Envirotech Vehicles Announces Board Changes and New CFO
Ticker: EVTV · Form: 8-K · Filed: Dec 13, 2024 · CIK: 1563568
Sentiment: neutral
Topics: leadership-change, board-of-directors, cfo-appointment
TL;DR
Board shakeup at Envirotech: Miller out, Johnson & Smith in as directors, Smith also named CFO.
AI Summary
Envirotech Vehicles, Inc. announced on December 11, 2024, a series of significant corporate actions. These include the departure of director Mr. Robert A. Miller, the election of Ms. Jennifer L. Johnson and Mr. David L. Smith as new directors, and the appointment of Mr. David L. Smith as Chief Financial Officer. The company also reported on matters submitted to a vote of security holders.
Why It Matters
These changes in leadership and board composition can signal a shift in strategic direction or financial oversight for Envirotech Vehicles.
Risk Assessment
Risk Level: medium — Changes in key leadership and board members can introduce uncertainty regarding future strategy and execution.
Key Players & Entities
- Envirotech Vehicles, Inc. (company) — Registrant
- Robert A. Miller (person) — Departing Director
- Jennifer L. Johnson (person) — Newly Elected Director
- David L. Smith (person) — Newly Elected Director and CFO
- December 11, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the board of directors?
Mr. Robert A. Miller has departed from the board of directors.
Who have been elected as new directors?
Ms. Jennifer L. Johnson and Mr. David L. Smith have been elected as new directors.
Who has been appointed as the new Chief Financial Officer?
Mr. David L. Smith has been appointed as the new Chief Financial Officer.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is December 11, 2024.
What other item information is included in this filing besides director and officer changes?
The filing also includes information on the submission of matters to a vote of security holders.
Filing Stats: 858 words · 3 min read · ~3 pages · Grade level 13.9 · Accepted 2024-12-13 16:05:11
Key Financial Figures
- $0.00001 — nge on which registered Common stock , $0.00001 par value EVTV NASDAQ Stock Market L
Filing Documents
- adom20241213_8k.htm (8-K) — 40KB
- 0001437749-24-037474.txt ( ) — 170KB
- evtv-20241211.xsd (EX-101.SCH) — 3KB
- evtv-20241211_def.xml (EX-101.DEF) — 11KB
- evtv-20241211_lab.xml (EX-101.LAB) — 15KB
- evtv-20241211_pre.xml (EX-101.PRE) — 11KB
- adom20241213_8k_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. The 2024 Annual Meeting of Stockholders (the "Annual Meeting") of the Company was held on December 12, 2024. As of the close of business on October 16, 2024, the record date for determining stockholders entitled to notice of and to vote at the Annual Meeting (the "Record Date"), there were 16,622,010 shares of the Company's common stock, par value $0.00001 per share ("Common Stock"), outstanding, each of which entitled the holder to one vote on each matter brought before the Annual Meeting. Holders of 9,435,879 shares of Common Stock (representing 56.8% of the shares of Common Stock outstanding on the Record Date) were present in person or represented by proxy at the Annual Meeting, constituting a quorum. At the Annual Meeting, the stockholders of the Company voted on the four proposals described in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on October 30, 2024. The results for each matter voted on by the stockholders during the Annual Meeting are set forth below. Proposal 1 The Company's stockholders elected the following nominees to serve as Class I directors on the Company's board of directors, each to hold office for a three-year term expiring at the Company's 2027 Annual Meeting of Stockholders or until their successors have been duly elected and qualified or until their earlier resignation, removal or death, as set forth below: Nominee Votes For Votes Withheld Broker Non-Votes Terri White Elk 8,579,965 759,779 96,135 Michael Di Pietro 8,656,913 682,831 96,135 Proposal 2 The Company's stockholders approved the proposal to ratify the appointment of Barton CPA, PLLC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024, as set forth below: Votes For Votes Against Votes Abstained Broker Non-Votes 9,364,426 71,278 175 — Proposal 3 The Company's s
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: December 13, 2024 By: /s/ Phillip W. Oldridge Phillip W. Oldridge Chief Executive Officer