Envela Corp 8-K Filing

FAQ

Key Financial Figures

• $0.01 — ich registered COMMON STOCK, par value $0.01 per share ELA NYSE American Check
• $120,000 — e a participant in amounts greater than $120,000 and in which Mr. DeLuca had or will hav
• $220,000 — on package includes an annual salary of $220,000 with no bonuses and the same Health Car

Filing Documents

• ela_8k.htm (8-K) — 27KB
• ela_ex991.htm (EX-99.1) — 1KB
• ela_ex991img5.jpg (GRAPHIC) — 208KB
• ela_ex991img6.jpg (GRAPHIC) — 80KB
• ela_8kimg11.jpg (GRAPHIC) — 4KB
• 0001654954-24-004217.txt ( ) — 556KB
• ela-20240319.xsd (EX-101.SCH) — 6KB
• ela-20240319_lab.xml (EX-101.LAB) — 14KB
• ela-20240319_cal.xml (EX-101.CAL) — 1KB
• ela-20240319_pre.xml (EX-101.PRE) — 9KB
• ela-20240319_def.xml (EX-101.DEF) — 2KB
• ela_8k_htm.xml (XML) — 4KB

02. Departure of Directors or Certain Officers; Election of Directors;

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 19, 2024, Envela Corporation's (the "Company") Board of Directors elected John DeLuca, age 47, to the position of Chief Financial Officer following the resignation of current Chief Financial Officer Bret A. Pedersen. Mr. Pedersen notified Envela of his intent to resign as Chief Financial Officer effective March 25, 2024. John DeLuca brings over 20 years of experience in the secondary metal-processing industry, and a comprehensive background in finance, operations, and planning. Before joining the Company last year, DeLuca's career spanned roles in both public and private-equity-backed companies, and as a CPA, has an expertise in P&L management, accounting, and financial planning and analysis. Prior to joining the Envela Corporation in January 2023, Mr. DeLuca served as the Chief Financial Officer for Move It Storage, during Fiscal 2022. Prior to Move It Storage, Mr. DeLuca served as the Senior Vice President of Accounting and Finance for AIM Recycling, LLC, for the entirety of Fiscal 2021. Prior to AIM Recycling, LLC, Mr. DeLuca served as the Chief Financial Officer for Emerald Textiles, LLC, during Fiscal 2020. Prior to Emerald Textiles, LLC, Mr. DeLuca served as the Executive Vice President of Finance for Recycling Management Resources from May 2018 to January 2020. There is no arrangement or understanding pursuant to which Mr. DeLuca was selected as an officer of Envela and there are no family relationships between Mr. DeLuca and the other directors or executive officers of the Company. Since the beginning of Envela's last fiscal year, Mr. DeLuca has not had any transactions or currently proposed transactions in which the Company was or is to be a participant in amounts greater than $120,000 and in which Mr. DeLuca had or will have a direct or indirect material interest. Mr. DeLuca's compens

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (a) Not applicable (b) Not applicable (c) Not applicable (d) Exhibits 99.1 Press Release issued by Envela Corporation on March 21, 2024 announcing the resignation of Bret A. Pedersen and the subsequent transition of John Deluca 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. By: /s/ John R. Loftus John R. Loftus Chief Executive Officer Date: March 26, 2024 3

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