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Twin Vee PowerCats ( (VEEE) ) has shared an announcement.
Twin Vee Powercats Co. is reducing operational costs amid declining demand, resulting in the resignation of President Karl Zimmer. Zimmer will receive his full salary until November 30, 2024, and will transition to a consulting role, earning $60,000 plus per diem fees. The agreement includes a release of claims and a non-disparagement clause.
See more insights into VEEE stock on TipRanks’ Stock Analysis page.
