Envirotech Vehicles, Inc. Files 8-K on Leadership Changes
Ticker: EVTV · Form: 8-K · Filed: Sep 4, 2024 · CIK: 1563568
Sentiment: neutral
Topics: leadership-change, officer-appointment, director-election, financials
Related Tickers: EVTCH
TL;DR
EVTCH filed an 8-K detailing board/officer changes and compensation. Watch for strategic shifts.
AI Summary
Envirotech Vehicles, Inc. filed an 8-K on September 6, 2024, reporting on the departure of directors, election of new directors, appointment of officers, and compensatory arrangements. The filing also includes financial statements and exhibits. The earliest event reported was August 28, 2024.
Why It Matters
Changes in board and officer composition can signal shifts in company strategy or operational focus, potentially impacting future performance.
Risk Assessment
Risk Level: medium — Leadership changes and the filing of financial statements can introduce uncertainty and signal potential strategic shifts.
Key Players & Entities
- Envirotech Vehicles, Inc. (company) — Registrant
- August 28, 2024 (date) — Earliest event reported
- September 6, 2024 (date) — Filing date
FAQ
What specific changes were made to the board of directors and officer positions?
The filing indicates a departure of directors and the election of new directors, as well as the appointment of certain officers. Specific names and details would be found within the full text of the filing.
What are the key details of the compensatory arrangements for the officers?
The filing mentions compensatory arrangements for certain officers. The specifics of these arrangements, including amounts and terms, are detailed within the full document.
What is the significance of filing financial statements and exhibits with this 8-K?
Filing financial statements and exhibits provides updated financial information and supporting documentation relevant to the reported events, offering a more complete picture of the company's status.
What was the former name of Envirotech Vehicles, Inc. and when did the name change occur?
The company was formerly known as ADOMANI, INC. The name change occurred on May 25, 2017, and previously on December 3, 2012.
Where is Envirotech Vehicles, Inc.'s principal executive office located?
The principal executive offices are located at 1425 Ohlendorf Road, Osceola, AR 72370.
Filing Stats: 796 words · 3 min read · ~3 pages · Grade level 10.1 · Accepted 2024-09-04 19:53:06
Key Financial Figures
- $0.00001 — nge on which registered Common stock , $0.00001 par value EVTV NASDAQ Stock Market L
Filing Documents
- adom20240904_8k.htm (8-K) — 33KB
- ex_721302.htm (EX-99.1) — 10KB
- 0001437749-24-028444.txt ( ) — 177KB
- evtv-20240828.xsd (EX-101.SCH) — 3KB
- evtv-20240828_def.xml (EX-101.DEF) — 11KB
- evtv-20240828_lab.xml (EX-101.LAB) — 15KB
- evtv-20240828_pre.xml (EX-101.PRE) — 11KB
- adom20240904_8k_htm.xml (XML) — 3KB
02
Item 5.02. Departure of Directors or Certain Officers Election of Directors Appointment of Certain Officers Compensatory Arrangements of Certain Officers. Effective as of August 28, 2024, the Board of Directors (the "Board") of Envirotech Vehicles, Inc., a Delaware corporation (the "Company"), appointed Brock J. Pierce as a Class II director to the Board, with a term expiring at the Company's annual meeting of stockholders in 2025. Mr. Pierce's appointment filled an existing vacancy in the Class II directors. The Board has not yet appointed Mr. Pierce to any committees of the Board. Mr. Pierce is a crypto entrepreneur, futurist, and philanthropist with an extensive track record of founding, advising and investing in disruptive businesses. Mr. Pierce has served as Chairman of Bitcoin Foundation since June 2014 and Chairman of Integro Foundation since December 2017. He is the co-founder of Block.one, Blockchain Capital, Tether, Mastercoin, and Lighthouse NFT Smart Gallery, the first physical NFT smart gallery. Mr. Pierce has served as General Partner of SpaceFund since August 2021, Managing Member of Percival Services LLC since January 2019, and Managing Partner of Unicorn Ventures since January 2016. He has also served as a director of Bit Digital, Inc. (Nasdaq: BTBT) since May 2021. Mr. Pierce has co-founded, advised, and funded over 100 companies, primarily focused on technological innovation and blockchain technologies. In evaluating Mr. Pierce's specific experience, attributes and skills in connection with his appointment as a director of the Company, the Board considered his capital-raising experience, extensive network, and public company board experience. Mr. Pierce will receive compensation as a non-employee director in accordance with the Company's non-employee director compensation policy described in the Company's definitive proxy statement filed with the Securities and Exchange Commission on October 26, 2023. Mr. Pierce will receive a prorated porti
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release, dated August 29, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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. ENVIROTECH VEHICLES, INC. Date: September 4, 2024 By: /s/ Franklin Lim Franklin Lim Chief Financial Officer