Form 8-K
8-K — Rivian Automotive, Inc. / DE
Accession: 0001104659-26-102435
Filed: 2026-08-27
Period: 2026-08-24
CIK: 0001874178
SIC: 3711 (MOTOR VEHICLES & PASSENGER CAR BODIES)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — tm2624125d1_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (tm2624125d1_ex99-1.htm)
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0001874178
Rivian Automotive, Inc. / DE
0001874178
2026-08-24
2026-08-24
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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
August 24, 2026
Date of Report (date of earliest event reported)
Rivian Automotive, Inc.
(Exact name of registrant as specified in its
charter)
Delaware
001-41042
47-3544981
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification Number)
14600 Myford Road
Irvine, California 92606
(Address of principal executive offices) (Zip
code)
(888) 748-4261
(Registrant’s telephone number, including
area code)
N/A
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of 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
Symbol
Name of each exchange on which registered
Class
A common stock, $0.001 par value per share
RIVN
The
Nasdaq Stock Market
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
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 August 24, 2026, Claire McDonough, the Chief Financial Officer of
Rivian Automotive, Inc. (the “Company”), notified the Company of her decision to resign effective October 30, 2026 (the “Effective
Date”) to pursue a new opportunity and relocate to the East Coast to be closer to her family. Her resignation is not the result
of any disagreement with the Company on any matters related to its financial reporting, operations, policies or practices. Ms. McDonough
will remain in her current role at the Company through the Effective Date to assist with the transition.
The Company has a comprehensive executive search process underway,
evaluating both internal and external candidates, to identify its next Chief Financial Officer. To maintain operational continuity, Derek
Mulvey, the Company’s Vice President of Finance, is expected to be appointed as the Company’s Interim Chief Financial Officer,
effective upon Ms. McDonough's departure. Mr. Mulvey joined the Company in 2021 and has worked closely with CEO R.J. Scaringe and Ms.
McDonough on the Company’s financial planning, strategic partnerships, capital allocation and investor relations.
Item 7.01 – Regulation FD Disclosure.
On August 27, 2026, the Company issued a press release announcing
the Chief Financial Officer transition plan, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated
herein by reference.
The information furnished pursuant to Item 7.01 of this Current Report
on Form 8-K, including Exhibit 99.1 attached hereto, 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
it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless
of any general incorporation language in such filing, except as expressly set forth by specific reference in such filing.
Item 9.01 - Financial Statements and Exhibits.
(d) Exhibits:
Exhibit
No.
Description
99.1
Press
Release, dated August 27, 2026
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RIVIAN AUTOMOTIVE, INC.
Date: August 27, 2026
By:
/s/ Michael J. Callahan
Name:
Michael J. Callahan
Title:
Chief Administrative Officer and Secretary
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2624125d1_ex99-1.htm · Sequence: 2
Exhibit 99.1
Rivian Announces CFO Transition Plan
● Claire McDonough to step down on October 30, 2026 after nearly six years of financial and strategic leadership
● Derek Mulvey expected to be appointed Interim Chief Financial Officer as search for permanent successor is underway
IRVINE, Calif. — August 27, 2026 — Rivian Automotive,
Inc. (NASDAQ: RIVN) today announced that Chief Financial Officer Claire McDonough has decided to step down from her role to pursue a new
opportunity and relocate to the East Coast to be closer to her family.
McDonough will remain in her role as CFO over the next two months to
ensure a seamless and thorough transition. During this period, she will work closely with CEO RJ Scaringe and the executive leadership
team to transition key strategic initiatives. Her final day with Rivian will be October 30, 2026.
Rivian has a comprehensive executive search process underway, evaluating
both internal and external candidates, to identify the company’s next Chief Financial Officer. To maintain operational continuity,
Derek Mulvey, Vice President of Finance, is expected to be appointed Interim Chief Financial Officer, effective upon McDonough's departure.
Mulvey joined Rivian in 2021 and has worked closely with Scaringe and McDonough on the company’s financial planning, strategic partnerships,
capital allocation and investor relations. He has been instrumental in Rivian’s strategy and execution and will enable a seamless
transition. Prior to his tenure at Rivian, Mulvey was Vice President at J. P. Morgan.
Since joining Rivian in January 2021, McDonough played a central role
in constructing Rivian’s financial foundation and navigating its growth as a public company. Under her leadership, Rivian successfully
executed its historic $13.7 billion initial public offering in November 2021, one of the largest IPOs in U.S. history, securing the capital
required to scale initial manufacturing operations at its Normal, Illinois facility. Throughout her tenure, McDonough and her team have
built robust capital management frameworks across major growth cycles, driven cost-reduction initiatives essential to achieving long-term
gross margin targets, and helped structure key strategic partnerships.
Rivian’s CEO RJ Scaringe said:
“Claire joined Rivian almost six years ago, and she’s
had a meaningful impact on our business and our teams during a transformative period of growth. From guiding us through our IPO to building
many of our financial operating frameworks, her strategic approach has helped strengthen our overall execution. Beyond her work on our
capital roadmap, Claire has been a trusted leader and partner across the organization. While she will be missed, I’m thrilled that
Derek is taking on the interim CFO role. Derek has worked incredibly closely with me, Claire and our leadership team for several years
and will enable a seamless transition.”
Rivian’s Chief Financial Officer Claire McDonough said:
“Serving as Rivian’s CFO alongside RJ and
this exceptional team has been the highlight of my career. I am tremendously proud of everything we have accomplished together—from
building and scaling the business with the launch of R1 and our commercial van to establishing the financial and operational foundation
that will propel the company through the ramp of R2 and beyond. As I step away for a new opportunity and to be closer to my family on
the East Coast, I do so with absolute confidence in Rivian’s trajectory, mission, and leadership team.”
Rivian’s strong executive leadership bench will work alongside
Mulvey to ensure a smooth transition and maintain execution across key strategic initiatives.
About Rivian:
Rivian (NASDAQ: RIVN) is an American automotive technology
company that develops and builds category-defining electric vehicles as well as vertically integrated technologies and services. Through
innovation across its electrical architecture, end-to-end software, autonomous driving platform, artificial intelligence and propulsion,
the company creates vehicles that excel at work and play while accelerating the global transition to zero-emission transportation and
energy. Rivian vehicles are manufactured in the United States and are sold directly to consumer and commercial customers. Whether taking
families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal — preserving the natural world
for generations to come.
Contacts:
Investors: ir@rivian.com
Media: Harry Porter, media@rivian.com
Forward Looking Statements
This press release contains
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking
statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that
do not relate to matters of historical fact should be considered forward-looking statements, including without limitation executive leadership
changes. In some cases you can identify forward-looking statements by terms such as “may,” “will,” “should,”
“expects,” “plans,” “anticipates,” “could,” “intends,” “targets,”
“projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,”
“potential” or “continue” or the negative of these terms or other similar expressions, although not all forward-looking
statements use these words or expressions. We have based these forward-looking statements largely on our current expectations and projections
about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking
statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance,
or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking
statements, including, but not limited to, the important factors discussed in Part II, Item 1A, “Risk Factors” in our Quarterly
Report on Form 10-Q for the quarter ended June 30, 2026, and our other filings with the Securities and Exchange Commission. The forward-looking
statements in this press release are based upon information available to us as of the date of this press release, and while we believe
such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should
not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information.
These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. While we may elect to
update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause
our views to change.
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