secwatch.observer — SEC 8-K summary
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Issuer:     Nuvve Holding Corp. (NVVE)
CIK:        0001836875
Form:       8-K
Filed at:   2025-07-03T23:59:59+00:00
Accession:  0001836875-25-000113
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nuvve subsidiary appoints Ted Smith CEO; $250k base salary, 2.5% equity grants
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- Ted Smith, Nuvve Holding's President/COO, named CEO of Nuvve New Mexico LLC, effective March 18, 2025.
- Initial base salary $250,000, with step-ups to $500,000 upon revenue milestones from $1M to $5M.
- Target annual bonus of 100% of base salary plus discretionary bonus up to $75,000 per year.
- One-time equity awards: 2.5% each of subsidiary's Class A and Class B Units.
- Severance: 12 months base salary (without cause) or 3x base if terminated within 12 months after change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836875/000183687525000113/0001836875-25-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836875/000183687525000113/nvve-20250627.htm
  HTML page:      https://secwatch.observer/filing/0001836875-25-000113

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