Accelevation (ACCV) Registration filing summary

Management team and governance

• Board structure allows Olympus to nominate a majority of directors as long as it holds at least 40% of its original stake, with step-down rights as ownership decreases.

• Founder retains the right to nominate one director if holding at least 3% of shares; this right is lost if removed for cause as CEO.

• Board committees require Olympus consent for formation while it holds at least 5% of its original stake, and Olympus can appoint committee members proportionally.

• Olympus has the right to designate the Board chair as long as it owns at least 30% of the company.

• The company must maintain D&O insurance and indemnification provisions for directors and officers to the fullest extent permitted by law.

Key takeaways

• Olympus maintains significant control over board composition and governance as long as it retains a substantial equity stake.

• Founder representation on the board is tied to continued CEO service and minimum ownership.

• Board and committee structure, as well as director indemnification, are designed to protect major shareholders and management.