Does Derek Liu have any related-party relationships with Microvast (MVST)?

The company states there are no arrangements or understandings with other persons relating to his appointment, no family relationships with directors or executives, and no transactions involving him that require disclosure under Item 404(a) of Regulation S-K.

Microvast appoints Derek Liu Chief Accounting Officer

Q: Who was appointed Chief Accounting Officer at Microvast (MVST) and when will he start?

Microvast appointed Derek Liu as Chief Accounting Officer under an offer dated August 6, 2026. He is expected to commence employment on or about August 7, 2026, assuming standard onboarding and acceptance steps are completed.

Q: What is Derek Liu’s compensation package as CAO of Microvast (MVST)?

Derek Liu’s package includes an annual base salary of $350,000 and a target annual bonus equal to 50% of base salary, subject to individual and company performance. He is also eligible for the long-term incentive plan, employee benefits and paid time off.

Q: What prior experience does Derek Liu bring to Microvast (MVST)?

Derek Liu previously served as Chief Financial Officer at Silvercorp Metals Inc. from 2015 to 2025, and as CFO at Canickel Mining Limited from 2011 to 2014. He also held a Controller role at Silvercorp from 2006 to 2010 and has multiple business and accounting degrees.

Q: What is Derek Liu’s educational background relevant to his CAO role at Microvast (MVST)?

Derek Liu holds a Master of Business Administration from Laurentian University, a Bachelor of Economics from Shenzhen University, and a Diploma of Technology in Financial Management, Advanced Accounting from the British Columbia Institute of Technology, supporting his senior accounting role.

Microvast Holdings, Inc. appointed Derek Liu as Chief Accounting Officer under an offer of employment dated August 6, 2026.

Accepted by SEC EDGAR 08/07/2026 - 05:18 PM EDT

Filing Impact

(Moderate)

Filing Sentiment

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Form Type

8-K

Rhea-AI Filing Summary

Microvast Holdings, Inc. appointed Derek Liu as Chief Accounting Officer under an offer of employment dated August 6, 2026. He is expected to begin on or about August 7, 2026. Liu, age 56, previously served as Chief Financial Officer of Silvercorp Metals Inc. from 2015 to 2025 and of Canickel Mining Limited from 2011 to 2014, and holds advanced business and accounting credentials from institutions in Canada and China.

Under the CAO Offer Letter, Liu will receive an annual base salary of $350,000, a target annual bonus equal to 50% of base salary based on individual and company performance, and eligibility for the company’s long-term incentive plan, employee benefits and paid time off. The company states there are no appointing arrangements, family relationships or related-party transactions involving Liu that require disclosure.

8-K Event Classification

2 items: 5.02, 9.01

2 items

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.

Key Figures

Annual base salary: $350,000 Target annual bonus: 50% of annual base salary Expected employment start date: August 7, 2026 +2 more

5 metrics

Annual base salary $350,000 Compensation for Derek Liu as Chief Accounting Officer under the CAO Offer Letter

Target annual bonus 50% of annual base salary Performance-based bonus opportunity for Derek Liu as CAO

Expected employment start date August 7, 2026 Date Derek Liu is expected to commence employment with Microvast

Offer letter date August 6, 2026 Date of the CAO Offer Letter between Microvast and Derek Liu

Age of appointee 56 years Age of Derek Liu at the time of his appointment as CAO

Key Terms

Chief Accounting Officer, long-term incentive plan, Regulation S-K, Inline XBRL

4 terms

Chief Accounting Officer financial

"Mr. Liu will serve as the Company’s Chief Accounting Officer"

A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.

long-term incentive plan financial

"he will be eligible to participate in the Company’s long-term incentive plan"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

Regulation S-K regulatory

"any transaction required to be disclosed 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who was appointed Chief Accounting Officer at Microvast (MVST) and when will he start?

Microvast appointed Derek Liu as Chief Accounting Officer under an offer dated August 6, 2026. He is expected to commence employment on or about August 7, 2026, assuming standard onboarding and acceptance steps are completed.

What is Derek Liu’s compensation package as CAO of Microvast (MVST)?

Derek Liu’s package includes an annual base salary of $350,000 and a target annual bonus equal to 50% of base salary, subject to individual and company performance. He is also eligible for the long-term incentive plan, employee benefits and paid time off.

What prior experience does Derek Liu bring to Microvast (MVST)?

Derek Liu previously served as Chief Financial Officer at Silvercorp Metals Inc. from 2015 to 2025, and as CFO at Canickel Mining Limited from 2011 to 2014. He also held a Controller role at Silvercorp from 2006 to 2010 and has multiple business and accounting degrees.

Is Derek Liu eligible for incentives and benefits at Microvast (MVST)?

Yes. Under the CAO Offer Letter, Derek Liu is eligible to participate in Microvast’s long-term incentive plan, as well as its employee benefits and paid time off policies, in addition to his base salary and performance-based annual bonus opportunity.

What is Derek Liu’s educational background relevant to his CAO role at Microvast (MVST)?

Derek Liu holds a Master of Business Administration from Laurentian University, a Bachelor of Economics from Shenzhen University, and a Diploma of Technology in Financial Management, Advanced Accounting from the British Columbia Institute of Technology, supporting his senior accounting role.

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 7, 2026

_______________________

Microvast Holdings, Inc.

(Exact name of Registrant as Specified in Its Charter)

_______________________

Delaware
(State or Other Jurisdiction
of Incorporation)

001-38826

(Commission File number)

83-2530757
(IRS Employer
Identification No.)

2929 Briarpark Drive, Suite 400
Houston, Texas 77042
(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 exchange on which registered
Common stock, par value $0.0001 per share		MVST		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.

Appointment of New Chief Accounting Officer

On August 6, 2026, the Company entered into an offer of employment with Derek Liu, pursuant to which Mr. Liu will serve as the Company’s Chief Accounting Officer (the “CAO Offer Letter”). Mr. Liu is expected to commence employment with the Company on or about August 7, 2026.

Mr. Liu, age 56, previously served as Chief Financial Officer at Silvercorp Metals Inc. from 2015 to 2025. In addition, during his time as Chief Financial Officer at Silvercorp Metals Inc, Mr. Liu served as Controller from 2006 to 2010. Mr. Liu also served as Chief Financial Officer at Canickel Mining Limited from 2011 to 2014. Mr. Liu holds a Master of Business Administration from Laurentian University, a Bachelor of Economics from Shenzhen University and a Diploma of Technology in Financial Management, Advanced Accounting from the British Columbia Institute of Technology.

Pursuant to the CAO Offer Letter, Mr. Liu’s annual base salary will be $350,000, his target annual bonus opportunity will be 50% of his annual base salary, subject to achievement of individual and Company performance measures, and he will be eligible to participate in the Company’s long-term incentive plan, employee benefits, and paid time off policies.

There are no arrangements or understandings between Mr. Liu and any other person pursuant to which Mr. Liu was appointed as Chief Accounting Officer of the Company. There are no family relationships between Mr. Liu and any director or executive officer of the Company, and he has no interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The above description of the CAO Offer Letter is a summary and is qualified in its entirety by the full text of the CAO Offer Letter, a copy of which is attached hereto as Exhibit 10.1 and incorporated by reference into this Item 5.02.

Item 9.01 Financial Statement and Exhibits

(d) Exhibits

Exhibit No.		Description
10.1		Offer Letter, dated as of August 6, 2026, by and between Microvast Holdings, Inc. and Derek Liu.
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 thereunto duly authorized.

	MICROVAST HOLDINGS, INC.

Date: August 7, 2026	By:	/s/ Yang Wu
		Name: Yang Wu
		Title: Chief Executive Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

EX-10.1 OFFER LETTER 26.8 KB