CFO Orsmond out, Johnston in; CEO says Tevva deal terminated, evaluating other M&A

ELECTRAMECCANICA VEHICLES CORP.

Mark Orsmond terminated as CFO effective Oct 9, 2023; consulting deal through Dec 31, 2023 at CAN$45,810/mo.
Stephen Johnston appointed CFO; receives $425K base salary, 300K RSU sign-on grant.
CEO letter confirms termination of merger with Tevva; evaluated ~100 companies, talks with several others.
Workforce reduced 80%+ from 10 months ago to ~50 people; burn rate lowered; balance sheet leaned out.
Company prioritizing path to scaled profitable revenue; contract assembly in Mesa still option.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Stephen Johnston

Chief Financial Officer

ELECTRAMECCANICA VEHICLES CORP.

Effective: 2023-10-09
Filed: October 12, 2023, 7:59 PM ET

Appointment of Stephen Johnston as Chief Financial Officer In connection with the departure of Mr. Orsmond, on October 9, 2023 (the “Start Date”), the Company appointed Stephen Johnston as the Company’s Chief Financial Officer, effective immediately.

Departed

Mark Orsmond

Chief Financial Officer

ELECTRAMECCANICA VEHICLES CORP.

Effective: 2023-10-09
Successor: Stephen Johnston
Filed: October 12, 2023, 7:59 PM ET

Departure of Mark Orsmond as Chief Financial Officer On October 12, 2023, ElectraMeccanica Vehicles Corp. (the “Company”) announced that Mark Orsmond is no longer serving as the Company’s Chief Financial Officer, effective October 9, 2023, and will be departing the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen Johnston was appointed as Chief Financial Officer at ELECTRAMECCANICA VEHICLES CORP..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Appointment of Stephen Johnston as Chief Financial Officer In connection with the departure of Mr. Orsmond, on October 9, 2023 (the “Start Date”), the Company appointed Stephen Johnston as the Company’s Chief Financial Officer, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Orsmond departed as Chief Financial Officer at ELECTRAMECCANICA VEHICLES CORP..

Action: departing
Role: Chief Financial Officer

Exact text from the filing

Departure of Mark Orsmond as Chief Financial Officer On October 12, 2023, ElectraMeccanica Vehicles Corp. (the “Company”) announced that Mark Orsmond is no longer serving as the Company’s Chief Financial Officer, effective October 9, 2023, and will be departing the Company.

View on SEC.gov

Source: SEC EDGAR

accession 0001104659-23-108826

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.