---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-017093"
form_type: "8-K"
ticker: "NCPL"
cik: "0001414767"
company_name: "Netcapital Inc."
filed_at: "2026-04-16T23:59:59+00:00"
generated_at: "2026-05-15T05:45:43.681880+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Netcapital terminates CEO Rich Wheeless, appoints Todd Violette as new CEO

## Summary
- Rich Wheeless terminated as CEO on April 12, 2026; Todd Violette named CEO effective April 13, 2026.
- Employment agreement with Violette: 12-month term, $120K annual base salary, bonus/stock option eligibility.
- Violette has 25+ years in capital markets/fintech; past CEO of CloudCover, AppYea, Vinergy, etc.
- Company issued press release April 16 announcing the appointment and strategic focus.

## SEC filing metadata
- accession: 0001493152-26-017093
- form_type: 8-K
- ticker: NCPL
- cik: 0001414767
- company_name: Netcapital Inc.
- filed_at: 2026-04-16T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1414767/000149315226017093/0001493152-26-017093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1414767/000149315226017093/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-017093
- JSON: https://secwatch.observer/filing/0001493152-26-017093.json
- Plain text: https://secwatch.observer/filing/0001493152-26-017093.txt

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