Velo3D Inc disclosed that Chief Financial Officer James Suva separated from employment on September 28, 2026, sending shares down 8.1% in premarket trading Monday. The company said in an 8-K filing that Suva's departure was not due to any disagreement with the company on any matter related to its operations, policies or practices. The board of directors appointed Terence P. Wynn, 70, as Interim Chief Financial Officer effective the same day, serving as a consultant rather than an employee through KongBasileConsulting LLC, which has provided accounting and financial reporting services to Velo3D since January 2021. Under the Officer Services Agreement, KongBasileConsulting will receive a monthly fee of $32,500 for Wynn's services, plus reimbursement of pre-approved expenses, and the agreement can be terminated by either party with written notice while the board may remove Wynn at any time. Wynn has served as an independent CFO consultant through KongBasileConsulting since 2020 and was Chief Financial Officer of Business Wire, Inc., a Berkshire Hathaway company, from 2018 to 2020.
Velo3D, Inc.Velo3D's CFO James Suva separated from employment, an abrupt executive departure that sent shares down 8.1% premarket.
Berkshire Hathaway IncKongBasileConsulting will receive a $32,500 monthly fee for providing interim CFO Wynn's services to Velo3D.
