Arrive AI Inc 8-K, filed Jun 2, 2025
Arrive AI Inc. (ARAI)
About this 8-K
Arrive AI Inc filed this 8-K on June 2, 2025, reporting on events of May 28, 2025.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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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
Non-Employee Director Appointments
Effective June 1, 2025, the board of directors (the “Board”) of Arrive AI, Inc. (the “Company”) appointed Laurie A. Tucker as independent director and member of the Board as well as member of the compensation committee of the Company’s Board. Ms. Tucker is a senior executive with 35 years of experience in operations, technology, supply chain and marketing, expanding markets, leveraging technology and re-engineering the marketing function. Ms. Tucker started her career at FedEx Corporation in 1978, serving the global logistics and print services firm offering supply chain digital printing, document management and transportation solutions in different roles over the years. Ms. Tucker gained most of her relevant skills and expertise in leadership of global products and services development, including brand advertising, sponsorship, alliances, retail, supply chain, eCommerce, strategy, research, innovation, customer relationship management and print services, under her last role at FedEx as senior vice president of corporate marketing reporting directly to the chief executive officer until her retirement in 2013. Ms. Tucker currently serves on the board of directors of Forward Air Corporation, Bread Financial, and as chair of the board of directors of Memphis, Tenn., Women’s Advocacy Center and has served in the past on numerous other boards, including Iron Mountain and the University of Memphis Board of Visitors. Ms. Tucker is also the co-founder and chief strategy officer of Calade Partners LLC in Memphis TN since 2014 and is the former executive director of the Economic Club of Memphis. Ms. Tucker holds a B.B.A. in accounting and an M.B.A. from Fogelman School University of Memphis. The Board believes that Ms. Tucker’s extensive leadership experience will make her a valuable addition to the Company’s Board.
Compensatory Arrangements
Ms. Tucker will be eligible to participate in the Company’s outside director compensation plan.
Family Relationships
There are no family relationships between Ms. Tucker and any of the Company’s directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer.
Related Party Transactions
Since the beginning of the Company’s last fiscal year through the present, there have been no transactions with the Company, and there are currently no proposed transactions with the Company, in which the amount involved exceeds $120,000, and in which Ms. Tucker had, or will have, a direct or indirect material interest within the meaning of Item 404(a) of Regulation S-K. No arrangement or understanding exists between Ms. Tucker and any other person pursuant to which she was selected as a director of the Company.
Item 8.01. Other Events.
On June 2, 2025, the Company issued a press release announcing the appointment of Ms. Tucker to the Company’s Board, as described in Item 5.02 above. A copy of the press release is furnished as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
| (d) | Exhibits: |
| Exhibit No. | Description | |
| 99.1 | Press Release by Arrive AI, Inc. dated June 2, 2025. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| 1 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ARRIVE AI, INC. | ||
| Date: June 2, 2025 | By: | /s/ Daniel S. O’Toole |
| Daniel S. O’Toole | ||
| Chief Executive Officer | ||
| 2 |
Exhibit 99.1
Arrive AI Appoints Former FedEx Executive Laurie Tucker to Board of Directors
INDIANAPOLIS – (June 2, 2025) – Arrive AI (NASDAQ:ARAI), an autonomous delivery network anchored by patented AI-powered Arrive Points™, announced today that Laurie Tucker, has joined its Board of Directors. Tucker, a former Senior Vice President of Marketing at FedEx and an experienced board member, brings invaluable logistics and strategic expertise to Arrive AI.
“Laurie Tucker’s proven ability to innovate in last-mile logistics is a tremendous asset for Arrive AI,” said Dan O’Toole, CEO of Arrive AI. “We look forward to the benefit of her inputs to our strategic vision to accelerate our enabling of autonomous last-mile delivery with our AI-powered Arrive Points, delivering unmatched efficiency and security for customers and value for shareholders.”
Tucker’s impressive career includes nearly 14 years with FedEx services, culminating in executive management roles. Tucker currently chairs the Memphis, Tenn., Women’s Advocacy Center board and has served on numerous boards, including zignyl llc, Forward Air Corporation, Bread Financial, Iron Mountain and the University of Memphis Board of Visitors. She is also the co-founder and chief strategy officer of Calade Partners and is the former executive director of the Economic Club of Memphis.
“Joining Arrive AI at this pivotal moment is incredibly exciting,” said Laurie Tucker. “Their leadership in enabling autonomous last-mile delivery through the innovative Arrive Points system is transforming logistics. I’m eager to contribute to Arrive AI’s growth and help solidify its position as the industry frontrunner.”
Tucker’s board experience at Iron Mountain and Bread Financial Holdings, coupled with her role as Chairman of the Nominating/Governance Committee at Forward Air, underscores her ability to navigate complex markets. She will serve as Head of Arrive AI’s Compensation Committee, effective immediately.
Arrive
AI makes autonomous delivery work, ensuring security and chain-of-custody to the intended recipients at the right time. The company provides
tracking data, smart logistics alerts and advanced custody controls to secure last-mile delivery for shippers, delivery services,
and autonomous networks. Arrive AI’s foundational patent – for a universal access point that asynchronously interacts with
people, robots and drones – was filed four days before Amazon’s. Since then, the company has expanded its IP portfolio to
include numerous claims and patents such as climate assistance and anti-theft features.
About Arrive AI
Arrive AI’s patented Autonomous Last Mile (ALM) platform enables secure, efficient delivery to and from a smart, AI-powered mailbox, whether by drone, ground robot or human courier. The platform provides real-time tracking, smart logistics alerts and advanced chain of custody controls to support shippers, delivery services and autonomous networks. By combining artificial intelligence with autonomous technology, Arrive AI makes the exchange of goods between people, robots and drones frictionless and convenient. Its system integrates with smart home devices such as doorbells, lighting and security systems to streamline the entire last-mile delivery experience. Learn more at www.arriveai.com.
Media contact: Cheryl Reed at media@arriveai.com
Investor Relations Contact: Alliance Advisors IR, ARAI.IR@allianceadvisors.com.
Cautionary Note Regarding Forward Looking Statements
This news release and statements of Arrive AI’s management in connection with this news release or related events contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements related to the closing, and the anticipated benefits to the Company, of the private placement described herein) related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” ,”optimistic” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors which may be beyond our control. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Potential investors should review Arrive AI’s Registration Statement for more complete information, including the risk factors that may affect future results, which are available for review at www.sec.gov. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.