---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-121349"
form_type: "8-K"
ticker: "EVLV"
cik: "0001805385"
company_name: "Evolv Technologies Holdings, Inc."
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T21:04:20.803979+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Evolv Tech internal investigation finds $4M–$6M premature revenue; CFO resigns, interim CFO appointed

## Summary
- Investigation found $4M–$6M net premature/incorrect revenue recognition through June 30, 2024; cash $56M, no debt.
- CFO Mark Donohue resigned effective Nov 21; Board appointed Dave Rawden (AlixPartners) as Interim CFO.
- Four other employees terminated or resigned from sales, accounting, and finance departments.
- Company expects additional material weaknesses in internal controls; SEC and DOJ investigations ongoing.

## SEC filing metadata
- accession: 0001104659-24-121349
- form_type: 8-K
- ticker: EVLV
- cik: 0001805385
- company_name: Evolv Technologies Holdings, Inc.
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805385/000110465924121349/0001104659-24-121349-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805385/000110465924121349/tm2429098d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-121349
- JSON: https://secwatch.observer/filing/0001104659-24-121349.json
- Plain text: https://secwatch.observer/filing/0001104659-24-121349.txt

## Key facts
- Executive change
  Dave Rawden was appointed as Interim Chief Financial Officer at Evolv Technologies Holdings, Inc..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: On such date, the Company’s board of directors (the “Board”) also appointed Dave Rawden from AlixPartners LLP (“AlixPartners”), a leading global business advisory firm, as Interim Chief Financial Officer, and designated him as principal financial officer and principal accounting officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805385/000110465924121349/0001104659-24-121349-index.htm
- Executive change
  Mark Donohue resigned as Chief Financial Officer at Evolv Technologies Holdings, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On November 20, 2024, Mark Donohue, the Chief Financial Officer and principal financial officer and principal accounting officer of Evolv Technologies Holdings, Inc. (the “Company”), resigned effective November 21, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805385/000110465924121349/0001104659-24-121349-index.htm

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