Vision Marine renews CFO employment agreement

Vision Marine Technologies Inc. renewed its executive employment agreement with chief financial officer Raffi Sossoyan, effective March 1, 2026.

Rhea-AI Filing Summary

Vision Marine Technologies Inc. renewed its executive employment agreement with chief financial officer Raffi Sossoyan, effective March 1, 2026. The new agreement runs for two years, ending March 1, 2028, and replaces his prior March 1, 2024 contract.

Under the agreement, Mr. Sossoyan will receive an annual base salary of CA$295,000, plus an annual incentive bonus of up to 25% of base salary based on performance objectives set by the board or its compensation committee. He will continue to participate in the company’s equity compensation plans. The contract includes severance protections if he is terminated without cause or resigns for good reason, along with customary confidentiality, non‑competition, and non‑solicitation covenants. The agreement is filed as Exhibit 10.1 and the information is incorporated by reference into existing Form F‑3 and Form S‑8 registration statements.

FAQ

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What executive change did Vision Marine Technologies (VMAR) report in this Form 6-K?

Vision Marine Technologies renewed the executive employment agreement with its chief financial officer, Raffi Sossoyan, effective March 1, 2026. He agreed to continue serving as CFO under updated terms, replacing his earlier March 1, 2024 agreement with a new two-year contract.

What is the new CFO base salary disclosed by Vision Marine Technologies (VMAR)?

The renewed agreement sets CFO Raffi Sossoyan’s annual base salary at CA$295,000. This salary forms the basis for his cash compensation and is used to calculate his potential annual incentive bonus, which is expressed as a percentage of this base amount in the contract.

How is the CFO bonus at Vision Marine Technologies (VMAR) structured?

The CFO is eligible for an annual incentive bonus of up to 25% of his base salary. Actual bonus amounts depend on performance objectives established by the board of directors or its compensation committee, aligning part of his compensation with defined company performance goals.

What is the term of the renewed CFO employment agreement at Vision Marine Technologies (VMAR)?

The renewed executive employment agreement has a two-year term ending March 1, 2028. It became effective March 1, 2026 and will continue until that end date unless earlier terminated according to the agreement’s conditions, such as termination without cause or resignation for good reason.

Does the Vision Marine Technologies (VMAR) CFO agreement include severance protections?

Yes. The agreement provides severance benefits if the CFO is terminated without cause or resigns for good reason. These protections are paired with customary confidentiality, non‑competition, and non‑solicitation covenants that govern his conduct during and after employment with the company.

Into which registration statements is this Vision Marine Technologies (VMAR) 6-K incorporated?

The information is incorporated by reference into Vision Marine’s Form F-3 registration statements (File Nos. 333-284423 and 333-291917) and its Form S-8 registration statement (File No. 333-264089), linking this executive compensation disclosure to existing securities offerings.

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Accepted by SEC EDGAR 03/03/2026 - 04:05 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File No. 001-39730

VISION MARINE TECHNOLOGIES INC.

(Translation of registrant’s name into English)

730 Boulevard du Curé-Boivin

Boisbriand, Québec, J7G 2A7, Canada

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

Form 20-F x        Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)  ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)  ¨

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

Renewal of Employment Agreement – Chief Financial Officer

On March 1, 2026, Vision Marine Technologies Inc. (the "Company") entered into a renewed executive employment agreement (the "Agreement") with Raffi Sossoyan, the chief financial officer of the Company pursuant to which Mr. Sossoyan agreed to continue to serve as Chief Financial Officer of the Company, effective March 1, 2026. The Agreement supersedes the prior employment agreement between Mr. Sossoyan and the Company dated March 1, 2024.

The Agreement has a two-year term ending March 1, 2028, unless earlier terminated in accordance with its terms. Under the Agreement, Mr. Sossoyan is entitled to an annual base salary of CA$295,000, an annual incentive bonus of up to 25% of his base salary based on performance objectives established by the board of directors of the Company (the “Board”) or the compensation committee of the Board, and participation in the Company's equity compensation plans. The Agreement also provides for certain severance benefits upon termination without cause or resignation for good reason, and contains customary confidentiality, non-competition, and non-solicitation covenants.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

General

The information contained in this Report on Form 6-K is hereby incorporated by reference into our Registration Statement on Form F-3 (File No. 333-284423), Registration Statement on Form F-3 (File No. 333-291917) and Registration Statement on Form S-8 (File No. 333--264089).

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
10.1		Executive Employment Agreement, dated March 1, 2026, between Vision Marine Technologies Inc. and Raffi Sossoyan

SIGNATURE

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.

	VISION MARINE TECHNOLOGIES INC.
Date: March 3, 2026	By:	/s/ Raffi Sossoyan
	Name:	Raffi Sossoyan
	Title:	Chief Financial Officer

Filing Exhibits & Attachments

1 document

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 88.3 KB