0001628280-21-018185.txt : 20210908 0001628280-21-018185.hdr.sgml : 20210908 20210907212232 ACCESSION NUMBER: 0001628280-21-018185 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20210907 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20210908 DATE AS OF CHANGE: 20210907 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: 211240534 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 8-K 1 ptra-20210907.htm 8-K ptra-20210907
0001820630false00018206302021-09-072021-09-0700018206302021-08-112021-08-110001820630us-gaap:CommonStockMember2021-09-072021-09-070001820630us-gaap:WarrantMember2021-09-072021-09-07

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): September 7, 2021 (August 31, 2021)
Proterra Inc
(Exact name of registrant as specified in its charter)
Delaware
001-39546
98-1551379
(State or other jurisdiction of
incorporation or organization)
(Commission
File Number)
(I.R.S. Employer
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:
  Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  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:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.0001 par value per sharePTRAThe Nasdaq Stock Market LLC
Warrants, each whole warrant exercisable for Common Stock at an exercise price of $11.50 per sharePTRAWThe Nasdaq Stock Market LLC

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.




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

(c)    As previously disclosed, effective September 1, 2021, Joshua P. Ensign was appointed as the President of Proterra Transit, a business unit of Proterra Inc. The information regarding Mr. Ensign contained in Item 5.02(c) of the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 11, 2021, is incorporated herein by this reference. In connection with his appointment to President of Proterra Transit, effective September 1, 2021, Mr. Ensign's base salary was increased from $375,000 to $400,000, and his annual bonus opportunity was increased from 50% to 75% of base salary.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit NumberExhibit Description
104Inline XBRL for the cover page of this Current Report on Form 8-K.

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: September 7, 2021

PROTERRA INC
By:/s/ John J. Allen
John J. Allen
Chief Executive Officer


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Cover
Sep. 07, 2021
Aug. 11, 2021
Entity Listings [Line Items]    
Document Type 8-K  
Document Period End Date Sep. 07, 2021  
Entity Registrant Name Proterra Inc  
Entity Incorporation, State or Country Code DE  
Entity File Number 001-39546  
Entity Tax Identification Number 98-1551379  
Entity Address, Address Line One 1815 Rollins Road  
Entity Address, City or Town Burlingame  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 94010  
City Area Code 864  
Local Phone Number 438-0000  
Entity Information, Former Legal or Registered Name  
Written Communications false  
Soliciting Material false  
Pre-commencement Tender Offer false  
Pre-commencement Issuer Tender Offer false  
Entity Emerging Growth Company true  
Entity Ex Transition Period true  
Entity Central Index Key 0001820630  
Amendment Flag false  
Common Stock, $0.0001 par value per share    
Entity Listings [Line Items]    
Title of 12(b) Security Common Stock, $0.0001 par value per share  
Trading Symbol PTRA  
Security Exchange Name NASDAQ  
Warrants, each whole warrant exercisable for Common Stock at an exercise price of $11.50 per share    
Entity Listings [Line Items]    
Title of 12(b) Security Warrants, each whole warrant exercisable for Common Stock at an exercise price of $11.50 per share  
Trading Symbol PTRAW  
Security Exchange Name NASDAQ  
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