---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-000651"
form_type: "8-K/A"
ticker: null
cik: "0001839132"
company_name: "Movella Holdings Inc."
filed_at: "2024-01-05T23:59:59+00:00"
generated_at: "2026-06-07T03:22:30.462713+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Movella finalizes CEO Lee separation with $181.5K severance and consulting deal

## Summary
- Ben Lee receives $181,500 lump sum severance (6 months base salary) under separation agreement dated Jan 2, 2024.
- Lee will provide consulting services through March 31, 2024 at $30,250 per month for transition assistance.
- Equity vesting continues during consulting; unvested awards forfeited after; options exercisable until Sept 30, 2024 or 6 months post-consulting.
- Company pays COBRA premiums through Sept 30, 2024 and D&O tail insurance; Lee released all claims.

## SEC filing metadata
- accession: 0001628280-24-000651
- form_type: 8-K/A
- cik: 0001839132
- company_name: Movella Holdings Inc.
- filed_at: 2024-01-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839132/000162828024000651/0001628280-24-000651-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839132/000162828024000651/mvla-20231215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-000651
- JSON: https://secwatch.observer/filing/0001628280-24-000651.json
- Plain text: https://secwatch.observer/filing/0001628280-24-000651.txt

## Key facts
- Executive change
  Ben Lee resigned as Chief Executive Officer at Movella Holdings Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: In connection with the Leadership Transition, on January 2, 2024, Mr. Lee entered into a confidential separation agreement with the Company (the “Agreement”), the terms of which are materially consistent with the terms disclosed on the Company’s Current Report on Form 8-K filed on December 20, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839132/000162828024000651/0001628280-24-000651-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: 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 (the “Leadership Transition”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839132/000162828024000651/0001628280-24-000651-index.htm

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