UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 6, 2021, the Board of Directors (the “Board”) of Ouster, Inc. (the “Company”), upon the recommendation of the Nominating and Corporate Governance Committee (the “Nominating Committee”), appointed Ms. Karin Rådström to serve as a Class I director of the Board for a term ending at the 2022 annual meeting of stockholders of the Company, effective October 6, 2021 (the “Effective Date”). Ms. Rådström will stand for election by the Company’s stockholders at the 2022 annual meeting. In approving the appointment, the Board concluded that Ms. Rådström satisfies the independence requirements of the New York Stock Exchange and the Company’s Corporate Governance Guidelines. Ms. Rådström was also appointed to serve as a member of the Board’s Nominating Committee.
Karin Rådström, 42, has served as Chief Executive Officer of Mercedes-Benz Trucks and a member of the Board of Management of Daimler Truck AG, Germany since February 2021 and as a member of the Supervisory Board of Piab AB, Sweden since June 2019. From March 2019 to January 2021, Ms. Rådström served as Head of Sales and Marketing and as a member of the Executive Board of Scania CV AB (“Scania”). She previously served as Senior Vice President, Head of Buses and Coaches of Scania from November 2016 to February 2019 and as Director of Pre-Sales and Marketing Communication of Scania East Africa Ltd. from October 2014 to December 2015. Ms. Rådström brings significant sales and marketing experience at large commercial vehicle manufacturers to the Company’s Board and her broad knowledge on technological transformation in the automotive industry is expected to be beneficial to Ouster’s Board.
Ms. Rådström will be entitled to the standard compensation paid by the Company to all of its non-employee directors as set forth in the Company’s Non-Employee Director Compensation Policy. Ms. Rådström is expected to enter into the Company’s standard form of indemnification agreement with the Company.
There are no arrangements or understandings between Ms. Rådström and any other person pursuant to which she was selected as a director. There are no family relationships between Ms. Rådström and any director or executive officer of the Company, and she does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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.
| OUSTER, INC. | ||||||
| Date: October 13, 2021 | By: | /s/ Myra Pasek | ||||
| Myra Pasek | ||||||
| General Counsel and Secretary | ||||||