Company: EVLVW
Filing Date: 2025-02-04
Form Type: 8-K
Source: 0001104659-25-008892
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Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-02-04
Form: 8-K
Item: Item 5.02
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Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of  

On January 31, 2025, the Board of Directors (the “ Board”)
of Evolv Technologies Holdings, Inc. (the “ Company”) appointed Richard Shapiro to the Company’s Board, effective
February 3, 2025, to serve as a Class II director until the Company’s 2026 annual meeting of stockholders. The Board also
appointed Mr. Shapiro to the Audit Committee of the Board (the “ Audit Committee”). In approving the appointment, the
Board concluded that Mr. Shapiro satisfies the independence requirements of Rule 10A-3 under the Securities Exchange Act of
1934, as amended, the Nasdaq Stock Market, including those related to audit committee membership, and the Company’s Corporate Governance
Guidelines. The Board also determined that Mr. Shapiro is an “audit committee financial expert” as that term is defined
by applicable Securities and Exchange Commission regulations. In connection with Mr. Shapiro’s appointment to the Audit Committee,
Kevin Charlton stepped down from the Audit Committee but will remain a member of the Compensation Committee and the Investment Committee
of the Board.

Richard Shapiro, 54, is an experienced public company investor and
director. He is currently Founder and Chief Investment Officer of family office firm, Ridge Run Partners LLC. Previously, Mr. Shapiro
twice served as a Portfolio Manager at Millennium Management, a global, diversified alternative investment firm, where he was focused
on equity investments, from 2020 to 2021, and from 2007 to 2011. From 2011 to 2020, Mr. Shapiro was at Wexford Capital, a value-oriented
multi-strategy investment firm, where he became a firm Partner in 2014. While at Wexford, Mr. Shapiro served as Portfolio Manager
and Co-Head of Equities and was also a member of Wexford’s Hedge Fund Investment Committee. Earlier in his career, he held
various investment roles including Amaranth Advisors and Putnam Investments. Mr. Shapiro currently serves on the board of Altus Power (NYSE:
AMPS), where he Chairs the Compensation Committee. He also serves on the Boards of Orion Energy Systems (NASDAQ: OESX) and Elah Holdings
(OTCMKTS: ELLH). He previously served on the Board of BBQ Holdings (NASDAQ: BBQ;