leadership
confidence high
sentiment neutral
materiality 0.50
Envirotech Vehicles appoints Jason Maddox as Class II director
Envirotech Vehicles, Inc.
- Appointed effective August 6, 2025; term runs until 2025 annual meeting.
- Maddox already serves as President (since Oct 2024) and Interim CFO (since Jan 2025).
- No additional compensation for the director role.
- Maddox was sole member of Maddox Industries acquired by Co in Dec 2024 for ~$4.3M in stock plus potential $1M earnout (none earned).
- Related-party transactions: ~$705K received and ~$483K expenses reimbursed from Maddox Defense, founded by Maddox.
item 5.02