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CHURCHILL CAPITAL CORP VI

(CCVI)
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CHURCHILL CAPITAL CORP VI : Change in Directors or Principal Officers (form 8-K)

05/11/2021 | 04:19pm EDT

Item 5.02 Departure of Directors or Principal Officers; Election of Directors;

           Appointment of Principal Officers; Compensatory Arrangements of Certain
           Officers.



Effective May 11, 2021, the Board of Directors (the "Board") of Churchill Capital Corp VI (the "Company") appointed Andrew Frankle and Stephen Murphy as directors of the Company. Mr. Frankle will serve as a Class III director of the Company with a term expiring at the Company's third annual meeting of stockholders following the Company's initial public offering, and Mr. Murphy will serve as a Class II director of the Company with a term expiring at the Company's second annual meeting of stockholders following the Company's initial public offering. Mr. Frankle will serve on the Audit Committee of the Board, the Compensation Committee of the Board and the Nominating Committee of the Board. Mr. Murphy will serve on the Audit Committee of the Board, the Compensation Committee of the Board and the Nominating Committee of the Board.

Mr. Frankle is the Founder and Managing Director of Eleven Capital Advisors, an investment banking team that provides dedicated coverage to professionally managed family offices, successful entrepreneurs and family-sponsored pools of capital. From 2016 to 2020, Mr. Frankle served as a Managing Director at Credit Suisse, providing investment banking and capital markets coverage for family offices. Previously, he was a Managing Director and Group Head of ICG Business Development at Citigroup Global Markets, Inc., where he focused on expanding financial products and services delivered to institutional clients. Mr. Frankle previously served as a Managing Director in Citigroup's Media & Entertainment Group. Prior to Citigroup, Mr. Frankle was a Managing Director and the Head of US Media & Communications Investment Banking at Schroder & Co, Inc.Mr. Frankle began his career as a financial analyst and associate in the Corporate Finance Department at Wertheim Schroder & Co Incorporated. Mr. Frankle was also appointed to the Board of Directors of Churchill Capital Corp VII, effective May 11, 2021. Mr. Frankle earned his M.B.A., with honors, from the Harvard Graduate School of Business Administration and received his B.S. in Economics from The Wharton School at the University of Pennsylvania, graduating summa cum laude with the Robert J. Schweich Prize in Security Analysis. Mr. Frankle was selected to serve on the Company's Board due to his significant financial and leadership experience.

Mr. Murphy is Co-Founder and Executive Chairman of Authentic Bespoke Limited, a boutique investment group, and serves on the boards of all of its wholly-owned subsidiaries. Mr. Murphy has significant past investment banking, principal investing, and direct entrepreneurial experience across a wide range of industries and is actively involved in a number of international businesses at board levels. Mr. Murphy is an angel investor in various technology companies which are pursuing "green" or sustainable solutions. Mr. Murphy served as a director of various companies related to Choiseul Africa Capital, which was involved in infrastructure investment in developing African countries, including a US$4.7 billion oil refining complex, electricity and gas production and distribution and waste management services. Mr. Murphy has also served principally as either a company director or chairman of various luxury goods companies in the UK and Ireland. Mr. Murphy was trained as a financial analyst in New York starting in 1985 and ultimately was made head of Salomon Brothers International'sM&A Group in London. As a Managing Director of Citigroup International, Mr. Murphy was involved in the evaluation of private and public financings and capital raising. Mr. Murphy was also appointed to the Board of Directors of Churchill Capital Corp VII, effective May 11, 2021. Mr. Murphy received an M.B.A. from St. John's University and a B.S. from CUNY'sJohn Jay College. Mr. Murphy was selected to serve on the Company's Board due to his significant financial and leadership experience.

In connection with their elections to the Board, Mr. Frankle and Mr. Murphy will enter into indemnification agreements with the Company pursuant to which the Company will agree to indemnify them from certain liabilities that may arise by reason of their status as directors and advance certain expenses incurred by them. The form of indemnification agreement was filed as Exhibit 10.7 to the Registration Statement on Form S-1, filed with the Securities and Exchange Commission (the "SEC") on February 8, 2021. Mr. Frankle and Mr. Murphy will also enter into letter agreements among Churchill Sponsor VI LLC and the Company's officers and directors, and these agreements waive certain redemption rights and certain rights to liquidating distributions from the trust account. The form of letter agreement was filed as Exhibit 10.2 to the Registration Statement on Form S-1, filed with the Securities and Exchange Commission on February 8, 2021.

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Financials (USD)
Sales 2020 - - -
Net income 2020 -0,00 M - -
Net cash 2020 0,03 M - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 678 M 678 M -
EV / Sales 2019
EV / Sales 2020 -
Nbr of Employees -
Free-Float 66,7%
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Managers and Directors
Michael Stuart Klein Chairman, President & Chief Executive Officer
Jay Taragin Chief Financial Officer
Glenn Russell August Independent Director
Bonnie Jonas Independent Director
Mark David Klein Independent Director
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