Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On February 3, 2022, Envirotech Vehicles, Inc. (the "Company") announced the
appointment of Christian S. Rodich as the Company's Chief Financial Officer.
Effective upon Mr. Rodich's appointment on February 3, 2022, Ms. Sue Emry will
no longer serve as the Company's interim Chief Financial Officer. However, she
will continue to serve as the Company's Executive Vice President.
The Company entered into an offer letter with Mr. Rodich (the "Rodich
Agreement"), pursuant to which Mr. Rodich will receive an annual base salary of
$160,000, payable in semi-monthly installments consistent with the Company's
payroll practices. Mr. Rodich will also receive stock options to purchase 77,471
shares of the Company's common stock, vesting over five years, subject to his
continued service through the applicable vesting date. Mr. Rodich will also
receive participation in medical insurance, dental insurance, and the Company's
other benefit plans. Under the Rodich Agreement, Mr. Rodich will also receive a
signing/relocation bonus of $20,000.
The foregoing description of the Rodich Agreement does not purport to be
complete and is subject to, and qualified in its entirety by, the full text of
the Rodich Agreement, which is included as Exhibit 10.1 to this report and is
incorporated herein by reference.
Mr. Rodich, 47, has over 20 years of finance and accounting experience in a
variety of industries. From January 2014 through October 2021, Mr. Rodich was
employed by Masterbrand Cabinets, a provider of premier cabinetry, where he
served as the Director of Corporate Accounting and Compliance from January 2014
through May 2015, and from May 2015 through October 2021, he served as the
Senior Director of Commercial (Channel) Finance. From October 2007 through
December 2013, Mr. Rodich was Director of Internal Audit-North America for
Smith & Nephew, a portfolio medical technology business with global operations.
Mr. Rodich has prior experience as an Internal Audit Manager with Mueller
Industries and as a Level-2 System Support with Pfizer. Mr. Rodich is a licensed
CPA in Tennessee, with experience as a Senior Internal Auditor at Thomas &
Betts/Arthur Andersen. Mr. Rodich holds a B.S. in Business Administration as
well as a Master of Accountancy degree from the University of Tennessee.
Mr. Rodich has no family relationships that require disclosure pursuant to Item
401(d) of Regulation S-K and has not been involved in any transactions that
require disclosure pursuant to Item 404(a) of Regulation S-K. There is no
arrangement or understanding between Mr. Rodich and any other person pursuant to
which Mr. Rodich was appointed as the Company's Chief Financial Officer.
On February 3, 2022, the Company issued a press release announcing Mr. Rodich as
its Chief Financial Officer. The press release is attached hereto as Exhibit
99.1. The information included in the press release in Exhibit 99.1 shall not be
deemed to be "filed" for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities of such
section, nor shall such information be deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Exchange Act of
1934, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
10.1 Offer Letter with Christian S. Rodich dated February 3, 2022.
99.1 Press Release dated February 3, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses