Velo3D, Inc.: CFO departs, interim CFO engaged at $32,500 monthly

What happened Velo3D, Inc. reported that James Suva, the chief financial officer and principal financial and accounting officer, separated from employment effective Sep 28, 2026. The board appointed Terence P. Wynn as interim chief financial officer and principal financial and accounting officer, effective Sep 28, 2026. The company entered into an officer services agreement dated Sep 28, 2026 with KongBasileConsulting LLC, under which KongBasileConsulting LLC will furnish Mr. Wynn’s services as a consultant and not as an employee.

Key details

• Mr. Wynn will not receive compensation directly from the company; the company will pay KongBasileConsulting LLC a monthly fee of $32,500, prorated for partial months, plus reimbursement of pre-approved out-of-pocket expenses.
• KongBasileConsulting LLC remains responsible for Mr. Wynn’s wages, withholding, workers’ compensation and employee benefits; Mr. Wynn remains an employee of KongBasileConsulting LLC.
• Termination: the company may terminate the services agreement at any time on written notice; KongBasileConsulting LLC may terminate on not less than sixty days’ prior written notice or for the company’s uncured material breach after ten business days.
• Mr. Wynn, age 70, has prior CFO and finance roles at Business Wire, Silicon Valley Finance Group, Sony Computer Entertainment America and others; he is an inactive CPA in California.

Why it may matter The filing reports Item 5.02 (departure and appointment of officers) and Item 1.01 (entry into a material definitive agreement) describing the CFO separation, the appointment of an interim CFO and the material terms of the officer services agreement.

A filing does not show why the insider traded or why the company acted.