Envela elects John DeLuca as CFO; Bret Pedersen resigns effective March 25, 2024

Envela Corp

CFO Bret Pedersen resigns effective March 25, 2024; John DeLuca elected to succeed him on March 19, 2024.
DeLuca, age 47, brings 20+ years in secondary metal-processing; prior CFO at Move It Storage and Emerald Textiles.
DeLuca's compensation: $220,000 annual salary, no bonuses, standard healthcare; no past transactions >$120,000 with Envela.
No family relationships between DeLuca and other directors or executive officers.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Bret A. Pedersen

Chief Financial Officer

ELA · Envela Corp

Effective: 2024-03-25
Successor: John DeLuca
Filed: April 3, 2024, 7:59 PM ET

Mr. Pedersen notified Envela of his intent to resign as Chief Financial Officer effective March 25, 2024.

Appointed

John DeLuca

Chief Financial Officer

ELA · Envela Corp

Effective: 2024-03-19
Filed: April 3, 2024, 7:59 PM ET

On March 19, 2024, Envela Corporation’s (the “Company”) Board of Directors elected John DeLuca, age 47, to the position of Chief Financial Officer following the resignation of current Chief Financial Officer Bret A. Pedersen.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Bret A. Pedersen resigned as Chief Financial Officer at Envela Corp.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Mr. Pedersen notified Envela of his intent to resign as Chief Financial Officer effective March 25, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John DeLuca was elected as Chief Financial Officer at Envela Corp.

Action: elected
Role: Chief Financial Officer

Exact text from the filing

On March 19, 2024, Envela Corporation’s (the “Company”) Board of Directors elected John DeLuca, age 47, to the position of Chief Financial Officer following the resignation of current Chief Financial Officer Bret A. Pedersen.

View on SEC.gov

Envela Corp filing history →

Source: SEC EDGAR

accession 0001654954-24-004217

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