---
schema_version: "secwatch.filing_event.v1"
accession: "0000947871-25-000373"
form_type: "8-K"
ticker: "MVST"
cik: "0001760689"
company_name: "Microvast Holdings, Inc."
filed_at: "2025-04-09T23:59:59+00:00"
generated_at: "2026-05-23T18:30:15.699937+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000947871-25-000373
- form_type: 8-K
- ticker: MVST
- cik: 0001760689
- company_name: Microvast Holdings, Inc.
- filed_at: 2025-04-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760689/000094787125000373/0000947871-25-000373-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760689/000094787125000373/ss4689169_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000947871-25-000373
- JSON: https://secwatch.observer/filing/0000947871-25-000373.json
- Plain text: https://secwatch.observer/filing/0000947871-25-000373.txt

## Source-grounded claims
- claim_id: 62b1e7dcdd
  claim: Fariyal Khanbabi departed as Chief Financial Officer at Microvast Holdings, Inc..
  evidence_excerpt: On April 7, 2025, Fariyal Khanbabi ceased to be employed as Chief Financial Officer of Microvast Holdings, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760689/000094787125000373/0000947871-25-000373-index.htm
- claim_id: 8bef0c2a60
  claim: Carl T. "Pat" Schultz was appointed as Chief Financial Officer at Microvast Holdings, Inc..
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760689/000094787125000373/0000947871-25-000373-index.htm

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