---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-004217"
form_type: "8-K"
ticker: "ELA"
cik: "0000701719"
company_name: "Envela Corp"
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T03:04:09.943135+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-24-004217
- form_type: 8-K
- ticker: ELA
- cik: 0000701719
- company_name: Envela Corp
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/701719/000165495424004217/0001654954-24-004217-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/701719/000165495424004217/ela_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-004217
- JSON: https://secwatch.observer/filing/0001654954-24-004217.json
- Plain text: https://secwatch.observer/filing/0001654954-24-004217.txt

## Key facts
- Executive change
  Bret A. Pedersen resigned as Chief Financial Officer at Envela Corp.
  - Action: resigned
  - Role: Chief Financial Officer
  source text: Mr. Pedersen notified Envela of his intent to resign as Chief Financial Officer effective March 25, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/701719/000165495424004217/0001654954-24-004217-index.htm
- Executive change
  John DeLuca was elected as Chief Financial Officer at Envela Corp.
  - Action: elected
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/701719/000165495424004217/0001654954-24-004217-index.htm

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