Forza X1 director Leffew resigns; Visconti named interim CEO, Norton named president

Forza X1, Inc.

Jim Leffew resigned as director effective March 9, 2024; no disagreement with company.
Joseph Visconti appointed Interim CEO; he retains roles as Executive Chairman and Chief of Product Development.
Dan Norton appointed President; previously Chief Mechanical Engineer.
Visconti: $75k base salary, 100% target bonus, 400k stock option grant.
Norton: $160k base salary, 20% target bonus, 100k stock option grant.

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

Jim Leffew

Director

Forza X1, Inc.

Effective: 2024-03-09
Filed: March 13, 2024, 7:59 PM ET

On March 9, 2024, Jim Leffew, the former Chief Executive Officer of Forza X1, Inc. (the “Company”), notified the Company of his decision to resign, effective immediately, as a director of the Company.

Appointed

Dan Norton

President

Forza X1, Inc.

Effective: 2024-03-12
Filed: March 13, 2024, 7:59 PM ET

On March 12, 2024, the Company appointed Joseph Visconti as its Interim Chief Executive Officer and Dan Norton as its President.

Appointed (interim)

Joseph Visconti

Interim Chief Executive Officer

Forza X1, Inc.

Effective: 2024-03-12
Filed: March 13, 2024, 7:59 PM ET

On March 12, 2024, the Company appointed Joseph Visconti as its Interim Chief Executive Officer and Dan Norton as its President.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jim Leffew resigned as Director at Forza X1, Inc..

Action: resigned
Role: Director

Exact text from the filing

On March 9, 2024, Jim Leffew, the former Chief Executive Officer of Forza X1, Inc. (the “Company”), notified the Company of his decision to resign, effective immediately, as a director of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dan Norton was appointed as President at Forza X1, Inc..

Action: appointed
Role: President

Exact text from the filing

On March 12, 2024, the Company appointed Joseph Visconti as its Interim Chief Executive Officer and Dan Norton as its President.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Visconti was appointed as Interim Chief Executive Officer at Forza X1, Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

On March 12, 2024, the Company appointed Joseph Visconti as its Interim Chief Executive Officer and Dan Norton as its President.

View on SEC.gov

Source: SEC EDGAR

accession 0001731122-24-000427

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