SES AI Corp Reports Q2 2026 Results; Appoints Paul Diemer

What Happened

• On August 11, 2026 SES AI Corporation announced a shareholder letter (Exhibit 99.1) and a press release (Exhibit 99.2) that provide a business update and the company's financial results for the fiscal quarter ended June 30, 2026. The 8-K was signed by CFO Ray Liu.
• Separately, on August 6, 2026 the Board appointed Paul Diemer, age 49, as a Class II director effective immediately, with a term expiring at the 2027 Annual Meeting of Stockholders.

Key Details

• Letter and press release filed August 11, 2026; shareholder letter contains the quarter‑end (June 30, 2026) financial results (details in Exhibit 99.1).
• Paul Diemer currently serves as Senior Vice President at Generac (since July 2026); previously CTO of Flex’s power business (Apr 2025–Jul 2026) and held leadership roles at Flex and BorgWarner (2005–2022).
• The Board determined Mr. Diemer is independent under SES’s governance guidelines and NYSE standards; he will receive the same compensation as other non‑employee directors and will enter the company’s standard director indemnification agreement.
• Company disclosed there are no related‑party transactions involving Mr. Diemer requiring Item 404 disclosure.

Why It Matters

• The shareholder letter and press release are the company’s official channel for quarterly results and a business update; investors should review Exhibit 99.1 for revenue, earnings and other financial metrics that could affect the stock.
• The addition of Paul Diemer brings senior power-systems and product‑engineering experience to the Board, which may influence SES’s technology and product strategy; his independence and standard compensation indicate a routine board appointment rather than a related‑party governance change.