---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-002627"
form_type: "8-K"
ticker: "NEOV"
cik: "0001748137"
company_name: "NeoVolta Inc."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:48:16.085461+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NeoVolta appoints Ardes Johnson as CEO effective April 29, 2024; founder Willson remains Chairman and CTO

## Summary
- Johnson receives base salary $350k, target bonus 100% of base (max 150%), and annual equity target $660k.
- RSU grant of 1,280,000 shares vesting over 4 years as new hire award.
- Initial term through June 30, 2027 with automatic one-year renewals.
- Severance: 6 months base salary plus prorated bonus if terminated without cause or for good reason.
- Performance goal for FY2025: sale of 1,200 units (excluding a specified distributor).

## SEC filing metadata
- accession: 0001683168-24-002627
- form_type: 8-K
- ticker: NEOV
- cik: 0001748137
- company_name: NeoVolta Inc.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1748137/000168316824002627/0001683168-24-002627-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1748137/000168316824002627/neovolta_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-002627
- JSON: https://secwatch.observer/filing/0001683168-24-002627.json
- Plain text: https://secwatch.observer/filing/0001683168-24-002627.txt

## Key facts
- Executive change
  Ardes Johnson was appointed as Chief Executive Officer at NeoVolta Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On April 19, 2024, NeoVolta, Inc. (the “Company”) entered into an employment agreement (the “Employment Agreement”) with Ardes Johnson pursuant to which Mr. Johnson agreed to serve as the Company’s chief executive officer commencing April 29, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1748137/000168316824002627/0001683168-24-002627-index.htm
- Executive change
  Brent Willson changed role as Chairman of the Board and Chief Technology Officer at NeoVolta Inc..
  - Role: Chairman of the Board and Chief Technology Officer
  source text: Brent Willson, the founder of the Company and former chief executive officer will remain as Chairman of the Board and chief technology officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1748137/000168316824002627/0001683168-24-002627-index.htm

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