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  4. [8-K] Abpro Holdings, Inc. Reports Material Event

Abpro CEO Suk resigns; Karatas named interim chief

Abpro Holdings, Inc. (ABPO) announced that Chief Executive Officer Miles Suk voluntarily resigned from the CEO role effective August 19, 2026, while remaining on the Board of Directors.

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Abpro Holdings, Inc. (ABPO) announced that Chief Executive Officer Miles Suk voluntarily resigned from the CEO role effective August 19, 2026, while remaining on the Board of Directors. The Board appointed M. Fatih Karatas, 47, as Interim Chief Executive Officer, effective August 25, 2026. The company states Mr. Suk’s resignation was not due to any disagreement regarding operations, policies, or practices.

Mr. Karatas brings over 20 years of experience in global finance and investment management, including leadership roles at AIS Advisors, SAASPASS, QInvest, and UBS AG overseeing portfolios exceeding $130 billion. He will serve as interim CEO without compensation for three months, after which a compensation arrangement may be considered. In connection with his resignation as CEO, Mr. Suk’s consulting agreement was terminated, and he is entitled to continued pro-rata payments of his $300,000 annual consulting fee for 60 days, totaling approximately $50,000.

Positive

  • None.

Negative

  • CEO resignation: Chief Executive Officer Miles Suk resigned effective August 19, 2026, creating near-term leadership transition risk despite his continued service on the Board.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Warrant exercise price $114.90 per share Each whole warrant exercisable for one share of Common Stock at this price
Consulting fee for former CEO $300,000 per year Annual consulting fee payable to Miles Suk before termination of his consulting agreement
Post-termination consulting payments Approximately $50,000 Total pro-rata payments over 60 days beginning August 19, 2026, after termination of consulting agreement
Assets overseen at UBS AG Over $130 billion Assets for which M. Fatih Karatas oversaw portfolio management in prior role at UBS AG
Assets raised by Interim CEO Over $15 billion Assets under management reportedly raised by M. Fatih Karatas over his career
Investor profits generated More than $20 billion Investor profits attributed to M. Fatih Karatas’s prior work
Interim Chief Executive Officer financial
"appointed Mr. M. Fatih Karatas, 47, to serve as Interim Chief Executive Officer"
An interim chief executive officer is a temporary leader appointed to run a company while the board searches for a permanent CEO or manages an unexpected departure. Investors pay attention because this person shapes near-term strategy, stability and market confidence—like a substitute driver steering the car until the regular driver returns—and their actions and credibility can influence share price, hiring and major deals.
OTC Pink Ltd. tier market
"Delisted from Nasdaq; trading on OTC Pink Ltd. tier as of February 23, 2026"
Regulation S-K regulatory
"related-party transactions requiring disclosure pursuant to Item 404(a) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
Inline XBRL technical
"Cover Page Interactive Data File (embedded within the Inline XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

FAQ

What leadership change did Abpro Holdings, Inc. (ABPO) announce?
Abpro Holdings, Inc. disclosed that Chief Executive Officer Miles Suk voluntarily resigned from the CEO position effective August 19, 2026, and will continue serving as a member of the Board of Directors.

Who is the new Interim CEO of Abpro Holdings, Inc. (ABPO)?
The Board appointed M. Fatih Karatas, age 47, as Interim Chief Executive Officer effective August 25, 2026. He has more than 20 years of experience in global finance, investment management, and technology-focused businesses.

Will the new Interim CEO of ABPO receive compensation?
Mr. M. Fatih Karatas will serve as Interim Chief Executive Officer without compensation for three months. After this period, a compensatory arrangement may be reached, if any.

What severance or payments is former CEO Miles Suk receiving from ABPO?
In connection with terminating his consulting agreement, Miles Suk will receive continued pro-rata payments of his $300,000 annual consulting fee for 60 days beginning August 19, 2026, totaling approximately $50,000.

Did Abpro Holdings, Inc. report any disagreements with the departing CEO?
The company stated that Mr. Suk’s resignation was not the result of any disagreement with Abpro Holdings, Inc. on matters relating to its operations, policies, or practices.

On which market are ABPO securities currently trading?
Shares of common stock and warrants of Abpro Holdings, Inc. are described as being delisted from Nasdaq and trading on the OTC Pink Ltd. tier as of February 23, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 19, 2026

 

Abpro Holdings, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-41224   87-1013956
(State or other jurisdiction
of incorporation) 		  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

100 Summit Drive
Burlington, MA		   01803
(Address of principal executive offices)   (Zip Code)

 

339-227-5961

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Shares of Common Stock, par value $0.0001 per share   ABP   Delisted from Nasdaq; trading on OTC Pink Ltd. tier as of February 23, 2026
Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $114.90   ABPWW   Delisted from Nasdaq; trading on OTC Pink Ltd. tier as of February 23, 2026

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On August 19, 2026, Miles Suk provided notice of his voluntary resignation from his position as the Chief Executive Officer to the Board of Directors of Abpro Holdings, Inc. (the “Company”), effective on such date.

 

Mr. Suk’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Mr. Suk will continue to serve as a member of the Company’s Board of Directors following his resignation as Chief Executive Officer.

 

The Board of Directors has appointed Mr. M. Fatih Karatas, 47, to serve as Interim Chief Executive Officer of the Company, effective August 25, 2026. Mr. Karatas is a seasoned executive financial leader with over 20 years of experience in global finance, investment management, and technology sectors. He currently serves as Managing Director at AIS Advisors in San Francisco, where he directs investments in technology and industrial companies and provides strategic financial guidance to institutional clients. Prior to his current role, Mr. Karatas was Founder, CFO/COO of SAASPASS, an enterprise SaaS platform, where he led financial operations, product management, and capital raising strategies. Previously, Mr. Karatas served as Head of Wealth Management at QInvest in Doha, Qatar, where he launched and managed the Wealth Management division, established operational and regulatory infrastructure, and structured investment offerings for institutional and high-net-worth clients. He also held leadership positions at UBS AG in Zurich, Switzerland, including Global Head of Commodities and Hedge Fund Investment Committee Voting Member, overseeing portfolio management for specialized funds and directing global allocation strategies for assets exceeding $130 billion. Mr. Karatas has extensive experience in P&L management, capital raising, M&A due diligence, governance, and compliance, having raised over $15 billion in assets under management and generated more than $20 billion in investor profits. He has built and scaled multiple business units, implemented advanced analytics frameworks, and established performance management systems that significantly improved productivity.

 

Mr. Karatas holds a Dual MBA & MA in Big Data and Business Intelligence from Universidad Isabel I, an Executive Leadership Development certificate from UBS Leadership Institute, and a BA in Economics from Wesleyan University. He is recognized for his expertise in portfolio management, governance, investment and capital markets, strategic finance, and technology-driven business models.

 

There are no arrangements or understandings between Mr. Karatas and any other person pursuant to which Mr. Karatas was appointed as Interim Chief Executive Officer (“CEO”). There are no family relationships between Mr. Karatas and any director or executive officer of the Company, and there are no related-party transactions requiring disclosure pursuant to Item 404(a) of Regulation S-K. Mr. Karatas will be serving as Interim Chief Executive Officer without compensation relating to the interim CEO position for a period of three months, after which time a compensatory arrangement may be reached, if any.

 

In connection with Mr. Suk’s resignation as Chief Executive Officer, the Company terminated Mr. Suk’s consulting agreement with the Company. Mr. Suk is entitled to continued payment of his $300,000 annual consulting fee by the Company for 60 days after such termination on a pro-rata basis. As a result, the Company will be obligated to pay Mr. Suk approximately $50,000 in compensatory payments during the 60-day period beginning August 19, 2026. Except for standard directors’ fees for so long as he remains a director of the Company, the Company has no other compensatory obligations to Mr. Suk.

 

1

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

2

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

ABPRO HOLDINGS, INC.

 

By: /s/ Fatih Karatas   
Name:

Fatih Karatas

  
Title: Interim Chief Executive Officer  
     
Date:  August 25, 2026  

 

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Source: View Original Filing on SEC EDGAR

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