---
schema_version: "secwatch.filing_event.v1"
accession: "0000947871-23-000839"
form_type: "8-K"
ticker: "MVST"
cik: "0001760689"
company_name: "Microvast Holdings, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:26:42.277847+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000947871-23-000839
- form_type: 8-K
- ticker: MVST
- cik: 0001760689
- company_name: Microvast Holdings, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760689/000094787123000839/0000947871-23-000839-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760689/000094787123000839/ss2362436_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000947871-23-000839
- JSON: https://secwatch.observer/filing/0000947871-23-000839.json
- Plain text: https://secwatch.observer/filing/0000947871-23-000839.txt

## Key facts
- Executive change
  Zachariah Ward was appointed as President at Microvast Holdings, Inc..
  - Action: promoted
  - Role: President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760689/000094787123000839/0000947871-23-000839-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.