false
0001855509
0001855509
2026-05-17
2026-05-17
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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):
May 17, 2026
Twin
Vee PowerCats Co.
(Exact name of registrant as specified
in its charter)
| Nevada |
|
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 May 17, 2026, Twin Vee
PowerCats Co. (the “Company”) delivered a notice of non-renewal (the “Notice”) pursuant to the terms of the Employment
Agreement, effective as of July 23, 2021, with Joseph Visconti (the “Employment Agreement”). The Notice shall be treated as
a non-renewal of the Employment Agreement beyond the Initial Term (as defined in the Employment Agreement), which will remain in full
force and effect through the expiration of the Initial Term on July 23, 2026 in accordance with its full terms and conditions. The
non-renewal was not due to any disagreement between Mr. Visconti and the Company on any matter.
Following July 23, 2026,
Mr. Visconti will continue to serve as the Company’s Chief Executive Officer, Interim Chief Financial Officer and President on an
at-will basis.
The foregoing summary of
the Employment Agreement does not purport to be complete and is subject to and qualified in its entirety by reference to the full text
of the Employment Agreement, a copy of which was filed as Exhibit 10.7 to the Company’s Registration Statement on Form S-1/A (File
No. 333-255134), filed with the Securities and Exchange Commission on June 17, 2021.
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: May 20, 2026 |
TWIN VEE POWERCATS CO. |
| |
|
| |
By: |
/s/ Joseph Visconti |
| |
Name: |
Joseph Visconti |
| |
Title: |
Chief Executive Officer, Interim Chief Financial Officer and President |
