Envirotech Vehicles, Inc. Files 8-K on Officer/Director Changes

TL;DR

EVTV leadership shakeup, new officers appointed, and compensation details disclosed.

AI Summary

Envirotech Vehicles, Inc. filed an 8-K on October 22, 2024, reporting events as of October 16, 2024. The filing pertains to the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. It also includes Regulation FD disclosures and financial statements/exhibits.

Why It Matters

This 8-K filing indicates potential shifts in the leadership and governance structure of Envirotech Vehicles, Inc., which could impact strategic direction and investor confidence.

Risk Assessment

Risk Level: medium — Changes in key personnel and compensatory arrangements can signal internal shifts that may affect the company's future performance and stability.

Key Players & Entities

• Envirotech Vehicles, Inc. (company) — Registrant
• October 16, 2024 (date) — Earliest event reported
• October 22, 2024 (date) — Date of report

FAQ

Key Financial Figures

• $0.00001 — on Which Registered Common stock , $0.00001 par value EVTV NASDAQ Stock Market
• $2.5 billion — verseen and successfully delivered over $2.5 billion in contracts and purchase orders in the
• $102,500,000 — common stock in an aggregate amount of $102,500,000 and a promissory note in the principal
• $11,388,890 — missory note in the principal amount of $11,388,890. Jason Maddox is the Chief Executive Of

Filing Documents

• adom20241022_8k.htm (8-K) — 34KB
• ex_735974.htm (EX-99.1) — 12KB
• 0001437749-24-031787.txt ( ) — 181KB
• evtv-20241016.xsd (EX-101.SCH) — 3KB
• evtv-20241016_def.xml (EX-101.DEF) — 11KB
• evtv-20241016_lab.xml (EX-101.LAB) — 15KB
• evtv-20241016_pre.xml (EX-101.PRE) — 11KB
• adom20241022_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. On October 16, 2024, Envirotech Vehicles, Inc., a Delaware corporation (the "Company"), announced the appointments of Jason Maddox as President of the Company and Elgin Tracy as Chief Operating Officer of the Company. Each of these appointments was effective as of October 16, 2024. Jason Maddox, 46, most recently served as Chief Executive Officer of Maddox Defense, Inc. ("Maddox Defense") since June 2008 and Chief Executive Officer of Maddox Industries LLC since January 2021. He delivers years of large company executive leadership, successfully building Maddox Defense to one of the major players in government contracting. Mr. Maddox graduated from the University of Colorado with a Bachelor of Science degree in mechanical engineering and journalism and mass communication. He also holds a master's degree in entrepreneurship from the Babson F.W. Olin Graduate School and a post-graduate degree in entrepreneurship studies from Harvard Business School. Elgin Tracy, 40, most recently served as Chief Operating Officer of Maddox Defense since August 2021. Prior to this position, Mr. Tracy previously served as Head of Operations of Maddox Defense from August 2020 to August 2021. Before joining Maddox Defense, Mr. Tracy held the position of a manufacturer at PPE Manufacturer from 2019 to 2021 and was a managing partner for Foreman Electric Company from 2017 to 2018. Renowned for his over 20 years of expertise in operating and running successful businesses in the defense and oil & gas sectors, Mr. Tracy brings a wealth of operational and logistical experience, having overseen and successfully delivered over $2.5 billion in contracts and purchase orders in the past five years. In his most recent role as Chief Operating Officer of Maddox Defense, Mr. Tracy played a pivotal role in delivering over 100 million COVID test

01

Item 7.01 Regulation FD. On October 16, 2024, the Company issued a press release announcing the appointments of Jason Maddox as President of the Company and Elgin Tracy as Chief Operating Officer of the Company. A copy of this press release is attached hereto as Exhibit 99.1 and incorporated by reference in this Item 7.01. The information in this Item 7.01, including Exhibit 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release, dated October 16, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL)

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. Dated: October 22, 2024 By: /s/ Franklin Lim Franklin Lim Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR