Business context and reporting period
Velo3D, Inc. filed this Form 8-K for an event dated September 28, 2026; the report was signed October 2, 2026. The filing reports a change in the company’s finance leadership and an associated officer services agreement. It does not report results for a financial reporting period.
Financial information
The filing provides no revenue, profit, cash flow, margin, debt, liquidity, or other operating-performance figures. It contains no financial guidance or outlook.
Material changes and agreement terms
- James Suva separated from his roles as Chief Financial Officer and principal financial and accounting officer effective September 28, 2026. The company states his departure was not due to disagreement regarding its operations, policies, or practices.
- The board appointed Terence P. Wynn as Interim CFO and principal financial and accounting officer, effective the same date. Wynn serves as a consultant through KongBasileConsulting LLC (KBC), not as a company employee.
- Velo3D will pay KBC $32,500 per month, prorated for partial months and subject to adjustment in certain circumstances, plus reimbursement of pre-approved out-of-pocket expenses. Wynn receives no compensation directly from Velo3D.
- The agreement continues until terminated. Velo3D may terminate on written notice; KBC generally must provide at least 60 days’ notice. The board may remove Wynn at any time, and the agreement automatically ends when he ceases to serve as an officer.
Management commentary, risks, and unusual items
The filing gives no business outlook or discussion of operating risks. It describes indemnification and liability provisions in the services agreement, including specified limits and exceptions. KBC also provides Velo3D with accounting, financial reporting, and related consulting services under a separate agreement dating from January 25, 2021.
Important facts for investors to verify
- Whether Velo3D appoints a permanent CFO and how the transition affects financial reporting and internal controls.
- The full terms of the Officer Services Agreement, including fee adjustments, indemnification, and liability provisions, in Exhibit 10.1.
- The total cost of KBC’s services, considering both the new officer services agreement and the separate existing engagement agreement.