{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-006362","form_type":"8-K","ticker":"VELO","cik":"0001825079","company_name":"Velo3D, Inc.","filed_at":"2025-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.957123+00:00","generated_at":"2026-05-23T05:10:29.499587+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Velo3D appoints directors Lloyd and Thieneman; Idelchik, Kreger resign; Thieneman entities hold $15M notes","bullets":["Bradley Kreger (COO) and Michael Idelchik resigned as directors on April 22, 2025; no disagreement with company.","Appointed Jason Lloyd (retired Navy Rear Admiral, VP at TotalTek) and Kenneth Thieneman (CEO Thieneman Construction) effective April 24, 2025.","Thieneman-related entities hold $15M in secured convertible notes: $5M Jan Note ($750k interest paid) and $10M Feb Note (~$3M annual interest, unpaid as of April 25).","Lloyd to serve on Audit, Compensation, and Nominating Committees; Thieneman's appointment gives creditor board representation."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-006362","json":"https://secwatch.observer/filing/0001641172-25-006362.json","markdown":"https://secwatch.observer/filing/0001641172-25-006362.md","text":"https://secwatch.observer/filing/0001641172-25-006362.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825079/000164117225006362/0001641172-25-006362-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825079/000164117225006362/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T05:10:29.499587+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"546668b14b","claim":"Bradley Kreger resigned as Director at Velo3D, Inc..","evidence_excerpt":"the Board was notified by each of Michael Idelchik and Bradley Kreger of their decisions to resign as directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825079/000164117225006362/0001641172-25-006362-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"89cb174f42","claim":"Michael Idelchik resigned as Director at Velo3D, Inc..","evidence_excerpt":"the Board was notified by each of Michael Idelchik and Bradley Kreger of their decisions to resign as directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825079/000164117225006362/0001641172-25-006362-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a1c23efde6","claim":"Kenneth Thieneman was appointed as Director at Velo3D, Inc..","evidence_excerpt":"appointed each of Jason Lloyd and Kenneth Thieneman to serve as directors of the Board to fill the vacancies created by the resignations described below.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825079/000164117225006362/0001641172-25-006362-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ad2988abbd","claim":"Jason Lloyd was appointed as Director at Velo3D, Inc..","evidence_excerpt":"appointed each of Jason Lloyd and Kenneth Thieneman to serve as directors of the Board to fill the vacancies created by the resignations described below.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825079/000164117225006362/0001641172-25-006362-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}