Microvast appoints Pat Schultz as CFO; Fariyal Khanbabi departs April 7

Microvast Holdings, Inc.

Fariyal Khanbabi ceased as CFO on April 7, 2025; no reason given.
New CFO Carl T. 'Pat' Schultz, former Air Liquide NA CFO, starts April 21, 2025.
Schultz receives $420k base salary, 45% target bonus, one-time RSU grant of 35,000 shares.
Options to acquire 300,000 shares vesting over 3 years.
Severance: 9 months base salary if terminated without cause, plus prorated vesting.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Fariyal Khanbabi

Chief Financial Officer

MVST · Microvast Holdings, Inc.

Effective: 2025-04-07
Successor: Carl T. "Pat" Schultz
Filed: April 9, 2025, 7:59 PM ET

On April 7, 2025, Fariyal Khanbabi ceased to be employed as Chief Financial Officer of Microvast Holdings, Inc.

Appointed

Carl T. "Pat" Schultz

Chief Financial Officer

MVST · Microvast Holdings, Inc.

Effective: 2025-04-21
Filed: April 9, 2025, 7:59 PM ET

On April 3, 2025, the Company made an offer of employment to Carl T. “Pat” Schultz pursuant to which Mr. Schultz will serve as the Company’s Chief Financial Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Fariyal Khanbabi departed as Chief Financial Officer at Microvast Holdings, Inc..

Action: ceased to be employed
Role: Chief Financial Officer

Exact text from the filing

On April 7, 2025, Fariyal Khanbabi ceased to be employed as Chief Financial Officer of Microvast Holdings, Inc.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Carl T. "Pat" Schultz was appointed as Chief Financial Officer at Microvast Holdings, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On April 3, 2025, the Company made an offer of employment to Carl T. “Pat” Schultz pursuant to which Mr. Schultz will serve as the Company’s Chief Financial Officer

View on SEC.gov

Microvast Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000947871-25-000373

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