8-K
filed July 6, 2026, 8:00 AM ET
ticker EVTV
CIK 0001563568
M&A
confidence high
sentiment neutral
materiality 0.90
Envirotech Vehicles closes acquisition of Azio AI; issues 2.46M shares, 973K preferred; new CEO appointed
Envirotech Vehicles, Inc.
- Acquired Azio AI in a stock-for-stock merger; issued 2,460,351 shares of common and 973,450 shares of Series A non-voting convertible preferred as consideration.
- Each Series A preferred share convertible into 100 common shares upon stockholder approval; conversion capped at 19.9% of pre-merger common.
- Phillip Oldridge resigned as CEO and chairman; Chris Young appointed CEO and Class II director effective immediately.
- Simon Yu appointed President, Jason Maddox as CFO; other officers include David Shiue, Gary Chen, Jenny Yang.
- Company will seek stockholder approval for conversion of preferred, adoption of equity plan, and name change to Azio AI Holdings.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Chris Young was appointed as Chief Executive Officer and Class II Director at Envirotech Vehicles, Inc..
- Action
- appointed
- Role
- Chief Executive Officer and Class II Director
Exact text from the filing
the Board appointed Chris Young as Chief Executive Officer of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jenny Yang was appointed as Chief Administrative Officer at Envirotech Vehicles, Inc..
- Action
- appointed
- Role
- Chief Administrative Officer
Exact text from the filing
Jenny Yang as Chief Administrative Officer of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gary Chen was appointed as Chief Product Officer at Envirotech Vehicles, Inc..
- Action
- appointed
- Role
- Chief Product Officer
Exact text from the filing
Gary Chen as Chief Product Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Shiue was appointed as Chief Business Development Officer at Envirotech Vehicles, Inc..
- Action
- appointed
- Role
- Chief Business Development Officer
Exact text from the filing
David Shiue as Chief Business Development Officer of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Phillip W. Oldridge resigned as Chief Executive Officer and Chairman at Envirotech Vehicles, Inc..
- Action
- resigned
- Role
- Chief Executive Officer and Chairman
Exact text from the filing
In accordance with the Merger Agreement, effective upon the Closing, Phillip W. Oldridge resigned from his positions as Chairman and director of the Board and any respective committees thereto of which he was a member, and as Chief Executive Officer of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Simon Yu was appointed as President at Envirotech Vehicles, Inc..
- Action
- appointed
- Role
- President
Exact text from the filing
Simon Yu as President of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Maddox was appointed as Chief Financial Officer at Envirotech Vehicles, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Jason Maddox as Chief Financial Officer of the Company
View on SEC.gov
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.