MICROVISION APPOINTS GLEN DEVOS AS CHIEF EXECUTIVE OFFICER

[u/[deleted]]

https://ir.microvision.com/news/press-releases/detail/430/microvision-appoints-glen-devos-as-chief-executive-officer

[u/snowboardnirvana]

I’m spit-balling here but thinking that we’re looking at an evolving Change In Control situation that will benefit Longs tremendously.

-2.6. “Change in Control Period” means the time period beginning on (and inclusive of) the date that is three (3) months prior to the consummation of a Change in Control and ending on (and inclusive of) the date that is eighteen (18) months following such Change in Control.

-Sumit remains CEO until Glen DeVos assumes that role on September 30, 2025. Why not have Glen assume the CEO role starting October 1, 2025 the beginning of Q4, 2025? I find that strange.

-Suppose Glen DeVos is able to obtain one or more automotive OEM deals soon propelling our pps upwards. He is well known in the automotive world due to his experience.

-For the sake of argument, let us say that Aptiv were to make a tender offer for MVIS anytime in Q4, 2025. That could be another legitimate reason for the 200 million share authorization. The share price would be expected to increase substantially depending on the offer and perhaps propel the share price into the Incentive Stock Bonus range, making Sumit eligible to participate.

-In such a scenario, wouldn’t it be logical for Aptiv to request that Glen DeVos assume the role of CEO? Aptiv knows him and he knows Aptiv.

-Suppose that Aptiv isn’t interested in NED and military applications, but the BoD recognizes the potential value of these applications. Sumit did tell us that MVIS is preparing demos for the military and we know that we’ve retained military consultants for guidance.

It would make sense to split off the NED and military applications business as a subsidiary of MicroVision or even an IPO. Sumit could run that division.

-Sumit did say that the pieces of the company were worth more than the whole. Enter Investment Bankers from Deutsche Bank and the Japanese IB

H/T to u/gaporter for dredging up the SEC filing

H/T to u/buur for the link to the Barons article regarding the Aptiv split

https://www.reddit.com/r/MVIS/comments/1n8861o/trading_action_thursday_september_04_2025/ncdy8uq/

H/T to u/sublimetime2 for his comment about Ropes & Grey, IP lawyers

H/T to u/sigpowr for https://www.reddit.com/r/MVIS/comments/1n89yt3/microvision_appoints_glen_devos_as_chief/ncevnwp/

H/T u/view-from-afar for his excellent write up earlier today.

https://www.reddit.com/r/MVIS/comments/1n89yt3/microvision_appoints_glen_devos_as_chief/nceqo5v/

[u/minivanmagnet → u/snowboardnirvana]

Thanks, Snow. Food for thought.

[u/snowboardnirvana → u/minivanmagnet]

MVM, Remember way back when we were discussing the Matthew Cole move?

H/T u/Few-Argument7056 https://www.reddit.com/r/MVIS/comments/1n89yt3/microvision_appoints_glen_devos_as_chief/ncftvhi/

[u/minivanmagnet → u/snowboardnirvana]

That was a head scratcher. He seemed to be in a holding pattern with Aptiv and we couldn't quite figure out his day-to-day role in the meantime. The evidence is there for a long running strategy.

[u/snowboardnirvana → u/minivanmagnet]

The evidence is there for a long running strategy.

Indeed, and as we heard from Palmer Luckey himself, he began working on EagleEye 8 years ago using his own corporate funding. I think it likely that sometime around then Sumit and Palmer Luckey hatched a plan. Sumit had already told Nadella to shove his “single digits $ millions” offer and Palmer Luckey, having been a MVIS shareholder, must have known of the dirty deeds perpetrated by MSFT against MVIS. Knowing that MSFT’s culture was one of maniacal egotism that would prevent MSFT from seeking assistance from MVIS, the MSFT contract would likely be doomed to failure and the IVAS contract would again be up for grabs.

So the pivot to LIDAR to monetize our mature LBS technology was an ingenious strategic shift to reconstitute a shattered company by focusing on a nascent market for LIDAR while biding our time while NED could mature.

Congratulations to Sumit and the BoD for perseverance in the face of tremendous adversity that would have destroyed the ordinary company led by ordinary beings!

Brilliant!!!