{"url_path":"/sec/veee/8-k/2026-07-13/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors;","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-13","source_url":"https://www.sec.gov/Archives/edgar/data/1855509/0001731122-26-000931-index.html","accession_number":"0001731122-26-000931","cik":"0001855509","ticker":"VEEE","issuer_name":"Twin Vee PowerCats, Co.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1855509/0001731122-26-000931-index.html","primary_entity_key":"0001855509","primary_entity_name":"Twin Vee PowerCats, Co."},"word_count":439,"has_tables":true,"body_markdown":"**Item 5.02 Departure of Directors or Certain Officers; Election of Directors;\nAppointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\n** **\n\n(b)\n\n \n\nJoseph Visconti, the Company’s Chief Executive Officer and President\nhas resigned his role as the Company’s Interim Chief Financial Officer, effective as of July 10, 2026.\n\n \n\n(c)\n\n \n\nOn July 11, 2026, the Company appointed Michael P. Dickerson to be the\nCompany’s Interim Chief Financial Officer.\n\n \n\nMichael P. Dickerson was our Chief Financial &\nAdministrative Officer from April 2024 through February 2026, at which time Mr. Dickerson became a consultant to the Company. Mr. Dickerson\nhas more than 35 years of corporate experience in senior and executive level finance and operational roles, including finance & accounting,\ntreasury, investor relations & corporate communications, risk management and other related roles. In February 2024, he served in a\nconsulting capacity at Savannah River Logistics as their Executive Vice President, Chief Financial & Administrative Officer, and Treasurer.\nFrom August 2022 until November 2023, he served as Vice President, Investor Relations & Risk Management, at Dorman Products, Inc.\n(Nasdaq: DORM). From August 2018 to March 2022, he served as Vice President, Corporate Communications & Investor Relations, at Aaron’s\nInc. (NYSE: AAN). We believe Mr. Dickerson’s extensive operational and financial expertise in public companies along with his experience\nin various leadership roles make him a valuable member of Twin Vee’s management.\n\n \n\n(e)\n\n \n\nIn connection with Mr. Dickerson’s appointment\nas the Company’s Interim Chief Financial Officer, on July 11, 2026, Mr. Dickerson and the Company entered into an amendment to Mr.\nDickerson’s existing consulting agreement. The consulting agreement, which provides that he will provide the Company certain advisory,\nfinancial, strategic, or other professional services as requested by the Company from time to time at a rate of $6,000 per month commencing\nApril 1, 2026 to December 31, 2026 (unless earlier terminated), was amended to appoint Mr. Dickerson to be the Company’s Interim\nChief Financial Officer and provide him with (a) a grant of 3,970 Restricted Stock Units, which shall be fully vested on the date of grant,\n(b) payment to Mr. Dickerson of $25,000 in cash upon the signing of the Merger Agreement and (c) payment to Mr. Dickerson of $25,000 in\ncash upon the consummation of the transactions contemplated by the Merger Agreement.\n\n \n\nThe foregoing description of Mr. Dickerson’s\nconsulting agreement, as amended, is only a summary and does not purport to be complete and is qualified in its entirety by reference\nto the full text of the consulting agreement, as amended, a copy of which is filed as Exhibit 10.1 hereto and incorporated into this Current\nReport on Form 8-K by reference herein.\n\n \n\n-4-"}