leadership
confidence high
sentiment neutral
materiality 0.62
Velo3D CFO James Suva departs; Terence P. Wynn named Interim CFO under $32,500/month KBC consulting pact
Velo3D, Inc.
- James Suva separated as Velo3D CFO and principal financial/accounting officer effective Sept 28, 2026; the filing states no disagreement over operations, policies or practices.
- Board appointed Terence P. Wynn, 70, Interim CFO effective Sept 28, 2026; he serves as a KBC consultant, not a Velo3D employee, and receives no direct compensation.
- Velo3D will pay KongBasileConsulting $32,500 per month, prorated, plus pre-approved expenses; KBC must give 60 days' notice to remove Wynn without Company consent.
- KBC liability capped at 12 months of fees, or $1,000,000 for certain breaches; KBC must maintain professional liability insurance of at least $1,000,000 per claim.
- Services Agreement is void if Wynn's appointment is not made by Oct 15, 2026; the Company signed by CEO Arun Jeldi and KBC by Stanley Kong.