Corporate GovernanceApr 30, 2026, 04:27 PM
MVIS Amends 10-K: Details Executive Comp, Board Changes
AI Summary
MICROVISION, INC. filed Amendment No. 1 to its 2026 Form 10-K to include information previously intended for its proxy statement, which will be filed late. The amendment details corporate governance, executive compensation, and director information. Key executive changes include Glen DeVos's appointment as CEO and the departures of former CEO Sumit Sharma and former CFO Anubhav Verma. The filing also noted a late insider trading report by director Jada Smith and the company's 2025 net loss.
Key Highlights
- MICROVISION, INC. filed Amendment No. 1 to its 2026 Form 10-K.
- The amendment provides details for Items 10-14 of Part III and Item 15 of Part IV.
- The 2026 proxy statement will not be filed within the requisite time period.
- Glen DeVos was named CEO in September 2025, with 2025 total compensation of $3,387,845.
- Former CEO Sumit Sharma received $1,608,373 in 2025, including $795,000 in severance.
- Former CFO Anubhav Verma resigned in December 2025, with 2025 total compensation of $411,719.
- Director Jada Smith reported a sale of 20,113 shares late on March 4, 2025.
- The company reported a net loss of $(94,981) thousand for 2025.