---
title: "Envirotech Vehicles hires Jason Maddox and Elgin Tracy via service agreements; CEO Phillip Oldridge amends pay"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287074444.md"
description: "Envirotech Vehicles has engaged Jason Maddox and Elgin Tracy through service agreements for executive management services, effective May 19, 2026. Additionally, CEO Phillip Oldridge's employment agreement has been amended to include a new annual base compensation of $500,000, along with a car allowance and updated severance provisions."
datetime: "2026-05-20T13:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287074444.md)
  - [en](https://longbridge.com/en/news/287074444.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287074444.md)
---

# Envirotech Vehicles hires Jason Maddox and Elgin Tracy via service agreements; CEO Phillip Oldridge amends pay

**Envirotech Vehicles entered into service agreements engaging Shell Castle (led by Jason Maddox) and Met Consulting (led by Elgin Tracy) for executive management services, and amended CEO Phillip Oldridge’s employment to set new compensation and benefits.**

**Individual**

Jason Maddox

Elgin Tracy

Phillip W. Oldridge

**Role**

President and Interim Chief Financial Officer (designated principal of Shell Castle)

Chief Operating Officer (designated principal of Met Consulting)

Chief Executive Officer

**Type of Change**

Engaged via Services Agreement

Engaged via Services Agreement

Employment Agreement amended

**Effective Date**

May 19, 2026

May 19, 2026

May 19, 2026

**Reason**

Not disclosed

Not disclosed

Not disclosed

**Replacement Info**

Not disclosed

Not disclosed

Not disclosed

**Background Details**

Designated principal of Shell Castle LLC, wholly owned by Maddox; will provide executive management services (initially himself)

Designated principal of Met Consulting LLC, wholly owned by Tracy; will provide executive management services (initially himself)

Amendment sets annual base compensation $500,000, car allowance and benefits; severance and Change in Control equity grant provisions updated

**Board/Committee Role Changes**

Not disclosed

Not disclosed

Not disclosed

Original SEC Filing: Envirotech Vehicles, Inc. \[ EVTV \] - 8-K - May. 20, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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