Twin Vee PowerCats Co.

08/24/2026 | Press release | Distributed by Public on 08/24/2026 14:06

Management Change/Compensation (Form 8-K)

Item 5.02. Compensatory Arrangements of Certain Officers.

On August 21, 2026, the Compensation Committee of the Board of Directors (the "Committee") of Twin Vee PowerCats Co. ("Company") revised the base salary of Joseph Visconti, the Company's Chief Executive Officer and President, to $250,000.

Additionally, Mr. Visconti shall be eligible to receive a bonus payment of $150,000 related to the successful completion and closing of the Agreement and Plan of Merger with USFM Corporation dated July 12, 2026 ("Merger Agreement"). In the event the Merger Agreement is successful and closes, the Company shall pay this bonus within ten (10) days of closing.

Twin Vee PowerCats Co. published this content on August 24, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 24, 2026 at 20:06 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]