Velo3D Announces Board Changes and Executive Compensation Updates
Ticker: VLDXW · Form: 8-K · Filed: Jun 17, 2024 · CIK: 1825079
| Field | Detail |
|---|---|
| Company | Velo3d, Inc. (VLDXW) |
| Form Type | 8-K |
| Filed Date | Jun 17, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
TL;DR
Velo3D board shakeup and comp changes filed. New directors in.
AI Summary
On June 17, 2024, Velo3D, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the election of new directors and updates to compensatory arrangements for certain officers, alongside a Regulation FD disclosure and financial statements.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can indicate internal shifts that may affect future company performance and strategy.
Key Players & Entities
- Velo3D, Inc. (company) — Registrant
- June 17, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of incorporation
- 2710 Lakeview Court, Fremont, California 94538 (address) — Business Address
FAQ
What specific items are covered in the 8-K filing by Velo3D, Inc. on June 17, 2024?
The 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, compensatory arrangements of certain officers, Regulation FD disclosure, and financial statements and exhibits.
What is Velo3D, Inc.'s state of incorporation and IRS Employer Identification Number?
Velo3D, Inc. is incorporated in Delaware and its IRS Employer Identification Number is 98-1556965.
What is the business address of Velo3D, Inc. as listed in the filing?
The business address of Velo3D, Inc. is 2710 Lakeview Court, Fremont, California 94538.
What was Velo3D, Inc.'s former company name and when did the name change occur?
Velo3D, Inc. was formerly known as JAWS Spitfire Acquisition Corp, with a name change date of September 21, 2020, and prior to that, Spitfire Acquisition Corp, with a name change date of September 16, 2020.
What is the filing date and the earliest event reported date for this 8-K filing?
The filing date and the date of the earliest event reported for this 8-K filing is June 17, 2024.
Filing Stats: 820 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-06-17 16:22:34
Key Financial Figures
- $0.00001 — ich registered Common stock, par value $0.00001 per share VLD New York Stock Exchange
- $11.50 — mon stock, each at an exercise price of $11.50 per share VLD WS New York Stock Exchang
Filing Documents
- vld-20240617.htm (8-K) — 35KB
- exhibit991-bradkregerforma.htm (EX-99.1) — 19KB
- 0001825079-24-000025.txt ( ) — 239KB
- vld-20240617.xsd (EX-101.SCH) — 2KB
- vld-20240617_def.xml (EX-101.DEF) — 18KB
- vld-20240617_lab.xml (EX-101.LAB) — 32KB
- vld-20240617_pre.xml (EX-101.PRE) — 19KB
- vld-20240617_htm.xml (XML) — 4KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On June 17, 2024, the Company issued a press release announcing the appointment of Mr. Kreger as the Company's Chief Executive Officer, a copy of which is furnished herewith as Exhibit 99.1. The information contained in this Item 7.01, including Exhibit 99.1, is being furnished to the Securities and Exchange Commission and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01. Financial Statement and Exhibits
Item 9.01. Financial Statement and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release issued June 17, 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. Velo3D, Inc. Date: June 17, 2024 By: /s/ Bradley Kreger Name: Bradley Kreger Title: Chief Executive Officer