---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-108826"
form_type: "8-K"
ticker: null
cik: "0001637736"
company_name: "ELECTRAMECCANICA VEHICLES CORP."
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T00:47:56.774545+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-108826
- form_type: 8-K
- cik: 0001637736
- company_name: ELECTRAMECCANICA VEHICLES CORP.
- filed_at: 2023-10-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1637736/000110465923108826/0001104659-23-108826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1637736/000110465923108826/tm2328164d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-108826
- JSON: https://secwatch.observer/filing/0001104659-23-108826.json
- Plain text: https://secwatch.observer/filing/0001104659-23-108826.txt

## Key facts
- Executive change
  Stephen Johnston was appointed as Chief Financial Officer at ELECTRAMECCANICA VEHICLES CORP..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637736/000110465923108826/0001104659-23-108826-index.htm
- Executive change
  Mark Orsmond departed as Chief Financial Officer at ELECTRAMECCANICA VEHICLES CORP..
  - Action: departing
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637736/000110465923108826/0001104659-23-108826-index.htm

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