{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-24-001930","form_type":"8-K","ticker":"VEEE","cik":"0001855509","company_name":"Twin Vee PowerCats, Co.","filed_at":"2024-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.090271+00:00","generated_at":"2026-05-29T07:24:17.178550+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Twin Vee PowerCats President Karl Zimmer resigns; cost reduction amid declining demand","bullets":["President Karl Zimmer resigned effective Nov 30, 2024 to reduce operational cash burn amid declining recreational marine demand.","Zimmer receives 100% of $200,000 annual base salary through Separation Date; $60,000 consulting fee on Jan 2, 2025 plus $2,500 per diem.","20,000 Initial Stock Options vest on Jan 2, 2025; exercisable until Jan 2, 2026 or 90 days after consulting termination.","Separation includes general release of claims against company and non-disparagement clause."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-24-001930","json":"https://secwatch.observer/filing/0001731122-24-001930.json","markdown":"https://secwatch.observer/filing/0001731122-24-001930.md","text":"https://secwatch.observer/filing/0001731122-24-001930.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1855509/000173112224001930/0001731122-24-001930-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1855509/000173112224001930/e6192_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T07:24:17.178550+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}