ECD Automotive Design Announces Board and Executive Changes
Ticker: ECDA · Form: 8-K · Filed: Aug 18, 2025 · CIK: 1922858
| Field | Detail |
|---|---|
| Company | Ecd Automotive Design, INC. (ECDA) |
| Form Type | 8-K |
| Filed Date | Aug 18, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $225,000, $20,000, $2,000, $150,000, $123,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-compensation, board-of-directors
Related Tickers: ECDA
TL;DR
ECD Automotive Design shakes up its board and exec team, expect strategic shifts.
AI Summary
ECD Automotive Design, Inc. announced on August 15, 2025, changes related to its board of directors and executive compensation. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key personnel. Specific details on the individuals involved and the financial impact of these changes are provided within the document.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy, operational focus, or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty and signal potential strategic shifts, which carry inherent risks.
Key Players & Entities
- ECD Automotive Design, Inc. (company) — Registrant
- EF Hutton Acquisition Corp I (company) — Former Company Name
FAQ
What specific roles have been affected by the departure of officers or directors?
The filing indicates departures of certain officers and directors, with specific roles detailed in the subsequent sections of the report.
Who are the newly elected directors?
The report details the election of new directors, with their names and backgrounds provided in the relevant sections.
What are the key changes in compensatory arrangements for officers?
The filing outlines adjustments to the compensatory arrangements for certain officers, with specifics available in the document.
When was ECD Automotive Design, Inc. formerly known as EF Hutton Acquisition Corp I?
The date of the name change from EF Hutton Acquisition Corp I to ECD Automotive Design, Inc. was April 11, 2022.
What is the exact date of the report and the earliest event reported?
The date of the report and the date of the earliest event reported is August 15, 2025.
Filing Stats: 821 words · 3 min read · ~3 pages · Grade level 10.7 · Accepted 2025-08-18 17:30:19
Key Financial Figures
- $225,000 — on Mr. Piggott will be paid a salary of $225,000 per year plus certain other benefits. A
- $20,000 — LLC, will receive cash compensation of $20,000 per month and up to $2,000 per month of
- $2,000 — ensation of $20,000 per month and up to $2,000 per month of expense reimbursement. Mrs
- $150,000 — ursement. Mrs. Hay will also be granted $150,000 of common stock of the Company valued a
- $123,000 — l value of services provided to date is $123,000. 1 Item 9.01. Financial Statements an
Filing Documents
- ea0253693-8k_ecdauto.htm (8-K) — 33KB
- ea025369301ex10-1_ecdauto.htm (EX-10.1) — 13KB
- ea025369301ex10-2_ecdauto.htm (EX-10.2) — 48KB
- ex10-1_001.jpg (GRAPHIC) — 4KB
- 0001213900-25-078021.txt ( ) — 319KB
- ecda-20250815.xsd (EX-101.SCH) — 3KB
- ecda-20250815_def.xml (EX-101.DEF) — 26KB
- ecda-20250815_lab.xml (EX-101.LAB) — 36KB
- ecda-20250815_pre.xml (EX-101.PRE) — 25KB
- ea0253693-8k_ecdauto_htm.xml (XML) — 5KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officer; Compensatory Arrangements of Certain Officers. Departure of Chief Financial Officer On August 15, 2025, Benjamin Piggott departed from his role as Chief Financial Officer of the Company. Mr. Piggott will transition to a new role as Director of Corporate Development of the Company. In his new position Mr. Piggott will be paid a salary of $225,000 per year plus certain other benefits. A copy of Mr. Piggott's engagement letter is attached hereto as Exhibit 10.1. Appointment of Chief Financial Officer On August 15, 2025, the Board appointed Victoria Hay as the Chief Financial Officer and Principal Financial Officer of the Company. Mrs. Hay, 42, has been the co-owner and President of Flexible Consulting, LLC, a financial and accounting consulting firm, since May 2021. In her capacity as President of Flexible Consulting, LLC, Mrs. Hay has acted as a financial and accounting advisor for numerous companies, including acting as contracted Interim Chief Financial Officer of Nauticus Robotics and Chief Financial Officer of Enovate, an AI company focused on the oil and gas sector. Prior to her time at Flexible Consulting, LLC, Mrs. Hay was at Weatherford International plc (NASDAQ: WFRD) from 2008 to May 2021 in accounting and finance roles of increasing seniority, most recently as the Senior Director – Global Accounting and Reporting Services. Mrs. Hay began her career as a finance analyst with Morgan Stanley. Mrs. Hay is a CIMA chartered accountant and has a BSC (Hon) in Biotechnology and Management from Edinburgh University. Mrs. Hay, through Flexible Consulting, LLC, will receive cash compensation of $20,000 per month and up to $2,000 per month of expense reimbursement. Mrs. Hay will also be granted $150,000 of common stock of the Company valued and issued on January 2, 2026. A copy of Mrs. Hay's engagement letter is attached hereto as Exhibit 10.2. There is
01. Financial
Item 9.01. Financial (c) Exhibits. The following exhibits are filed as part of, or incorporated by reference into, this Report. No. Description of Exhibit 10.1* Engagement Agreement for Benjamin Piggott, dated August 15, 2025 10.2* Engagement Agreement for Victoria Hay, dated August 15, 2025 104* Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) * Filed herewith. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: August 18, 2025 ECD AUTOMOTIVE DESIGN, INC. By: /s/ Scott Wallace Name: Scott Wallace Title: Chief Executive Officer 3