---
schema_version: "secwatch.filing_event.v1"
accession: "0001760689-22-000014"
form_type: "8-K"
ticker: "MVST"
cik: "0001760689"
company_name: "Microvast Holdings, Inc."
filed_at: "2022-04-19T23:59:59+00:00"
generated_at: "2026-06-26T06:34:54.837416+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Microvast appoints Craig Webster as CFO, replaces Leon Zheng; Kelterborn named President

## Summary
- CFO Leon Zheng stepped down April 14, 2022; will remain on board and serve as senior advisor for up to 18 months at $25K/month.
- Craig Webster, former Lead Independent Director, appointed CFO effective April 14; base salary $400K, 1M stock options vesting over 3 years.
- Sascha Kelterborn promoted from Chief Revenue Officer to President; base salary $400K, 800K stock options vesting over 3 years.
- Webster resigns from board committees but stays as non-independent director for transition period.
- Zheng's termination not related to any disagreement with accounting or operating policies.

## SEC filing metadata
- accession: 0001760689-22-000014
- form_type: 8-K
- ticker: MVST
- cik: 0001760689
- company_name: Microvast Holdings, Inc.
- filed_at: 2022-04-19T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1760689/000176068922000014/0001760689-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1760689/000176068922000014/mvst-20220414.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001760689-22-000014
- JSON: https://secwatch.observer/filing/0001760689-22-000014.json
- Plain text: https://secwatch.observer/filing/0001760689-22-000014.txt

## Key facts
- Executive change
  Craig Webster was appointed as Chief Financial Officer at Microvast Holdings, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On April 14, 2022, the Company and Mr. Craig Webster, who currently serves as a member on the Board and Lead Independent Director, agreed that Mr. Webster will join the Company immediately as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760689/000176068922000014/0001760689-22-000014-index.htm
- Executive change
  Yanzhuan (Leon) Zheng resigned as Chief Financial Officer at Microvast Holdings, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: On April 14, 2022, Microvast Holdings, Inc. (the “Company”) and Mr. Yanzhuan (Leon) Zheng, Chief Financial Officer, agreed that, effective immediately, Mr. Zheng would cease to be the Company’s Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1760689/000176068922000014/0001760689-22-000014-index.htm

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