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gnulaw (51.84)

Breaking News...[UPDATE2] Tesla's General Counsel Jon Sobel Resigned in December 2009* - Tesla Files $100M IPO

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January 29, 2010 – Comments (2) | RELATED TICKERS: GKNT , BBY , AMZN

[UPDATE2]   Did Chaosunplugged cause Geeknet's (LNUX) Former President, Group Media, Jonathan Sobel's [abrupt] departure from Tesla? 

Tesla Motors has just registered with the SEC for a $100M IPO...it's S-1 Registration Statement states in multiple footnotes that "...Mr. Sobel resigned as our General Counsel in December 2009...". Sobel's base salary for 2009 was $300,000, and was granted 400,000 shares on October 21, 2009.

 

 

*Sobel abruptly left Geeknet on September 25th, 2009 to join Tesla Motors as their General Counsel. Sobel announced his pending departure on August 31st.**

** (August 31) Breaking News...SourceForge, Inc.(LNUX) Announces Departure of Jon Sobel, Group President, Media. SEC FORM 8K filed August 30th, 2009

 

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2 Comments – Post Your Own

#1) On January 29, 2010 at 10:08 PM, gnulaw (51.84) wrote:

Sobel, Sep 17th,  at a Geeknet Conference in NY, 8 days before his departure to Tesla Motors...

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#2) On January 30, 2010 at 6:20 PM, gnulaw (51.84) wrote:

Q: Why wasn't Sobel's inexplicably sudden departure from Tesla Motors not a material fact hence appropriately fully disclosed, esp given it occurred due to Sobel's hiring to engineer Tesla's IPO ?

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