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BCS

Current Report · Items 5.02, 9.01 · 8-K

Twin Vee PowerCats Co.

VEEENASDAQEQUITYCurrent

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

Item 5.02. Compensatory Arrangements of Certain Officers. On August 21, 2026, the Compensation Committee of the Board of Directors (the “Committee”) of Twin Vee PowerCats Co. (“Company”) revised the base salary of Joseph Visconti, the Company’s Chief Executive Officer and President, to $250,000. Additionally, Mr.…

Filed Aug 24, 2026Accepted Aug 24, 2026, 4:06 PM EDTCIK 1855509Accession 0001731122-26-001129
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Company context

Twin Vee PowerCats Co. (“Twin Vee” “we”, “us” or the “Company”) is a designer, manufacturer and marketer of recreational and commercial power boats. We believe our company, founded in 1996, has been an innovator in the recreational and commercial power catamaran industry. Our twin-hull catamaran running surface, known as a symmetrical catamaran hull design, adds to the Twin Vee ride quality by reducing drag, increasing fuel efficiency and offering users a stable riding boat. Twin Vee’s home base of operations in Fort Pierce, Florida is a 7.5-acre facility with several buildings totaling approximately 100,000 square feet, including a nearly complete 30,000 square foot expansion which began in mid-2024. We currently employ approximately 70 people.

Current securities

Recent company filings

  1. 425 filingOct 8, 2026
  2. Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD DisclosureOct 8, 2026
  3. Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Submission of Matters to a Vote of Security HoldersSep 9, 2026
  4. DEF 14A filingAug 17, 2026
  5. 10-Q filingAug 6, 2026

Disclosure sections

Items 5.02, 9.01

Select an item to read the extracted section. The as-filed document remains the primary evidence.

Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Compensatory Arrangements of Certain Officers. On August 21, 2026, the Compensation Committee of the Board of Directors (the “Committee”) of Twin Vee PowerCats Co. (“Company”) revised the base salary of Joseph Visconti, the Company’s Chief Executive Officer and President, to $250,000. Additionally, Mr. Visconti shall be eligible to receive a bonus payment of $150,000 related to the successful completion and closing of the Agreement and Plan of Merger with USFM Corporation dated July 12, 2026 (“Merger Agreement”). In the event the Merger Agreement is successful and closes, the Company shall pay this bonus within ten (10) days of closing.

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