secwatch.observer — SEC 8-K summary
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Issuer:     Netcapital Inc. (NCPL)
CIK:        0001414767
Form:       8-K
Filed at:   2026-04-16T23:59:59+00:00
Accession:  0001493152-26-017093
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Netcapital terminates CEO Rich Wheeless, appoints Todd Violette as new CEO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1414767/000149315226017093/0001493152-26-017093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1414767/000149315226017093/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-017093

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer