Announcement • Jul 01
Nu Ride Inc. Announces Board and Committee Changes
NU RIDE INC. reported that on June 30, 2026, upon the recommendation of the Corporate Governance and Nominating Committee, the board of directors of Nu Ride Inc. elected Paul W. Burkett as a director, effective July 1, 2026. Mr. Burkett will serve as a Class II director and will stand for election at the Company's 2026 Annual Meeting of Stockholders. Mr. Burkett was appointed as a member of the Audit Committee, Corporate Governance and Nominating Committee and Transaction Committee of the Board. The Board has determined that Mr. Burkett qualifies as an independent director under the NASDAQ listing standards. Mr. Burkett has served as Chief Executive Officer of Snoaspen Insurance Group Inc., located in Reno, Nevada, since August 1995, where he provides risk management consulting, insurance policy and program audit services, and expert witness opinions and testimony on insurance coverage, claims handling, underwriting, and insurance company matters for both plaintiff and defense counsel. Mr. Burkett also served as Principal and Chief Operating Officer of TUITIONGard Ltd. from 1997 to 2006, where he was responsible for underwriting and claims handling functions, and drafted the company's insurance contract and related endorsements. He also served as President and CEO of Meadowbrook Insurance Group of Colorado from 1992 to 2006, where among other things he assisted in developing underwriting and claims handling manuals for alternative insurance programs. Earlier in his career, Mr. Burkett held various management positions in underwriting, risk management, loss control, and insurance marketing, including as Vice President and Manager of the Risk Management Services Department at Frank B. Hall & Co. in Colorado, and in several senior management roles at SAFECO Insurance Company in California and Colorado. Since 2022, Mr. Burkett has served as an Adjunct Professor at the University of Nevada, Reno, teaching an upper-division Life and Health Insurance course in the Business College. Mr. Burkett is a licensed risk management consultant and licensed insurance producer for property, casualty, life and health insurance in Nevada. He earned his J.D. from Concord Law School, Purdue University Global, in 2007, and holds a B.A. in International Relations from the University of Minnesota, and is a veteran of the United States Air Force. In addition, on June 26, 2026, Michael J. Wartell tendered his resignation from the Board, effective as of June 30, 2026.
