secwatch.observer — SEC 8-K summary
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Issuer:     Forza X1, Inc. (—)
CIK:        0001901305
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001731122-24-000427
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901305/000173112224000427/0001731122-24-000427-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901305/000173112224000427/e5494_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-24-000427

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