Twin Vee PowerCats (NASDAQ: VEEE) consolidates leadership roles and details related-party lease

Rhea-AI Filing Summary

Twin Vee PowerCats Co. reported a leadership change in its finance role. On January 9, 2026, the Board appointed Joseph Visconti as Interim Chief Financial Officer, effective immediately, following the termination of Interim CFO Scott Searles, who had served since September 2025. Visconti now holds multiple top positions, serving as Chief Executive Officer, Interim Chief Financial Officer, President, Chairman of the Board, and acting as the company’s principal executive, financial, and accounting officer.

The company also highlighted an existing related-party lease. Under a lease agreement with Visconti Holdings, LLC, an entity owned and controlled by Visconti, the lease term was converted on December 30, 2025 to a month-to-month tenancy while the parties negotiate a new agreement. During this period, the company pays Visconti Holdings, LLC $36,456 per month plus applicable sales and use tax of 6.5% in St. Lucie County.

Insights

Corporate governance and disclosure analyst

Twin Vee consolidates key executive roles and discloses a related-party lease.

The company has appointed Joseph Visconti as Interim Chief Financial Officer as of January 9, 2026, after the departure of Interim CFO Scott Searles. Visconti now simultaneously serves as CEO, Interim CFO, President and Chairman, and is designated as principal executive, financial and accounting officer. This concentrates decision-making and financial oversight in a single individual, which can simplify coordination but reduces segregation of duties.

The disclosure also describes a related-party lease with Visconti Holdings, LLC, an entity owned and controlled by Visconti. The lease, originally dated January 1, 2021, was amended on December 30, 2025 to a month-to-month arrangement while a new lease is negotiated. During this period the company pays $36,456 per month plus 6.5% sales and use tax in St. Lucie County. This structure is typical of related-party arrangements that boards monitor through independent directors and committee oversight.

Future filings may further describe any new long-term lease that replaces the month-to-month tenancy, including any changes to rental amounts or terms after December 31, 2025.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

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.

Understanding 8-K Material Events →

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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): January 9, 2026

Twin Vee PowerCats Co.

(Exact name of registrant as specified in its charter)

Delaware		001-40623		27-1417610
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

3101 S. US-1

Ft. Pierce, Florida 34982

(Address of principal executive offices)

(772) 429-2525

(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 (see General Instruction A.2. below):

☐	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
Common stock, par value $0.001 per share		VEEE		The Nasdaq Stock Market LLC (The Nasdaq Capital Market)

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 January 9, 2026, the Board of Directors (the “Board”) of Twin Vee PowerCats Co. (the “Company”), upon recommendation of the Compensation Committee of the Board (the “Compensation Committee”), appointed Joseph Visconti to serve as Interim Chief Financial Officer of the Company, effective immediately. Mr. Visconti succeeds Interim Chief Financial Officer Scott Searles, who was appointed in September 2025 and whose employment with the Company terminated effective as of January 9, 2026. Mr. Visconti will now serve as the Company’s Chief Executive Officer, Interim Chief Financial Officer, President and Chairman of the Board and will act as the Company’s principal executive officer, principal financial officer and principal accounting officer.

Mr. Visconti, 61, has been the Company’s Chief Executive Officer and Chairman of the Board since 2015. Mr. Visconti served as President from 2015 to 2024 and was recently reappointed President in January 2025. With over 25 years of executive level operational and financial experience, Mr. Visconti was the founder, CEO and President of two previous companies; the first company was a regional Investment Bank that he built to over 400 employees and sold in 2000. The second company was ValueRich, a financial media company that was taken public on the American Stock Exchange in 2007. ValueRich transitioned from media related business to Twin Vee PowerCats, Inc. in 2015. Mr. Visconti has experience building teams of professionals with a focus on product development and bringing those products to market. Mr. Visconti received his Associate’s degree from Lynn University in 1984.

As previously disclosed, the Company is party to a lease agreement (the “Lease Agreement”), dated January 1, 2021, by and among the Company, Visconti Holdings, LLC, an entity owned and controlled by Mr. Visconti, and Twin Vee Inc., the Company’s former majority shareholder company. The Lease Agreement has a 5-year term, expiring on December 31, 2025, with an option to renew. The Lease Agreement was amended on December 30, 2025 and was converted to a month-to-month tenancy while the parties negotiate a subsequent lease agreement. During the month-to-month tenancy, the Company currently pays Visconti Holdings, LLC $36,456 per month plus applicable sales and use tax, which is currently 6.5% in St. Lucie County.

There are no family relationships between Mr. Visconti and any of the Company’s directors or executive officers. Other than as described above with regard to the Lease Agreement, Mr. Visconti does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Other than as described above, there were no arrangements or understandings by which Mr. Visconti was appointed as Interim Chief Financial Officer.

SIGNATURES

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

Date: January 9, 2026	TWIN VEE POWERCATS CO. (Registrant)
	By:	/s/ Joseph Visconti
	Name:	Joseph Visconti
	Title:	Chief Executive Officer, Interim Chief Financial Officer and President

FAQ

What executive change did Twin Vee PowerCats Co. (VEEE) report on January 9, 2026?

Twin Vee PowerCats Co. reported that on January 9, 2026, its Board appointed Joseph Visconti as Interim Chief Financial Officer, effective immediately, following the termination of Interim CFO Scott Searles.

What roles does Joseph Visconti currently hold at Twin Vee PowerCats Co. (VEEE)?

Joseph Visconti now serves as the company’s Chief Executive Officer, Interim Chief Financial Officer, President, and Chairman of the Board, and acts as the principal executive, financial, and accounting officer.

Who is Scott Searles and what happened to his position at Twin Vee PowerCats Co.?

Scott Searles was appointed Interim Chief Financial Officer in September 2025. His employment with the company terminated effective as of January 9, 2026, when Joseph Visconti was appointed Interim CFO.

What related-party lease arrangement involving Joseph Visconti does Twin Vee PowerCats Co. disclose?

The company is party to a lease agreement dated January 1, 2021 with Visconti Holdings, LLC, an entity owned and controlled by Joseph Visconti, and Twin Vee Inc. The lease was amended on December 30, 2025 and converted to a month-to-month tenancy while the parties negotiate a subsequent lease.

How much does Twin Vee PowerCats Co. pay monthly under the related-party lease with Visconti Holdings, LLC?

During the month-to-month tenancy, the company pays Visconti Holdings, LLC $36,456 per month plus applicable sales and use tax, which is currently 6.5% in St. Lucie County.

Does Twin Vee PowerCats Co. report any family relationships or other material interests related to Joseph Visconti?

The company states there are no family relationships between Joseph Visconti and any directors or executive officers. Other than the described lease agreement, it states that Visconti has no other direct or indirect material interest in transactions requiring disclosure under Item 404(a) of Regulation S-K.