Fri, May 9, 12:01 PM (10 days ago)
**Markforged Holding Corporation (MKFG) 10-K/A Summary** **Company Overview:** Markforged Holding Corporation (MKFG) filed this 10-K/A to amend its Annual Report for the fiscal year ended December 31, 2024, to include information required by Items 10 through 14 of Part III. The amendment does not modify previously reported financial results or reflect events occurring after the date of the original 10-K. **Directors and Executive Officers:** The company's board of directors and executive officers were listed, including their positions, ages, and relevant experience. Key directors include Alan Masarek (Chairman), Shai Terem (CEO), and several other industry experts. Executive officers include Assaf Zipori (CFO) and Stephen Karp (General Counsel, who resigned in March 2025). **Board Committees:** The board has established audit, compensation, and nominating and corporate governance committees, each with specific responsibilities and charters available on the company's website. **Director Compensation:** The company adopted a Non-Employee Director Compensation Policy, which includes restricted stock unit awards and annual retainers. The policy was amended in April 2024 to reduce the value of the Initial Grant. **Executive Compensation:** Named executive officers (NEOs) for 2024 include Shai Terem, Assaf Zipori, and Stephen Karp. Their compensation details, including salary, stock awards, and other compensation, were provided. The company uses a mix of base salary, bonuses, and equity compensation to align executive interests with shareholders. **Security Ownership:** The table lists the beneficial ownership of common stock by directors, executive officers, and certain large shareholders as of April 25, 2025. Significant shareholders include entities affiliated with Matrix Ventures, North Bridge Venture Partners, and Senvest Management LLC. **Related Party Transactions:** The company described related party transactions, including indemnification agreements with directors and executive officers, and policies for approving related person transactions. **Accounting Fees:** The company incurred audit and related fees from PricewaterhouseCoopers LLP for the fiscal years ended December 31, 2024, and 2023. The audit committee pre-approved all services. **Exhibits:** The filing includes various exhibits, such as merger agreements, certificates of incorporation, bylaws, and compensation plans. The exhibits provide detailed information on the company's legal and financial structures. **Strategic Overview and Future Outlook:** The company's strategic focus and future outlook were not explicitly detailed in this amendment, as it primarily addresses corporate governance and compensation matters. However, the inclusion of detailed director and executive compensation structures suggests a focus on aligning executive interests with shareholder value. **Risk Factors:** Specific risk factors were not detailed in this amendment. However, the company's strategic and financial decisions, as outlined in the compensation and governance structures, aim to mitigate risks associated with executive misalignment and related party transactions. **Financial Condition:** The amendment does not provide updated financial statements or reflect changes in the company's financial condition. The financial condition remains as reported in the original 10-K filing. **Market Position Changes:** No significant market position changes were reported in this amendment. The company's market position and competitive landscape would be better understood from the original 10-K filing and subsequent quarterly reports.