secwatch.observer — SEC 8-K summary
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Issuer:     Envela Corp (ELA)
CIK:        0000701719
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0001654954-24-004217
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701719/000165495424004217/0001654954-24-004217-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701719/000165495424004217/ela_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-004217

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer