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Get HYLN alertsJon Panzer is recorded as CFO at Hyliion Holdings Corp. (HYLN). Hyliion Holdings Corp. reported in an 8-K filed September 12, 2022 that Jon Panzer was appointed Chief Financial Officer, effective September 12, 2022. The proxy statement of Hyliion Holdings Corp. reports total compensation of $1,172,862 for Jon Panzer in fiscal 2025, including a base salary of $450,000. Disclosed compensation is on record for 6 fiscal years. Jon Panzer has spoken on 9 earnings calls across 1 company, most recently for Hyliion Holdings Corp. on February 26, 2025. Hyliion Holdings Corp. is classified in the Auto Parts industry within the Consumer Cyclical sector. Other leadership on record at Hyliion Holdings Corp. includes Thomas Healy (CEO and Board Member), Jeffrey Craig (Chairman), Greg Standley (CFO) and 7 others.
“On September 8, 2022, the Board of Directors of Hyliion Holdings Corp., a Delaware corporation (the “Company”) approved the hiring and appointment of Jon Panzer as Chief Financial Officer of the Company, effective on September 12, 2022.”
“Starting with 2024 fourth quarter results, we recorded revenue of $1.5 million for research and Development Services related to our previously announced contracts with the Office of Naval Research.”
“Operating expenses for the second quarter were $14 million compared to $38.5 million in the second quarter of 2023. This decrease in expenses is related to the wind down of our powertrain business, partly offset by an increase in KARNO spending this year.”
“Operating expenses for the first quarter were $19 million compared to $31.9 million in the first quarter of 2023. The decrease in expenses is entirely related to the shutdown of our powertrain business, partly offset by an increase in KARNO spending this year.”
“I will start with a quick update regarding the impact of the shutdown of powertrain on our financial results. We expect total shutdown costs to be approximately $20.4 million exclusive of any proceeds we may receive from the sale of assets and technology.”
“Starting with our financial results for the quarter, we reported $96,000 in revenue from sales of hybrid systems. Operating expenses totaled $33.3 million compared to $62.9 million in the prior year quarter, which included a one-time charge of $28.8 million related to the purchase of KARNO last year.”
Auto Parts · Consumer Cyclical
CFO
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2025 | Hyliion Holdings Corp. (HYLN) | Chief Financial Officer | $450,000 | $1,172,862 |
| 2024 | Hyliion Holdings Corp. (HYLN) | Chief Financial Officer | $450,000 | $1,170,950 |
| 2023 | Hyliion Holdings Corp. (HYLN) | Chief Financial Officer | $450,000 | $921,500 |
| 2022 | Hyliion Holdings Corp. (HYLN) | Chief Financial Officer | $129,808 | $861,133 |
| 2021 | Hyliion Holdings Corp. (HYLN) | Chief Financial Officer | — | — |
| 2020 | Hyliion Holdings Corp. (HYLN) | Chief Financial Officer | — | — |
