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

Rhea-AI Filing Summary

Microvast Holdings, Inc. (NASDAQ: MVST) filed a Form 8-K reporting a leadership change under Item 5.02.

• Effective 29 July 2025, Carl T. (“Pat”) Schultz ceased to serve as Chief Financial Officer.
• The company did not disclose the reason for his departure, any severance terms, nor name an interim or permanent successor.
• No other material events, financial results, transactions or exhibits were included beyond the customary Inline XBRL cover page.

The sudden exit of the CFO increases near-term governance and reporting risk until a replacement is appointed, potentially affecting investor confidence and the company’s capital-markets communication.

Positive

• None.

Negative

• CFO Carl T. Schultz departed without a named successor, introducing uncertainty around financial leadership and potential delays in reporting.

Insights

Corporate Governance Expert

TL;DR: Unplanned CFO departure heightens governance and reporting risk; impact depends on speed of replacement and disclosure clarity.

The unexpected resignation of Carl T. Schultz removes Microvast’s top financial steward at a critical time when lithium-ion battery makers face margin pressure and heightened disclosure demands. Lack of explanation or successor suggests the separation was unplanned, raising questions on internal controls, audit timelines and strategic financing plans. Investors will watch for 1) appointment of an interim CFO, 2) confirmation of no disagreements on accounting matters, and 3) maintenance of SEC reporting schedules. Until addressed, the event is modestly negative for valuation multiples and could elevate borrowing costs.

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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): July 29, 2025

Microvast Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-38826		83-2530757
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS. Employer Identification No.)

12603 Southwest Freeway, Suite 300

Stafford, Texas 77477

(Address of principal executive offices, including zip code)

281-491-9505

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing 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))

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. ☐

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

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, par value $0.0001 per share		MVST		The NASDAQ Stock Market LLC
Redeemable warrants, exercisable for shares of common stock at an exercise price of $11.50 per share		MVSTW		The NASDAQ Stock Market LLC

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

On July 29, 2025, Carl T. (Pat) Schultz ceased to be employed as Chief Financial Officer of Microvast Holdings, Inc.

Item 9.01 Financial Statement and Exhibits

(d) Exhibits

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

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.

Date: August 1, 2025	MICROVAST HOLDINGS, INC.
	By:	/s/ Wu Yang
	Name:	Wu Yang
	Title:	Chief Executive Officer

FAQ

When did Microvast's CFO leave the company?

According to the Form 8-K, Carl T. Schultz ceased to be CFO on July 29 2025.

Did Microvast (MVST) name a new CFO in the filing?

No. The 8-K does not identify an interim or permanent successor to the departing CFO.

Were reasons for Carl T. Schultz's departure disclosed?

The filing does not provide any explanation or severance details regarding his departure.

Does the 8-K include any financial results or guidance changes?

No. The document only addresses the CFO departure and contains no financial metrics or updated guidance.

What risks does a sudden CFO exit pose to Microvast investors?

It may affect financial reporting timelines, internal controls and market confidence until a qualified replacement is secured.