8-K - EVGO - Equibles

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): January 5, 2022 ****

EVgo Inc.

(Exact name of registrant as specified in its charter)


Delaware		001-39572		85-2326098
(State or other jurisdiction of<br>incorporation or organization)		(Commission File Number)		(I.R.S. Employer <br>Identification Number)


11835 West Olympic Boulevard, Suite 900E<br>Los Angeles, California		90064
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: ( 877 ) 494-3833

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

☐	Written communications 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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
---	---
☐	Pre-commencement communications 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 class	Trading<br>Symbol(s)	Name of each exchange<br>on which registered
Shares of Class A common stock, $0.0001 par value	EVGO	Nasdaq Global Select Market
Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50	EVGOW	Nasdaq Global Select Market

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 Arrangements of Certain Officers.

On January 5, 2022, EVgo Inc. (the “Company”) announced the appointment of Dennis Kish as its Chief Operating Officer, effective January 1, 2022.

Mr. Kish, age 58, brings to his new position more than 30 years of experience in the technology and infrastructure industries. Mr. Kish most recently served as Chief Operating Officer of Taoglas USA, Inc. (“Taoglas”), a provider of Internet of Things (IOT) solutions, from February 2020 to May 2021, and as its President from February 2019 to February 2020. Prior to this, Mr. Kish held executive positions at Google Fiber, serving as President from April 2016 to July 2017, and as Vice President from July 2014 to April 2016. After Google Fiber, Mr. Kish evaluated other opportunities before joining Taoglas in February 2019. Mr. Kish holds a B.S. in Electrical Engineering from Michigan State University.

Mr. Kish and the Company have entered into an employment agreement (the “Employment Agreement”) pursuant to which Mr. Kish will earn an annual base salary of $375,000 and be eligible for a target annual bonus of 75% of his base salary. Payment of the annual bonus will be at the discretion of the Board or the Compensation Committee, which shall consider Mr. Kish’s performance and the performance of the Company. Mr. Kish will also receive a grant of restricted stock units with a value of approximately $875,000 on the date of grant, which shall be subject to a three-year vesting schedule, with one-third vesting on each of anniversary of the grant date. Additionally, Mr. Kish will be eligible to participate in the Company’s employee and executive benefit plans and programs as the Company may from time-to-time offer to its executives.

Under the terms of the Employment Agreement, upon a termination without cause or a resignation for good reason, Mr. Kish will continue to receive an amount equal to six months’ base salary, paid over the six months following such termination of employment in accordance with the Company’s regular payroll practices, which shall be in addition to any unpaid base salary and annual bonus earned through the date of termination. The Employment Agreement prohibits Mr. Kish from competing with the Company or soliciting any customers or employees during the term of his employment and continuing for a period of two years following any termination of employment.

The selection of Mr. Kish as an officer of the Company was not made pursuant to any arrangement or understanding with any other person. There are no family relationships between Mr. Kish and any director or executive officer of the Company and Mr. Kish does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.

Item 7.01. Regulation FD Disclosure

On January 5, 2022, the Company issued a press release announcing the appointment of Mr. Kish. A copy of the press release is furnished here as Exhibit 99.1.

The information in this Item 7.01, including Exhibit 99.1, is being furnished and 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, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number	Description
99.1	Press Release, dated January 5, 2022.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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.

	EVgo Inc.
Date: January 5, 2022	By:	/s/ Olga Shevorenkova
	Name:	Olga Shevorenkova
	Title:	Chief Financial Officer
		(Principal Financial Officer)

Exhibit 99.1 EVgo Hires Technology Infrastructure Industry Veteran

Dennis Kish as Chief Operating Officer

Addition to management team bolsters EVgo’s efforts to scale EV charging solutions to meet growing demand

LOS ANGELES – January 5, 2022 – EVgo Inc. (Nasdaq: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and only platform powered by 100% renewable electricity, today announced the appointment of Dennis Kish as Chief Operating Officer (COO), effective January 2022. Kish brings over 30 years of experience in the high technology and infrastructure sectors, and as EVgo’s COO he will oversee all charger installation activities related to contractual commitments and public and fleet network expansion, including site development, engineering and construction, and contract management. Kish will also lead EVgo’s asset management, field operations, and customer care functions – all of which support the company’s deployment and network throughput growth targets.

Prior to joining EVgo, Kish served in numerous leadership roles including President of Google Fiber, where he oversaw the development of distributed fiber optic networks across the country to directly serve US consumers. In addition, he previously held positions as Senior Vice President & General Manager at both Qualcomm and NXP, delivering billions of semiconductor chips to the wireless market segment throughout his tenure. A graduate of Michigan State University with a Bachelor of Science degree in Electrical Engineering, Kish has lived and worked in North America, Europe and Asia, holding several roles that focused on operational responsibilities including infrastructure engineering and construction, manufacturing, supply chain management, quality, and program management.

“Having a dedicated executive with Dennis Kish’s experience in infrastructure and technology will further bolster EVgo’s leadership in scaling operations, deploying larger sites for our public network and fleet customers, and in maintaining best-in-sector uptime and reliability,” said Cathy Zoi, CEO of EVgo. “Dennis has been in the trenches and in the C-suites: he understands the challenges of high growth, capital-intensive technology infrastructure businesses and has a track record of creatively addressing ecosystem friction to speed deployments and deliver customer satisfaction. I am delighted he’ll be bringing that experience to bear to the EV charging sector at EVgo.”

Throughout his career, Kish has specialized in implementing operational efficiency in rapidly scaling teams while simultaneously ensuring category-leading customer satisfaction. As COO, Kish will leverage his expertise to further strengthen EVgo’s charging network, focusing on streamlining installation and further enhancing reliability. Kish has deep experience in managing the complexities of rapid infrastructure deployment across various state and local jurisdictions and can build upon EVgo’s Connect the Watts™ initiative.

“EVgo is already a market leader. I look forward to applying my experience to help scale and extend EVgo’s infrastructure footprint and enhance its reputation for reliability to new heights. The rapid growth in the EV space requires coordination and collaboration between a variety of stakeholders – internal and external. I’m thrilled to take on the challenge and support EVgo’s mission to accelerate transportation electrification,” added Kish.

Exhibit 99.1 For more information around the locations of EV chargers within the EVgo charging network, visit www.evgo.com.

About EVgo

EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 68 metropolitan areas across 35 states and more than 310,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.

Contacts

For Investors:

Ted Brooks, VP of Investor Relations

investors@evgo.com

310-954-2943

For Media:

press@evgo.com