Velo3D appoints interim CFO under $32,500 monthly services deal

Velo3D is scaling a metal additive-manufacturing business aimed at aerospace, defense, space, and other industrial customers, while expanding production capacity at its Livermore campus and targeting EBITDA positivity in the second half of 2026. This filing fills an important control gap, but it is not a permanent leadership solution. Terence P. Wynn becomes interim CFO, principal financial officer, and principal accounting officer effective September 28, giving Velo3D an authorized executive who can sign filings and certifications. 〔0〕 (Recitals, paragraph A) The arrangement is explicitly outsourced and transitional. Wynn remains an employee of KongBasileConsulting rather than Velo3D, and the company will pay KBC $32,500 per month, or $390,000 annually before expenses, for his services. (Section 5, Fees) That gives the company near-term finance coverage without adding a conventional full-time CFO, but it also underlines that the leadership bench is still being managed through interim or outside resources. The agreement provides useful protections around reporting independence, but leaves Velo3D carrying the central officer risk. Wynn works under the Board and CEO rather than KBC, while KBC disclaims liability for his acts in his officer capacity and receives broad indemnification from Velo3D, subject to specified exceptions and caps. 〔1〕 (Section 3(b)) 〔2〕 (Section 7(a)) Bottom line: This is operationally stabilizing because Velo3D now has a designated finance officer who can support filings and certifications, but versus the standing need for durable financial leadership, it is a modest negative rather than a strategic advance. The real resolution is a permanent CFO appointment, not this services agreement.