John Taylor

About John Taylor

John Taylor is President & SVP of Global Manufacturing at Mullen (Bollinger Innovations) and is 64 years old . He previously led advanced manufacturing engineering at Tesla as one of the first 50 employees, playing a critical role in opening the Fremont facility and Model S manufacturing; his automotive career began at GM in 1982 with leadership across eleven major vehicle launches . Current filings reviewed do not disclose TSR, revenue, EBITDA, or pay-versus-performance outcomes specific to Taylor.

Past Roles

External Roles

No external public-company board roles or committee assignments are disclosed in the MULN proxy materials reviewed .

Fixed Compensation

Not disclosed for John Taylor in the filings reviewed.

Performance Compensation

Company plan-level features (Mullen 2022 Equity Incentive Plan) affecting executive compensation design and vesting:

• Repricing of stock options/SARs prohibited without stockholder approval
• Options/SARs must be granted at ≥100% of fair market value; maximum 10-year term
• Change-in-control treatment: if awards are not assumed/substituted, unvested awards fully vest and remain exercisable for 15 days; Committee may provide full vesting including if terminated without cause/for good reason within up to 18 months post-transaction
• Plan evergreen expansion (adopted Jul 22, 2025): automatic quarterly increase (up to 10% of fully-diluted shares outstanding; Board may reduce/skip) beginning Oct 1, 2025 through July 2032
  These are company-wide provisions and not specific to Taylor.

Equity Ownership & Alignment

• Shares outstanding rose to 237,651,918 as of July 22, 2025, reflecting significant equity activity and potential dilution dynamics for all shareholders and equity award recipients .
• The 2022 Equity Plan evergreen amendment (quarterly increases) may expand the pool available for equity compensation, increasing potential dilution for existing holders while supporting retention/incentive capacity .

Employment Terms

Not disclosed for John Taylor in the filings reviewed.

Risk Indicators & Red Flags (Company context impacting compensation alignment)

• Multiple reverse stock splits in 2023–2025 (1-for-25; 1-for-9; 1-for-100; 1-for-100; 1-for-60; 1-for-100; 1-for-100), and Board authority for an additional 1-for-2 to 1-for-250 split if needed to maintain listing compliance; Nasdaq may delist without a new compliance period after cumulative ≥250:1 splits within two years .
• Extensive convertible note and warrant financings with anti-dilution formulas and Black-Scholes cashless exercises across multiple SPAs ($1.6M, $2.8M, $11M, $6M, $3M; a proposed $80M), indicating ongoing capital dependence and share issuance risk .
• Plan-level change-in-control acceleration terms could concentrate near-term value but also raise overhang concerns if not paired with robust performance gates .

Investment Implications

• Execution leverage: Taylor’s deep manufacturing background (Tesla, GM) is a positive for scaling production discipline and launch readiness across commercial EV programs, which is central to value creation for Mullen/Bollinger Innovations .
• Equity overhang and dilution: The evergreen equity plan and repeated share issuances/anti-dilution structures point to persistent dilution and potential misalignment risks between short-term financing needs and long-term shareholder value, which can dampen incentive realizability for equity awards .
• Governance/listing constraints: The history and potential for additional reverse stock splits to maintain compliance, coupled with capital structure complexity, signal elevated retention and morale risks for executives whose incentives are equity-heavy; it underscores the importance of tying Taylor’s performance equity to auditable operational milestones rather than price-only triggers .