---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-001103"
form_type: "8-K"
ticker: "VEEE"
cik: "0001855509"
company_name: "Twin Vee PowerCats, Co."
filed_at: "2024-07-15T23:59:59+00:00"
generated_at: "2026-05-31T20:49:49.605655+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001731122-24-001103
- form_type: 8-K
- ticker: VEEE
- cik: 0001855509
- company_name: Twin Vee PowerCats, Co.
- filed_at: 2024-07-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855509/000173112224001103/0001731122-24-001103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855509/000173112224001103/e5813_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-001103
- JSON: https://secwatch.observer/filing/0001731122-24-001103.json
- Plain text: https://secwatch.observer/filing/0001731122-24-001103.txt

## Key facts
- Executive change
  Karl J. Zimmer was appointed as President at Twin Vee PowerCats, Co..
  - Action: appointed
  - Role: President
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1855509/000173112224001103/0001731122-24-001103-index.htm

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