---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-042071"
form_type: "8-K"
ticker: null
cik: "0001839132"
company_name: "Movella Holdings Inc."
filed_at: "2023-12-20T23:59:59+00:00"
generated_at: "2026-06-07T10:03:57.851015+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Movella CEO Ben A. Lee resigns; Eric Salzman named Interim CEO effective Jan 1, 2024

## Summary
- CEO Ben A. Lee resigns effective Dec 31, 2023; no disagreement; will serve as consultant for 3 months.
- Board appoints independent director Eric Salzman as Interim CEO effective Jan 1, 2024.
- Salzman to receive $480k base salary plus up to $60k per 6-month bonus; $300k change-in-control bonus.
- Company entered into waiver under Note Purchase Agreement regarding Q1/Q2 2023 restatement disclosures and financial delivery.

## SEC filing metadata
- accession: 0001628280-23-042071
- form_type: 8-K
- cik: 0001839132
- company_name: Movella Holdings Inc.
- filed_at: 2023-12-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839132/000162828023042071/0001628280-23-042071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839132/000162828023042071/mvla-20231215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-042071
- JSON: https://secwatch.observer/filing/0001628280-23-042071.json
- Plain text: https://secwatch.observer/filing/0001628280-23-042071.txt

## Key facts
- Executive change
  Ben A. Lee resigned as President and Chief Executive Officer at Movella Holdings Inc..
  - Action: resigned
  - Role: President and Chief Executive Officer
  source text: On December 15, 2023, the Company and Ben A. Lee mutually agreed to Mr. Lee’s resignation from his position as President and Chief Executive Officer of the Company, as well as from the Board of Directors of the Company (the “Board”), each effective December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839132/000162828023042071/0001628280-23-042071-index.htm
- Executive change
  Eric Salzman was appointed as Interim Chief Executive Officer at Movella Holdings Inc..
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: On December 15, 2023, the Board appointed Eric Salzman as the Company’s Interim Chief Executive Officer in connection with Mr. Lee’s resignation from that position, effective as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839132/000162828023042071/0001628280-23-042071-index.htm

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