Velo3D, Inc. 8-K

What Happened

• Velo3D, Inc. filed a Form 8-K (Apr 7, 2026) reporting the appointment of James Suva as Chief Financial Officer and principal financial and accounting officer, effective April 6, 2026.
• Mr. Suva’s offer letter (effective March 5, 2026) sets an annual base salary of $380,000 and a target bonus for fiscal 2026 equal to 70% of base salary. The Compensation Committee approved a grant of 135,000 restricted stock units (RSUs) with a grant date of April 6, 2026. The RSUs vest 25% on May 15, 2027, then 1/16th on each Quarterly Vest Date (Feb 15, May 15, Aug 15, Nov 15) thereafter. Employment is at-will and the offer contains customary confidentiality and restrictive covenants. A copy of the offer letter is filed as Exhibit 10.1 (redacted in part).

Key Details

• Effective date: April 6, 2026 (appointment); offer letter effective March 5, 2026.
• Base salary: $380,000 per year.
• Bonus target: 70% of base salary for fiscal 2026.
• Equity grant: 135,000 RSUs; 25% vest on May 15, 2027, then 1/16th each quarter thereafter.

Why It Matters

• A new CFO affects who oversees Velo3D’s financial reporting, controls and investor communications—important for financial transparency and execution.
• Compensation details show how the company intends to align and retain the new CFO (significant equity grant and multi-stage vesting), which has potential future dilution implications for shareholders.
• The at‑will arrangement and customary restrictive covenants are standard; the filing does not disclose any departing officer in this 8-K.