---
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"
generated_at: "2026-05-23T05:10:29.499587+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Velo3D appoints directors Lloyd and Thieneman; Idelchik, Kreger resign; Thieneman entities hold $15M notes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-006362
- JSON: https://secwatch.observer/filing/0001641172-25-006362.json
- Plain text: https://secwatch.observer/filing/0001641172-25-006362.txt

## Key facts
- Executive change
  Bradley Kreger resigned as Director at Velo3D, Inc..
  - Action: resigned
  - Role: Director
  source text: the Board was notified by each of Michael Idelchik and Bradley Kreger of their decisions to resign as directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825079/000164117225006362/0001641172-25-006362-index.htm
- Executive change
  Michael Idelchik resigned as Director at Velo3D, Inc..
  - Action: resigned
  - Role: Director
  source text: the Board was notified by each of Michael Idelchik and Bradley Kreger of their decisions to resign as directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825079/000164117225006362/0001641172-25-006362-index.htm
- Executive change
  Kenneth Thieneman was appointed as Director at Velo3D, Inc..
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1825079/000164117225006362/0001641172-25-006362-index.htm
- Executive change
  Jason Lloyd was appointed as Director at Velo3D, Inc..
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1825079/000164117225006362/0001641172-25-006362-index.htm

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