Company: REE
Filing Date: 2025-11-12
Form Type: 6-K/A
Source: 0001213900-25-108470
Chunk: 3

Company: REE Automotive Ltd.
Filing Date: 2025-11-12
Form: 6-K/A
Chunk 3
---
 cash bonus for the year 2024 shall be deferred until the earlier to occur of: (a) the Company receives accumulated cash proceeds exceeding $12 million at any time after the approval of Proposal No. 3 by our shareholders, or (b) the consummation of a merger, acquisition or other “Change of Control” transaction (excluding a complete liquidation or dissolution of the Company), each as determined by the Board of Directors in its discretion.

<div align='center'>2</div>

Proposal No. 3 is further supplemented to modify and restate the prior Section titled “Summary” with the following:

Summary

In
their deliberations regarding the CTO’s compensation, the compensation committee and Board of Directors were advised by Pearl Meyer,
the compensation consultant who prepared the peer group study referred to above. As part of its assessment, Pearl Meyer used its own survey
data survey, along with the Radford Technology Compensation Survey and Towers Watson Executive Compensation Survey. It then collected
market data with respect to the 25, 50, and 75, percentile for each individual component of pay
(i.e., base salary, target annual incentives, long-term incentives, and total cash compensation). Benchmarks were then matched
to organizations of similar revenue size to REE. Market consensus compensation levels for each executive were developed using a (50%/50%)
blend of the peer companies and survey data. Our CTO’s compensation was then compared against the second highest paid individual
at the Peer Group Companies.

The
compensation committee and Board of Directors believe that the special cash bonus for 2024 together with the proposed amended terms of
employment for Mr. Sardes, as described above, will allow the Company to retain, encourage and incentivize Mr. Sardes, including during
the Company’s current challenges, and help promote the realization of the Company’s strategic goals and objectives. In particular,
the compensation committee and Board of Directors believe that the proposed equity compensation components of the proposed amended terms
of employment will allow us to share with Mr. Sardes, proportionately, the fruits of any increase in the Company’s ordinary share
value over time, aligning with shareholder interests and incentivizing him to maximize the results of the Company’s activities and
the market price of its ordinary shares in the long-term, as well as to encourage and strengthen Mr. Sardes’ sense of partnership
and interest in the long-term success of the Company.

Additionally,
the Board believes that Mr. Sardes