VEEE 8-K: CFO Mike Dickerson Resigns; No Stated Disagreements

Rhea-AI Filing Summary

Twin Vee PowerCats Co. (Nasdaq: VEEE) has filed a Form 8-K disclosing the resignation of Chief Financial Officer Mike Dickerson. The company states that Mr. Dickerson notified the board on 17 June 2025 of his intention to step down, with the resignation to become effective 14 September 2025. The filing explicitly affirms that Mr. Dickerson reported no disagreements with the company regarding its operations, policies, or practices. No successor or interim CFO has yet been named, and there are no accompanying changes to compensation or other executive arrangements disclosed in this report.

The event qualifies under Item 5.02 of the Exchange Act and represents a notable change in the company’s senior leadership. While the orderly three-month notice period allows time for recruitment and transition, investors typically view unexpected C-suite departures—particularly in the finance function—as a potential risk factor given the critical role in financial reporting, capital allocation, and investor relations.

Positive

• Advance notice period of nearly three months allows for a structured CFO succession process.
• No stated disagreements reduce the likelihood of accounting or governance disputes.

Negative

• Unexpected CFO resignation introduces leadership uncertainty and potential execution risk.
• No successor named, leaving an interim leadership gap that may concern investors.

Insights

Corporate Governance Expert

TL;DR: CFO resignation is a governance red flag but mitigated by advance notice and stated absence of disagreements.

Leadership continuity is central to governance stability. A CFO departure often signals strategic or operational friction, but the company’s statement that Mr. Dickerson has “no disagreement” limits speculation about internal issues. The three-month runway before the effective date affords reasonable time for an orderly hand-off, reducing short-term disruption risk. Nonetheless, until a qualified replacement is identified, the board faces heightened scrutiny from investors and regulators over financial controls. I classify the net impact as moderately negative because uncertainty around the future finance leader can weigh on market confidence.

Sell-Side Financial Analyst

TL;DR: Event is mildly negative; near-term EPS unaffected but raises execution risk during strategic initiatives.

Twin Vee is still scaling production of its power-catamaran lineup, and capital requirements remain elevated. The sudden loss of institutional knowledge from the CFO could complicate financing plans or cost-reduction initiatives, particularly if a successor lacks marine-industry experience. Lack of disagreement language suggests no immediate accounting concern, so I do not expect restatements or missed filings. However, investors may apply a modest risk discount until a new CFO with credible public-company experience is appointed. I therefore assign a negative impact score, though I do not adjust earnings estimates at this stage.

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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): June 18, 2025

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 (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 June 17, 2025, Mike Dickerson, the Chief Financial Officer of Twin Vee PowerCats Co. (the “Company”), notified the Company of his decision to resign, effective September 14, 2025, from his position as the Company’s Chief Financial Officer. Mr. Dickerson did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies or practices.

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: June 20, 2025	TWIN VEE POWERCATS CO. (Registrant)
	By:	/s/ Joseph Visconti
	Name:	Joseph Visconti
	Title:	Chief Executive Officer and President

FAQ

Why did Twin Vee PowerCats' CFO resign?

The filing states Mike Dickerson voluntarily resigned effective 14 September 2025 and cited no disagreements with the company.

When will the CFO resignation take effect for VEEE?

Mike Dickerson’s resignation becomes effective on September 14, 2025.

Has Twin Vee named a new CFO to replace Mike Dickerson?

No successor or interim CFO was identified in this Form 8-K.

Does the resignation impact Twin Vee’s financial statements or controls?

The company reported no disagreements, suggesting no immediate impact on published financials or controls.

Is Twin Vee PowerCats still classified as an emerging growth company?

The 8-K indicates the company is not electing emerging growth company status.