Chris Mayer, recently appointed co-CEO of Polar Power, reported a 9.99% beneficial ownership stake in the company in a Schedule 13D filing with the SEC on October 21, 2026. The stake is held jointly with CL Investment Group LLC, where Mayer is the managing member.
Mayer’s appointment triggered the filing and took effect on October 6. As co-CEO, he is responsible for corporate strategy, financial performance and capital markets.
The stake was acquired for investment purposes and consists of preferred stock, warrants and convertible notes. Under an agreement with Polar Power, CL Investment Group has designated Lewis Wilks to the company’s board of directors.