Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 87

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 5
Chunk 87
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 General Meeting and Board Appointment

On March 6, 2025, we held our annual general meeting for the fiscal year-end 2024, or the Meeting, and our shareholders approved each of the following proposals: (i) a proposal to approve the re-election of each of Carlton Rose, Hicham Abdessamad, Ittamar Givton, Rajesh Goel, Ahishay Sardes and Daniel Barel to serve as directors of the Company, each to hold office until the close of business on the date of the next annual general meeting of shareholders and until his respective successor is duly elected and qualified, or until such individual’s earlier resignation or retirement, (ii) to approve an amendment to the Company’s Articles to increase the authorized share capital of the Company to 55,333,333 Class A Ordinary Shares, and 2,780,570 Class B Ordinary Shares, and (iii) to approve the re-appointment of Kost, Forer, Gabbay & Kasierer, a member firm of Ernst & Young Global, as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, and its service until the next annual general meeting of shareholders, and to authorize the Board of Directors, upon the recommendation of the Audit Committee, to fix the remuneration of the independent registered public accounting firm.

Table of C ontents

More specifically, our shareholder approved an increase by 22,000,0000 in the authorized share capital of the Company, bringing the total authorized share capital of the Company from 33,333,333 Class A Ordinary Shares to 55,333,333 Class A Ordinary Shares, and 2,780,570 Class B Ordinary Shares, no par value per share.

The increase allows us to have sufficient authorized Class A Ordinary Shares available to pursue opportunities, which may arise from time-to-time, without undue delay and expenses including (i) the issuance of additional Class A Ordinary Shares to raise capital for the Company’s business or to purchase property or assets, (ii) to execute potential acquisitions, (iii) to grant options to acquire Class A Ordinary Shares in connection with potential strategic relationships, or (iv) to make grants under the 2021 REE Automotive Ltd. Share Incentive Plan, each subject to receipt of all requisite approvals under Israeli law.

Additionally, following the Meeting, our board of directors determined that it was in the best interest of the Company to increase the size of our board of directors