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): May 7, 2024

 

ela_8kimg3.jpg

 

ENVELA CORPORATION

(Exact name of Registrant as specified in its charter)

 

Nevada

1-11048

88-0097334

(State or other jurisdiction of

incorporation or organization)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

 

1901 Gateway Drive, Ste 100, Irving, Texas 75038

(Address of principal executive offices) (Zip Code)

 

(972) 587-4049

(Registrant’s Telephone Number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading Symbol

 

Name of exchange on which registered

Common stock, par value $0.01 per share

 

ELA

 

NYSE American

 

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 (see General Instruction A.2.):

 

☐

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. ☐

 

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

As reported previously on Envela Corporation’s (the “Company”) Form 8-K filed April 3, 2024, the Company’s Board of Directors appointed John DeLuca Chief Financial Officer (“CFO”) of the Company, effective March 25, 2024. On May 7, 2024, the Company’s Board of Directors further appointed Mr. DeLuca to the positions of Secretary and Treasurer of the Company, which duties will be performed in addition to those required by his position as CFO, effective immediately.

 

As previously reported, Mr. DeLuca’s executive compensation may include salary, bonus, and long-term incentive awards in accordance with the Company’s executive compensation program.   

 

 
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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

 

By:

/s/ John R. Loftus

 

 

John R. Loftus

 

 

 

Chief Executive Officer

 

 

 

 

 

Date: May 10, 2024

 

 

 

 

 
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