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[8-K] Microvast Holdings, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Microvast Holdings appointed Rodney Worthen as Interim Chief Financial Officer, effective immediately. He will continue to serve as the companys Vice President of Corporate Strategy while assuming the interim CFO responsibilities. Mr. Worthen, age 34, joined Microvast in June 2023 and has held roles including Director of Investor Relations and FP&A, Vice President of Corporate Finance, and Head of FP&A and Investor Relations.

Before joining Microvast he served as Director of Finance at Killam Holdings Company and held M&A, FP&A and engineering roles at private and publicly listed energy companies. His academic credentials include a B.S. in Mechanical Engineering, an M.S. in Engineering, an M.S. in Finance and an MBA. The filing states there are no arrangements or family relationships related to the appointment and includes Exhibit 104 (Inline XBRL cover page data).

Microvast Holdings ha nominato Rodney Worthen Chief Financial Officer ad interim, con effetto immediato. Continuerà a ricoprire la carica di Vicepresidente della strategia aziendale della società mentre assumerà le responsabilità di CFO ad interim. Il sig. Worthen, 34 anni, è entrato in Microvast a giugno 2023 e ha ricoperto incarichi quali Direttore delle Relazioni con gli Investitori e FP&A, Vicepresidente della Finanza Aziendale e Responsabile FP&A e Relazioni con gli Investitori.

Prima di unirsi a Microvast è stato Director of Finance presso Killam Holdings Company e ha svolto ruoli in M&A (fusioni e acquisizioni), FP&A e ingegneria presso società energetiche private e quotate. I suoi titoli accademici comprendono una B.S. in Ingegneria Meccanica, una M.S. in Ingegneria, una M.S. in Finanza e un MBA. Il documento depositato dichiara che non esistono accordi né rapporti di parentela collegati alla nomina e include l'Exhibit 104 (dati della copertina Inline XBRL).

Microvast Holdings nombró a Rodney Worthen Director Financiero interino, con efecto inmediato. Mantendrá su puesto como Vicepresidente de Estrategia Corporativa de la compañía mientras asume las responsabilidades de CFO interino. El Sr. Worthen, de 34 años, se incorporó a Microvast en junio de 2023 y ha desempeñado cargos como Director de Relaciones con Inversores y FP&A, Vicepresidente de Finanzas Corporativas y Jefe de FP&A y Relaciones con Inversores.

Antes de unirse a Microvast fue Director de Finanzas en Killam Holdings Company y ocupó puestos en M&A (fusiones y adquisiciones), FP&A e ingeniería en empresas energéticas privadas y cotizadas. Sus credenciales académicas incluyen una B.S. en Ingeniería Mecánica, una M.S. en Ingeniería, una M.S. en Finanzas y un MBA. La presentación indica que no existen acuerdos ni relaciones familiares relacionados con el nombramiento e incluye el Exhibit 104 (datos de la portada Inline XBRL).

Microvast Holdings는 Rodney Worthen을 즉시 발령으로 임시 최고재무책임자(CFO)로 임명했습니다. 그는 임시 CFO 직무를 수행하는 동안에도 회사의 기업전략 부문 부사장(Vice President of Corporate Strategy) 직을 계속 유지할 예정입니다. Worthen 씨(34세)는 2023년 6월 Microvast에 합류했으며 Investor Relations 및 FP&A 책임자(Director of Investor Relations and FP&A), 기업재무 부사장(Vice President of Corporate Finance), FP&A 및 Investor Relations 책임자(Head of FP&A and Investor Relations) 등 여러 직책을 역임했습니다.

Microvast 합류 전에는 Killam Holdings Company에서 재무이사(Director of Finance)로 근무했으며 비상장 및 상장 에너지 회사에서 M&A, FP&A 및 엔지니어링 관련 업무를 수행했습니다. 학력으로는 기계공학 학사(B.S.), 공학 석사(M.S.), 금융 석사(M.S.) 및 경영학 석사(MBA)를 보유하고 있습니다. 제출 서류에는 이번 임명과 관련된 별도의 합의나 가족관계가 없다고 기재되어 있으며 Exhibit 104(Inline XBRL 표지 데이터)가 포함되어 있습니다.

Microvast Holdings a nommé Rodney Worthen directeur financier par intérim, avec effet immédiat. Il continuera d'occuper le poste de vice-président chargé de la stratégie d'entreprise (Vice President of Corporate Strategy) tout en assumant les fonctions de CFO par intérim. M. Worthen, âgé de 34 ans, a rejoint Microvast en juin 2023 et a exercé des fonctions telles que directeur des relations investisseurs et FP&A (Director of Investor Relations and FP&A), vice-président des finances d'entreprise (Vice President of Corporate Finance) et responsable FP&A et relations investisseurs (Head of FP&A and Investor Relations).

Avant de rejoindre Microvast, il a été Director of Finance chez Killam Holdings Company et a occupé des postes en M&A, FP&A et ingénierie au sein d'entreprises énergétiques privées et cotées. Ses diplômes comprennent un B.S. en génie mécanique, un M.S. en ingénierie, un M.S. en finance et un MBA. Le dossier indique qu'il n'existe aucun accord ni lien familial lié à la nomination et inclut l'Exhibit 104 (données de la page de couverture Inline XBRL).

Microvast Holdings hat Rodney Worthen mit sofortiger Wirkung zum Interim Chief Financial Officer ernannt. Er wird weiterhin als Vice President of Corporate Strategy des Unternehmens tätig sein und zugleich die Aufgaben des Interim-CFO übernehmen. Herr Worthen, 34 Jahre alt, trat im Juni 2023 bei Microvast ein und hatte Positionen inne wie Director of Investor Relations and FP&A, Vice President of Corporate Finance sowie Head of FP&A and Investor Relations.

Vor seinem Wechsel zu Microvast war er Director of Finance bei Killam Holdings Company und bekleidete M&A-, FP&A- und Ingenieurspositionen bei privaten und börsennotierten Energieunternehmen. Zu seinen akademischen Abschlüssen zählen ein B.S. in Maschinenbau, ein M.S. in Ingenieurwesen, ein M.S. in Finance sowie ein MBA. Die Einreichung gibt an, dass es keine Vereinbarungen oder familiären Beziehungen im Zusammenhang mit der Ernennung gibt, und enthält Exhibit 104 (Inline XBRL Coverpage-Daten).

Positive
  • Internal appointment of an existing senior finance executive, which preserves institutional knowledge
  • Broad finance and investor-relations experience including FP&A, corporate finance and M&A roles
  • Strong academic credentials (B.S., M.S. in Engineering, M.S. in Finance and MBA)
  • Filing discloses no arrangements or understandings related to the appointment and no family relationships or reportable transactions
Negative
  • Role is interim, indicating the CFO position is not permanently filled
  • Filing does not state the reason for the interim appointment or provide details about a permanent CFO search or timeline

Insights

TL;DR: Internal finance leader named interim CFO; experience in FP&A, M&A and investor relations provides operational continuity.

Rodney Worthens appointment draws from a sequence of internal finance and investor-relations roles, which suggests familiarity with the companys reporting and strategic processes. His prior responsibilities listed in the filing (Director of Investor Relations and FP&A, VP of Corporate Finance, Head of FP&A and Investor Relations) and external finance experience provide a background consistent with interim stewardship of financial reporting and transactions. The filing notes no special arrangements or related-party relationships, which reduces immediate governance concerns. Impact rating: 0 (neutral).

TL;DR: Appointment is an internal elevation to an interim CFO role with clear disclosures about lack of related-party ties.

The disclosure explicitly states Mr. Worthen will retain his Vice President of Corporate Strategy role while serving as Interim CFO and confirms there are no arrangements, family relationships, or interests in reportable transactions. From a governance perspective, those statements address common disclosure items required for officer changes. The filing does not describe the circumstances leading to the interim appointment or a timeline for a permanent CFO search, which leaves stakeholders without certain governance context. Impact rating: 0 (neutral).

Microvast Holdings ha nominato Rodney Worthen Chief Financial Officer ad interim, con effetto immediato. Continuerà a ricoprire la carica di Vicepresidente della strategia aziendale della società mentre assumerà le responsabilità di CFO ad interim. Il sig. Worthen, 34 anni, è entrato in Microvast a giugno 2023 e ha ricoperto incarichi quali Direttore delle Relazioni con gli Investitori e FP&A, Vicepresidente della Finanza Aziendale e Responsabile FP&A e Relazioni con gli Investitori.

Prima di unirsi a Microvast è stato Director of Finance presso Killam Holdings Company e ha svolto ruoli in M&A (fusioni e acquisizioni), FP&A e ingegneria presso società energetiche private e quotate. I suoi titoli accademici comprendono una B.S. in Ingegneria Meccanica, una M.S. in Ingegneria, una M.S. in Finanza e un MBA. Il documento depositato dichiara che non esistono accordi né rapporti di parentela collegati alla nomina e include l'Exhibit 104 (dati della copertina Inline XBRL).

Microvast Holdings nombró a Rodney Worthen Director Financiero interino, con efecto inmediato. Mantendrá su puesto como Vicepresidente de Estrategia Corporativa de la compañía mientras asume las responsabilidades de CFO interino. El Sr. Worthen, de 34 años, se incorporó a Microvast en junio de 2023 y ha desempeñado cargos como Director de Relaciones con Inversores y FP&A, Vicepresidente de Finanzas Corporativas y Jefe de FP&A y Relaciones con Inversores.

Antes de unirse a Microvast fue Director de Finanzas en Killam Holdings Company y ocupó puestos en M&A (fusiones y adquisiciones), FP&A e ingeniería en empresas energéticas privadas y cotizadas. Sus credenciales académicas incluyen una B.S. en Ingeniería Mecánica, una M.S. en Ingeniería, una M.S. en Finanzas y un MBA. La presentación indica que no existen acuerdos ni relaciones familiares relacionados con el nombramiento e incluye el Exhibit 104 (datos de la portada Inline XBRL).

Microvast Holdings는 Rodney Worthen을 즉시 발령으로 임시 최고재무책임자(CFO)로 임명했습니다. 그는 임시 CFO 직무를 수행하는 동안에도 회사의 기업전략 부문 부사장(Vice President of Corporate Strategy) 직을 계속 유지할 예정입니다. Worthen 씨(34세)는 2023년 6월 Microvast에 합류했으며 Investor Relations 및 FP&A 책임자(Director of Investor Relations and FP&A), 기업재무 부사장(Vice President of Corporate Finance), FP&A 및 Investor Relations 책임자(Head of FP&A and Investor Relations) 등 여러 직책을 역임했습니다.

Microvast 합류 전에는 Killam Holdings Company에서 재무이사(Director of Finance)로 근무했으며 비상장 및 상장 에너지 회사에서 M&A, FP&A 및 엔지니어링 관련 업무를 수행했습니다. 학력으로는 기계공학 학사(B.S.), 공학 석사(M.S.), 금융 석사(M.S.) 및 경영학 석사(MBA)를 보유하고 있습니다. 제출 서류에는 이번 임명과 관련된 별도의 합의나 가족관계가 없다고 기재되어 있으며 Exhibit 104(Inline XBRL 표지 데이터)가 포함되어 있습니다.

Microvast Holdings a nommé Rodney Worthen directeur financier par intérim, avec effet immédiat. Il continuera d'occuper le poste de vice-président chargé de la stratégie d'entreprise (Vice President of Corporate Strategy) tout en assumant les fonctions de CFO par intérim. M. Worthen, âgé de 34 ans, a rejoint Microvast en juin 2023 et a exercé des fonctions telles que directeur des relations investisseurs et FP&A (Director of Investor Relations and FP&A), vice-président des finances d'entreprise (Vice President of Corporate Finance) et responsable FP&A et relations investisseurs (Head of FP&A and Investor Relations).

Avant de rejoindre Microvast, il a été Director of Finance chez Killam Holdings Company et a occupé des postes en M&A, FP&A et ingénierie au sein d'entreprises énergétiques privées et cotées. Ses diplômes comprennent un B.S. en génie mécanique, un M.S. en ingénierie, un M.S. en finance et un MBA. Le dossier indique qu'il n'existe aucun accord ni lien familial lié à la nomination et inclut l'Exhibit 104 (données de la page de couverture Inline XBRL).

Microvast Holdings hat Rodney Worthen mit sofortiger Wirkung zum Interim Chief Financial Officer ernannt. Er wird weiterhin als Vice President of Corporate Strategy des Unternehmens tätig sein und zugleich die Aufgaben des Interim-CFO übernehmen. Herr Worthen, 34 Jahre alt, trat im Juni 2023 bei Microvast ein und hatte Positionen inne wie Director of Investor Relations and FP&A, Vice President of Corporate Finance sowie Head of FP&A and Investor Relations.

Vor seinem Wechsel zu Microvast war er Director of Finance bei Killam Holdings Company und bekleidete M&A-, FP&A- und Ingenieurspositionen bei privaten und börsennotierten Energieunternehmen. Zu seinen akademischen Abschlüssen zählen ein B.S. in Maschinenbau, ein M.S. in Ingenieurwesen, ein M.S. in Finance sowie ein MBA. Die Einreichung gibt an, dass es keine Vereinbarungen oder familiären Beziehungen im Zusammenhang mit der Ernennung gibt, und enthält Exhibit 104 (Inline XBRL Coverpage-Daten).

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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, 2025

Microvast Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware   001-38826   83-2530757

(State or other jurisdiction

of incorporation)

  (Commission File Number)  

(IRS. Employer

Identification No.)

12603 Southwest Freeway, Suite 300

Stafford, Texas 77477

(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 each exchange on which registered
Common stock, par value $0.0001 per share   MVST   The NASDAQ Stock Market LLC
Redeemable warrants, exercisable for shares of common stock at an exercise price of $11.50 per share   MVSTW   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 Interim Chief Financial Officer

 

On August 7, 2025, Microvast Holdings, Inc. (the “Company”) appointed Mr. Rodney Worthen, the Company’s Vice President of Corporate Strategy, to serve as Interim Chief Financial Officer of the Company, effective immediately. He will also continue in his role as the Company’s Vice President of Corporate Strategy.

 

Mr. Worthen, age 34, joined the Company in June of 2023. Prior to his current role as Vice President of Corporate Strategy, he held various positions of increasing responsibility within the Company, including Director of Investor Relations and FP&A, Vice President of Corporate Finance, and Head of FP&A and Investor Relations. Prior to joining the Company, Mr. Worthen gained extensive experience in financial reporting, M&A, corporate development, and strategic leadership, serving as Director of Finance at Killam Holdings Company and various roles of progressive responsibility in M&A, FP&A, and engineering at both private and publicly listed energy companies. Mr. Worthen holds a Bachelor of Science in Mechanical Engineering from the University of Central Oklahoma, a Master of Science in Engineering from the University of Oklahoma and a Master of Science in Finance and Master of Business Administration from Auburn University.

 

There are no arrangements or understandings between Mr. Worthen and any other person pursuant to which he was appointed to be Interim Chief Financial Officer of the Company. There are no family relationships between Mr. Worthen 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.

 

Item 9.01 Financial Statement and Exhibits

 

(d) Exhibits

 

Exhibit No. Description                                                                                                                                         
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 hereunto duly authorized.

Date: August 8, 2025 MICROVAST HOLDINGS, INC.
   
  By: /s/ Wu Yang
  Name: Wu Yang
  Title: Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FAQ

Who was named Interim CFO of Microvast (MVST)?

The company appointed Rodney Worthen as Interim Chief Financial Officer; he will also continue as Vice President of Corporate Strategy.

When does the Interim CFO appointment take effect for MVST?

The filing states the appointment is effective immediately.

What is Rodney Worthens experience and background at Microvast?

Mr. Worthen joined Microvast in June 2023 and has served as Director of Investor Relations and FP&A, Vice President of Corporate Finance, and Head of FP&A and Investor Relations.

Does the filing disclose any conflicts of interest or special arrangements for the new CFO at MVST?

The filing states there are no arrangements or understandings regarding his appointment, no family relationships with company officers or directors, and no interest in transactions requiring disclosure.

Were any exhibits filed with the 8-K announcing the MVST interim CFO?

Yes. The filing includes Exhibit 104, the Cover Page Interactive Data File embedded within the Inline XBRL document.
Microvast Holdings Inc

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