secwatch.observer — SEC 8-K summary
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Issuer:     Microvast Holdings, Inc. (MVST)
CIK:        0001760689
Form:       8-K
Filed at:   2025-04-09T23:59:59+00:00
Accession:  0000947871-25-000373
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1760689/000094787125000373/0000947871-25-000373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1760689/000094787125000373/ss4689169_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-25-000373

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