# EDGAR Filing Document

**Accession Number:** 0001820630
**File Stem:** 0001628280-23-003531
**Filing Date:** 2023-2
**Character Count:** 13866
**Document Hash:** 5f0e1712ce0f3d393c7a005ddfcd4dcc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-23-003531.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001628280-23-003531

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230213

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Proterra Inc
- **CENTRAL INDEX KEY:** 0001820630
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39546
- **FILM NUMBER:** 23629970

**BUSINESS ADDRESS:**
- **STREET 1:** 1815 ROLLINS ROAD
- **CITY:** BURLINGAME
- **STATE:** CA
- **ZIP:** 94010
- **BUSINESS PHONE:** 650-689-8284

**MAIL ADDRESS:**
- **STREET 1:** 1815 ROLLINS ROAD
- **CITY:** BURLINGAME
- **STATE:** CA
- **ZIP:** 94010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ArcLight Clean Transition Corp.
- **DATE OF NAME CHANGE:** 20200806

?xml version="1.0" ? ptra-20230213

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

**Date of report (Date of earliest event reported): February 13, 2023**

**Proterra Inc** 

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-39546** | **98-1551379** |
| (State or other jurisdiction of <br>incorporation or organization) | (Commission<br>File Number) | (I.R.S. Employer<br>Identification Number) |

---

**1815 Rollins Road** 

**Burlingame, California 94010** 

(Address of registrant's principal executive offices, and zip code)

**(864) 438-0000**

(Registrant's telephone number, including area code)

**N/A**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

&nbsp;&nbsp;&nbsp;&nbsp;

☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

&nbsp;&nbsp;&nbsp;&nbsp;☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

&nbsp;&nbsp;&nbsp;&nbsp;☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

&nbsp;&nbsp;&nbsp;&nbsp;☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.0001 par value per share | PTRA | The Nasdaq Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.**

(c) On February 13, 2023, the Board of Directors of Proterra Inc (the "Company") appointed Julian R. Soell, age 55, as Chief Operating Officer of the Company and its subsidiaries, effective March 1, 2023. Mr. Soell will transition to the Chief Operating Officer role from his current role as President of Proterra Transit.

Mr. Soell initially joined the Company on May 2, 2022 as President of Proterra Transit. Prior to joining the Company, Mr. Soell served as Chief Operating Officer of Repairify Inc., a company in the automotive repair and maintenance industry, from January 2021 to April 2022. Prior to that, he served as a Managing Director in customer service and operations roles at Delta Airlines, a global airline, from August 2016 to February 2020, including as Managing Director of Airport Customer Service, Airports East, Managing Director, OCC and Aircraft Turn Process and Managing Director, Operations and Customer Service, Delta Cargo. Mr. Soell has also held management positions at Mercedes-Benz, and senior engineering positions at Harley-Davidson, Inc. and Ford Motor Company. He holds a B.S. degree in mechanical engineering from Lehigh University, an M.S. degree in mechanical engineering from Ohio State University, and an M.B.A. in finance from University of Michigan.

There are no arrangements or understandings between Mr. Soell and any other person pursuant to which Mr. Soell was selected to become the Chief Operating Officer of the Company. Mr. Soell does not have any family relationship with any executive officer or director of the Company, or with any person selected to become an executive officer or director of the Company. Neither Mr. Soell nor any member of his immediate family has any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. There is no grant, award, plan, contract, arrangement or material amendment to any of the foregoing that Mr. Soell has entered into in connection with his appointment as Chief Operating Officer at this time.

On February 13, 2023, the Board of Directors of the Company also appointed Christopher L. Bailey, age 42, as Chief Business Officer of the Company and its subsidiaries effective March 1, 2023. Mr. Bailey will transition to the Chief Business Officer role from his current role as President of Proterra Powered & Energy.

Mr. Bailey initially joined the Company on May 20, 2021 as Senior Vice President of Proterra Energy. In October 2021, the Company appointed Mr. Bailey, as the President of Proterra Powered & Energy of the Company. Prior to joining Proterra, Mr. Bailey served as Vice President of Product Innovation & Technology Strategy at Hubbell Incorporated, an international manufacturer of electrical and electronic products, from December 2020 to May 2021. He served as Vice President of Hubbell Integrated Solutions from August 2017 to December 2020. Mr. Bailey also held various leadership positions at Hubbell Lighting from June 2004 to April 2018. Mr. Bailey holds a B.S. degree in Integrated Studies, with an emphasis in Computer Science & Business Administration from Middle Tennessee State University.

There are no arrangements between Mr. Bailey and any other person pursuant to which Mr. Bailey was selected to become Chief Business Officer of the Company. Mr. Bailey does not have any family relationship with any executive officer or director of the Company, or with any person selected to become an officer or director of the Company. Neither Mr. Bailey nor any member of his immediate family has any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. There is no grant, award, plan, contract, arrangement or material amendment to any of the foregoing that Mr. Bailey has entered into in connection with his appointment as Chief Business Officer at this time.

**Item 7.01 Regulation FD Disclosure.**

A copy of the press release issued by the Company announcing the appointments described above is being furnished as Exhibit 99.1 to this filing. The information in this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

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**Item 9.01 Financial Statements and Exhibits.**

(d) Exhibits.

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| | |
|:---|:---|
| Exhibit Number | Exhibit Description |
| 99.1 | <u>[Press Release](a8-k2x13x2023ex991.htm)[dated](a8-k2x13x2023ex991.htm)[February 13, 2023](a8-k2x13x2023ex991.htm)</u> |
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K. |

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**SIGNATURES** 

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 14, 2023

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| | |
|:---|:---|
| **PROTERRA INC** | **PROTERRA INC** |
| By: | <u>/s/</u> *<u>Gareth T. Joyce</u>* |
| Name: | Gareth T. Joyce |
| Title: | *Chief Executive Officer* |

---

## Exhibit 99.1

**EX 99.1**

**Proterra Announces Appointments of Julian Soell as Chief Operating Officer and Chris Bailey as Chief Business Officer** 

BURLINGAME, Calif. – Proterra Inc (NASDAQ: PTRA), a leading innovator in commercial vehicle electrification technology, today announced the appointments of Julian Soell as Chief Operating Officer and Chris Bailey as Chief Business Officer effective March 1, 2023.

"Julian and Chris are skilled executives who in their new roles will drive greater operational and financial rigor across our entire organization. With their proven track records of execution at our company, I'm looking forward to building on our foundation as we focus on sustainable growth to meet the opportunities ahead for zero-emission transportation," said Proterra CEO Gareth Joyce.

As Chief Operating Officer, Julian will oversee all of Proterra's manufacturing and plant operations, quality, and supply chain across the Company's business units that includes Proterra Transit and Proterra Powered & Energy. In his role as Chief Business Officer, Chris will lead all commercial activities for Proterra including business development, sales and marketing, customer program management, as well as customer success and service.

Previously President of Proterra Transit, Julian has more than 30 years of automotive and operational experience. Prior to joining Proterra, Julian most recently serving as Chief Operating Officer at Repairify, a high-growth global leader in automotive service, technology and business insights solutions. Previously, he held engineering leadership roles at automotive companies including Mercedes Benz USA, Ford Motor Company, and Harley-Davidson Motor Company. Outside of the automotive industry, Julian has also held large operational and customer service roles at Delta Air Lines.

Chris Bailey most recently held the role of President of Proterra Powered & Energy. Chris is a technology and market development executive who, prior to joining Proterra, served in numerous customer-focused product management roles over 17 years with Hubbell Incorporated. At Hubbell, he most recently served as Vice President of Product Innovation and Technology Strategy and Vice President of Hubbell Integrated Solutions, responsible for product management and market development efforts for Hubbell's integrated technology strategy.

**ABOUT PROTERRA**

Proterra is a leader in the design and manufacture of zero-emission electric transit vehicles and EV technology solutions for commercial applications. With industry-leading durability and energy efficiency based on rigorous U.S. independent testing, Proterra products are proudly designed, engineered, and manufactured in America, with offices in Silicon Valley, South Carolina, and Los Angeles. For more information, please visit <u>Proterra.com</u>.

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements with respect to the impact of the Company's leadership and leadership organization. Forward-looking statements are predictions and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to significant risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including risks and uncertainties set forth in the sections entitled "Risk Factors" in Proterra's Annual Report for the year ended December 31, 2021 filed with the U.S. Securities and Exchange Commission (the "SEC") on March 14, 2022, and in Proterra's subsequent Quarterly Reports on Form 10-Q and other filings with the SEC. These filings identify and address other important risks and uncertainties that could

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cause actual events and results to differ materially from those contained in the forward-looking statements. The forward-looking statements included in this press release speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Proterra assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Proterra does not give any assurance that it will achieve its expectations.

**CONTACT**

Media Contact

Proterra Corporate Communications

<u>PR@proterra.com</u> 

Investor Contact

Proterra Investor Relations

<u>IR@proterra.com</u>

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