Lordstown Motors Corp. 10-K Cybersecurity GRC - 2024-02-28

Page last updated on July 16, 2024

Lordstown Motors Corp. reported their cybersecurity risk management and governance process in a yearly 10-K filed on 2024-02-28 21:06:22 EST.

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10-K filed on 2024-02-28

Lordstown Motors Corp. filed a 10-K at 2024-02-28 21:06:22 EST
Accession Number: 0001558370-24-002081

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Item 1C. Cybersecurity.

Item 1C. Cybersecurity Since filing the Chapter 11 Cases, our operations have been limited to completing the Chapter 11 Cases, resolving substantial litigation and the SEC Claim (subject to formal approvals), claims reconciliation, financial reporting, and preparing for emergence from bankruptcy as contemplated in the Proposed Plan described herein. Therefore, we have not adopted any cybersecurity risk management program or formal processes for assessing risk, which may make us susceptible to heightened cybersecurity risks. We also depend on third parties to provide certain services, and any sophisticated and deliberate attacks on, or security breaches in, systems or infrastructure that we utilize, including those of third parties, could lead to the corruption or misappropriation of our information, though we do not anticipate collecting or storing any significant confidential information related to customers, consumers, employees, or vendors. Because we expect to further rely on third parties, we will also depend upon the personnel and the processes of third parties to protect against cybersecurity threats, and we will have no personnel or processes of our own for this purpose. Our Board is generally responsible for the oversight of risks from cybersecurity threats. See “Risk Factors” for additional information.

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