Microvast promotes Zach Ward to President; Shane Smith shifts to CPO role

Microvast Holdings, Inc.

Zach Ward promoted to President effective Aug 3, 2023; succeeds Yang Wu as President, Wu remains CEO and Chairman.
Mr. Ward granted options to purchase 1,000,000 shares at $2.67, vesting over 3 years subject to performance goals.
Annual base salary set at $450,000 under amended employment agreement effective Aug 5, 2023.
Shane Smith transitions from COO to Chief Procurement Officer effective Aug 7, 2023.
Ward previously President of Microvast Energy since Aug 2022; brings over 20 years of energy/tech experience.

item 5.02 item 9.01

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Appointed

Zachariah Ward

President

MVST · Microvast Holdings, Inc.

Effective: 2023-08-03
Filed: August 8, 2023, 7:59 PM ET

On August 3, 2023, the Board of Directors (the “Board”) of Microvast Holdings, Inc. (the “Company”) approved the promotion of Zachariah Ward to President of the Company, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Zachariah Ward was appointed as President at Microvast Holdings, Inc..

Action: promoted
Role: President

Exact text from the filing

On August 3, 2023, the Board of Directors (the “Board”) of Microvast Holdings, Inc. (the “Company”) approved the promotion of Zachariah Ward to President of the Company, effective immediately.

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Microvast Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000947871-23-000839

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