AYRO appoints new CFO and President to re-engineer low-speed EV Vanish

Fabric.AI, Inc.

Joseph Ramelli appointed CFO effective Aug 21, 2024; brings capital markets experience from biotech/finance.
Gilbert Villarreal named President of AYRO's operating subsidiary; founder of GLV Ventures, 25 yrs EV manufacturing.
Executive Chairman Josh Silverman highlights $37M cash (June 30); plan to re-engineer Vanish for cost reduction.
Company evaluating M&A and capital investment opportunities to maximize stockholder value.

item 5.02 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Gilbert Villarreal

President of the Company’s subsidiary, DropCar Operating Company, Inc.

FABC · Fabric.AI, Inc.

Effective: 2024-08-21
Filed: August 27, 2024, 7:59 PM ET

On August 21, 2024, Gilbert Villarreal was appointed to the position of President of the Company’s subsidiary, DropCar Operating Company, Inc. (“Operating Subsidiary”), effective as August 21, 2024.

Appointed

Joseph Ramelli

Chief Financial Officer

FABC · Fabric.AI, Inc.

Effective: 2024-08-21
Filed: August 27, 2024, 7:59 PM ET

On August 21, 2024, Ayro, Inc. (the “Company”) appointed Joseph Ramelli to the position of Chief Financial Officer of the Company, effective as August 21, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gilbert Villarreal was appointed as President of the Company’s subsidiary, DropCar Operating Company, Inc. at Fabric.AI, Inc..

Action: appointed
Role: President of the Company’s subsidiary, DropCar Operating Company, Inc.

Exact text from the filing

On August 21, 2024, Gilbert Villarreal was appointed to the position of President of the Company’s subsidiary, DropCar Operating Company, Inc. (“Operating Subsidiary”), effective as August 21, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Ramelli was appointed as Chief Financial Officer at Fabric.AI, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On August 21, 2024, Ayro, Inc. (the “Company”) appointed Joseph Ramelli to the position of Chief Financial Officer of the Company, effective as August 21, 2024.

View on SEC.gov

Fabric.AI, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-033935

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