LOS
ANGELES, Oct. 6, 2022 /PRNewswire/ -- Earlier
today, Faraday Future("FFIE") filed a Current Report on Form 8-K
stating that Sue Swenson, Executive
Chairperson and director of FFIE, and directors Mr. Scott Vogel and Mr. Jordan Vogel have resigned from all positions on
the FFIE board of directors and otherwise with the company.
FF Top has had a number of concerns with the direction of
FFIE under the oversight of its board of
directors since the de-SPAC transaction in July 2021 and has supported changes to FFIE's
board in order to protect the interests of the company and all
shareholders. FF Top is and has always been committed to
effecting those changes through the lawful exercise of
its rights under applicable contracts and state and federal
law. FF Top strongly condemns any threats of violence against
anyone and looks forward to the persons responsible being
identified and brought to justice.
FF Top remains committed to working with FFIE to fully
implement the governance agreement reached with FFIE on
September 23, 2022. We are
confident that the board of directors will successfully manage the
smooth transition under the leadership of the new interim chairman
Adam He. FF Top also looks forward
to FFIE rolling out a new longer term top-level corporate
governance and operational management structure following FFIE's
announced 21-day interim solution.
FF Top believes that following the execution of the September 23, 2022 governance agreement, the
interests of FFIE shareholders and FFIE are more aligned with
respect to the future direction of the company. We look forward to
the board of directors and FFIE management working together to
complete additional financing, promote the delivery of the FF 91
Futurist, and realize the vision of the company for its investors,
partners and global users.
FFIE states in its Form 8-K that certain persons have made
"whistleblower complaints" to FFIE regarding a variety of matters.
We firmly support the right of stockholders, employees and others
to make their concerns known to public companies through lawful
means, as well as the diligent and impartial investigation by
public companies of any concerns so raised.
Following these recent resignations, we look forward to working
with the new board of directors and management of FFIE to maximize
the interests of all shareholders and investors and help FFIE
promote the highest ethical standards in governance.
Media Contact
info@ffglobalpartners.com
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SOURCE FF Top Holding LLC