Twin Vee PowerCats appoints Karl Zimmer as President with three-year employment deal

Twin Vee PowerCats, Co.

Karl Zimmer appointed President effective July 12, 2024; CEO Visconti to focus on business development and M&A.
Three-year employment agreement with $200K base salary; eligible for annual cash bonus up to 50-100% of base.
Granted initial option for 500K shares vesting over 5 years; additional 500K option subject to shareholder approval.
Zimmer also receives $1K/month medical subsidy, $50K relocation expenses, and 4 weeks vacation.
Zimmer consented to 2016 SEC cease-and-desist order related to FCPA violations at General Cable.

item 5.02 item 9.01

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Appointed

Karl J. Zimmer

President

VEEE · Twin Vee PowerCats, Co.

Effective: 2024-07-12
Filed: July 15, 2024, 7:59 PM ET

On July 8, 2024, the Board of Directors (the “Board”) of Twin Vee PowerCats Co. (the ‘Company”) appointed Karl J. Zimmer to serve as President of the Company, effective July 12, 2024.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Karl J. Zimmer was appointed as President at Twin Vee PowerCats, Co..

Action: appointed
Role: President

Exact text from the filing

On July 8, 2024, the Board of Directors (the “Board”) of Twin Vee PowerCats Co. (the ‘Company”) appointed Karl J. Zimmer to serve as President of the Company, effective July 12, 2024.

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Source: SEC EDGAR

accession 0001731122-24-001103

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