material risks, contingencies, or unusual financial items are disclosed.
Investor Verification Points
- Verify the executives’ previously disclosed incentive compensation targets and the underlying 2021 performance objectives.
- Confirm whether the reported payments are included in the company’s 2021 executive compensation disclosures and financial statements.
- Review other filings for Evgo’s 2021 revenue, loss, cash position, liquidity, capital expenditures, and debt, which are not included in this Form 8-K.