Kroeger has transferred his option awards to Daimler North America Corporation, an affiliate of his employer. Comments Please print your comments below. The cost of goods is driving upward and the net operating income is collapsing deeper into the red with now five years of losses and mounting. Audit Committee The Audit Committee, which has been established in accordance with Section 3 a 58 of the Exchange Act, currently consists of Messrs. The Compensation Committee meets monthly to approve stock option grants, which grants become effective as of the second Monday of the month, in accordance with our equity incentive award grant policy. There are seven pillars of Corporate Responsibility according to Council for Corporate Responsibility: Diversity and Inclusion, Environmental Sustainability, Governance, Global Enrichment, Organizational Health, Philanthropy, and Supply Chain Integrity. Musk for the periods presented in the Summary Compensation Table.
No disclosure is provided for 2010 for Mr. During the quarter, Tesla introduced the Roadster in five additional countries and opened a new store in Paris. Even if the selection is ratified, the Audit Committee in its discretion may direct the appointment of a different accounting firm at any time during the year if the Audit Committee determines that such a change would be in the best interests of Tesla and its stockholders. Employee Compensation Risks Teslas management and the Compensation Committee have assessed the risks associated with Teslas compensation policies and practices for all employees, including non-executive officers. Gilbert Passin has served as our Vice President, Manufacturing since January 2010. Q: Where is the 2013 Annual Meeting? Compensation Committee Interlocks and Insider Participation Messrs.
Moreover, under the revised policy, option awards for service on the Board, Board Committees and as Chairs of Board Committees are triennial and vest over three years. In certain limited cases, we have granted an executive up to 12 months vesting acceleration of certain stock options in the event of a termination of employment following a change of control. The two nominees for director receiving the highest number of affirmative votes will be elected as directors. Musk has served, and continues to serve, as our Chief Product Architect. Elon Musk and Kimbal Musk who are brothers, there are no other family relationships among any of our directors or executive officers. By Internet Stockholders of record of Tesla common stock with Internet access may submit proxies by following the Vote by Internet instructions on the Notice of Internet Availability until 1:00 a. Moreover, in determining how often to hold a stockholder advisory vote on the compensation of our named executive officers, the Board of Directors took into account our stockholders preference approximately 74% of stockholder votes cast for a triennial vote.
An entity still has the option to perform a qualitative assessment to determine if the quantitative impairment test is necessary. Musk possesses specific attributes that qualify him to serve as a member of our Board of Directors, including the perspective and experience he brings as our Chief Executive Officer, one of our founders and our largest stockholder, which brings historic knowledge, operational expertise and continuity to our Board of Directors. The Elon Musk Revocable Trust dated July 22, 2003 is a limited partner of Draper Fisher Jurvetson Fund X, L. Late Thursday, the maker of the critically acclaimed Tesla Model S , which in accordance with U. As the stockholder of record, you have the right to grant your voting proxy directly to Tesla or to a third party, or to vote in person at the 2013 Annual Meeting.
Herbert Kohler, a former member of our Board until his resignation effective December 12, 2012, is a Vice President of Blackstar and Daimler. Broker non-votes will be counted for purposes of calculating whether a quorum is present at the 2013 Annual Meeting, but will not be counted for purposes of determining the number of votes present in person or represented by proxy and entitled to vote with respect to a particular proposal. Tesla runs the risk of being pushed out of the automobile industry by larger, more establish companies including those companies that manufacture luxury vehicles. A: If your shares are registered directly in your name with Teslas transfer agent, Computershare Trust Company, N. Passin, who was not a named executive officer in 2010.
A: The Board of Directors of Tesla Motors, Inc. Kohler had waived any cash compensation for his services as a director. Accordingly, our interest rate swaps are recorded at fair value on the consolidated balance sheets within other assets or other long-term liabilities, with any changes in their fair values recognized as other income expense , net, in the consolidated statements of operations and with any cash flows recognized as investing activities in the consolidated statements of cash flows. As of December 31, 2016, one customer represented 10% or more of our total accounts receivable balance. As of December 31, 2012, all work under this agreement has been completed. Includes 9,470,000 shares pledged as collateral to secure certain personal indebtedness.
Elon Musk, Ahuja, Straubel and Blankenship, who received a small discount afforded to all Tesla employees for certain options for Signature series Model S vehicles. However, during the three months ended March 31, 2017, we terminated the incentive compensation arrangement and accelerated the payments thereunder. Straubel 37 Chief Technology Officer Gilbert Passin 52 Vice President, Manufacturing George Blankenship 59 Vice President, Worldwide Retail Elon Musk. By furnishing a Notice of Internet Availability and access to our proxy materials by the Internet, we are lowering the costs and reducing the environmental impact of our annual meeting. It is the responsibility of the Audit Committee to oversee these activities. Potential Payments Upon Termination or Change of Control Termination or Change of Control Arrangements We entered into an offer letter agreement with Deepak Ahuja, our Chief Financial Officer, on June 13, 2008.
Image source: Tesla Motors Looking much further out, Musk said at Tesla's annual shareholder meeting that multiple factories around the world could mean millions of Tesla vehicles sold every year. Only the aggressive excess cash generation is offsetting this destruction of capital but not for long. In looking at the acid test ratio, Tesla has a high liquidity ratio as compared to the industry average. Fair value adjustments recorded during the measurement period a period not to exceed 12 months may have a material impact on our consolidated financial statements. Securities and Exchange Commission on April 17, 2013. In January and June 2012, as awards for his contributions to various patents we were granted, Mr. While the Compensation Committee cannot predict how the deductibility limit may impact our compensation program in future years, the Compensation Committee intends to maintain an approach to executive compensation that strongly links pay to performance.