Vision Marine Appoints New CFO

TL;DR

Vision Marine just hired a new CFO, Raffi Sossoyan, as they ramp up production.

AI Summary

Vision Marine Technologies Inc. announced the appointment of Raffi Sossoyan as Chief Financial Officer, effective March 1, 2024. This appointment is part of the company's strategic push towards increased manufacturing, production, and delivery. The company is incorporated in Canada and its principal executive offices are located in Boisbriand, Quebec.

Why It Matters

The appointment of a new CFO signals a strategic shift and potential growth phase for Vision Marine Technologies, impacting its financial management and operational execution.

Risk Assessment

Risk Level: low — This filing is a routine announcement of an executive appointment and does not contain significant financial or operational risks.

Key Players & Entities

• Vision Marine Technologies Inc. (company) — Registrant
• Raffi Sossoyan (person) — Appointed Chief Financial Officer
• March 1, 2024 (date) — Effective date of appointment

FAQ

Key Financial Figures

• $370 million — rations amidst global sales exceeding US$370 million. Additionally, his tenure as CFO at Val
• $50 m — Inc., driving worldwide sales beyond US$50 million, highlights his capacity to spear

Filing Documents

• tm2333687d2_6k.htm (6-K) — 13KB
• tm2333687d2_ex99-1.htm (EX-99.1) — 8KB
• tm2333687d2_ex99-2.htm (EX-99.2) — 9KB
• 0001104659-24-032464.txt ( ) — 31KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 Commission File No. 001-39730 VISION MARINE TECHNOLOGIES INC. (Translation of registrant’s name into English) 730 Boulevard du Curé-Boivin Boisbriand, Québec, J7G 2A7, Canada (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F Form 20-F x Form 40-F ¨ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ¨ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ¨ Executive Officer Appointment On March 1, 2024, we appointed Raffi Sossoyan as our Chief Financial Officer. This strategic appointment marks a significant step as we gear up for an ambitious phase focused on manufacturing, production, and delivery, underlining our dedication to scaling our operations and enhancing our market footprint. Raffi Sossoyan brings a wealth of experience, with over 25 years in global financial and operational leadership. His recent role as Vice President, Corporate Treasury at Velan, Inc., a Canadian multinational company listed on the Toronto Stock Exchange (TSX), where he managed financial operations amidst global sales exceeding US$370 million. Additionally, his tenure as CFO at Valtech Fabrication, Inc., driving worldwide sales beyond US$50 million, highlights his capacity to spearhead financial growth and success. Executive Officer Departure Although Kulwant Sandher resigned as our Chief Financial Officer immediately prior to Mr. Sossoyan’s appointment, Mr. Sandher will continue his relationship with us as a consultant to our company. We express deep appreciation to Kulwant Sandher for his outstanding leadership and dedication as the departing CFO. Mr. Sandher's strategic insights and guidance, particularly during the IPO process and the development of the E-Motion™ technology, have been critical to Vision Marine's success. Director Appointment On February 13, 2024, our Board of Directors appointed Anthony E. Cassella, Jr. as independent director of our company. Mr. Cassella has served as the Executive Vice President Finance and Chief Accounting Officer of MarineMax, Inc. (NYSE: HZO) over his 26 year career with MarineMax, Inc. Among his responsibilities at MarineMax, Mr. Cassella oversees key functions including finance, mergers and acquisitions, accounting, inventory, and treasury. We believe that Mr. Cassella's background and knowledge of the industry will bring incredible value to the next chapter of our mission to become the leading provider of electric propulsion for the boating industry. General The information contained in this Report on Form 6-K (excluding the exhibit) is hereby incorporated by reference into our Registration Statement on Form F-3 (File No. 333-267893) and Registration Statement on Form S-8 (File No. 333-264089). Exhibit Index No. 99.1 Press Release entitled “Vision Marine Technologies Welcomes Raffi Sossoyan as Chief Financial Officer Amid Transition to Manufacturing and Delivery Phase”, dated Marh 1, 2024 99.2 Press Release entitled “Vision Marine Technologies, Inc. Appoints Anthony Cassella, Chief Accounting Officer of MarineMax, to the Board of Directors”, dated February 13, 2024 SIGNATURE 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. VISION MARINE TECHNOLOGIES INC. Date: March 8, 2024 By: /s/ Raffi Sossoyan Name: Raffi Sossoyan Title: Chief Financial Officer

View Full Filing

View this 6-K filing on SEC EDGAR