Shareholder group M&M Residual nominates five independent directors.

M&M Residual, a shareholder group owning 4.5% of Nikola Corp, has nominated five independent director candidates for election to the company's board. The move follows a 65% drop in Nikola's stock value over the past year. M&M Residual issued a statement criticizing CEO Steve Girsky and the board for overseeing a decline in Nikola's stock from $30+ per share to less than 70 cents per share since Girsky took over in 2020.

February 20, 2024
7 Articles

Further Reading