Evolv SVP Finance / Former CFO Terminated / New CFO Leaves

By John Honovich, Updated May 19, 2022, 04:31pm EDT (Info+)

Evolv Technology's Senior Vice President of Strategic Finance termination was quietly disclosed in Friday afternoon financial filing.

[UPDATE: Less than 7 months later, the new CFO is now leaving.]

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Inside this note, we examine the move, challenges at Evolv, and its recent financial performance.

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***** ******* *** *****'* *** *** over * ***** ********* **** ***** went ****** **** ****. *******, * months ***,***** ********* * *** ****** **** ******* ***** ********** ** the **** ** ****** **** ********* of ********* *******.

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***, ********* ***** ****** ********* ********* ******(** ***** ******* *** ******), ******* in *** **** ***** "******* ** agreement ********* **. *******’* ***********" ** pay ******* ****** $***,*** "** ******** for ******* ******** ** ******":

*** ******* **** ******* **** ********* benefits ** **. ******* ** $***,***, representing **** ****** ** **** ******, to ** **** ** ***** ************ over *** ****-***** ****** ********* *** Termination **** *** $**,***, ************ **% of *** ****** ***** *** *** 2022 ****** ****, ** ** **** in * **** *** ****** ***** days ** *** *********** ****

***** *** *** ***** *** ******* or *********** ** *** ******* *** terminated ** *** ****** ******** ******* ** ***** **** ****.

Stock *******

*****'* ***** ** **** ~**% ** the **** **** ***** *** ******* went ******:

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****** *********, ****** *** ************ *** made, *****'* ***** ******, ****** ***** far **** **** *** **** ****:

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*** ***** ***** ******** ** *****'* CEO ******** ** *** ******** ****** when *** ****** ******* ** *** declining ***** *****, *****'* *** **** ignored **:

******** **** *** *********** **** ****** some *******, ****** ********** ** *********, the **** ****** ** *** *** (1) *** ************* ***** *** ********** what ** *** ******** **, *.*.,"******* ********" ** ******* ***** *********** (*) *** ***** **** ****** growing *********** ****** *** *****, *.*.,**** ******* ******* * ****** ******** ****** ********.

Comments (2)

******: *** *********** ***, ***** *****, only ****** **** **** * ******.

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***,***** ********* **** *** ** ********* ** **** ***"*** *** ******** * **** ** CEO ** * ********* **** ********* services *******".

*** *** *** ** *****,**** ********** **** ******** *** **********, * ********* ******** ******** ******** which ******** ******* *** ~*** ********* with **** ********* ****** **** *** last * *****.

*****'* ***** ** **** **% ***** Ramos ****** *** ****** *****'* ****** (lowered ************, ******** *********) *** **** the ***'* **** ***'* **************.

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******: ***** ***** *** *********** * ***** ********* *** *** *** ********* ***********. *** **** ****** ********* ****** ** *********** ****** **** ****** **** $** in ******.

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