{"schema_version":"secwatch.filing_event.v1","accession":"0000867773-24-000086","form_type":"8-K","ticker":null,"cik":"0000867773","company_name":"SUNPOWER CORP","filed_at":"2024-08-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.088467+00:00","generated_at":"2026-05-31T12:47:51.946491+00:00","sec_items":["1.01","1.03","2.03","2.04","5.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"SunPower files Chapter 11, sells key assets to Complete Solaria for $45M","bullets":["SunPower and subsidiaries filed Chapter 11 petitions on August 5, 2024, in Delaware.","Stalking horse APA with Complete Solaria to sell Blue Raven Solar, New Homes, and non-installing Dealer network for $45M cash.","Expects Nasdaq delisting; equity holders could face complete loss on investment.","CEO replaced by Matthew Henry (Alvarez & Marsal) as PEO and CTO; Tom Werner remains Executive Chairman.","Chapter 11 filing accelerated ~$509M of debt under credit agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0000867773-24-000086","json":"https://secwatch.observer/filing/0000867773-24-000086.json","markdown":"https://secwatch.observer/filing/0000867773-24-000086.md","text":"https://secwatch.observer/filing/0000867773-24-000086.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/867773/000086777324000086/0000867773-24-000086-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/867773/000086777324000086/spwr-20240802.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T12:47:51.946491+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"70779f6c0c4653ef2479f26ce4145948242ccaae","claim":"SUNPOWER CORP entered chapter 11 in U.S. Bankruptcy Court for the District of Delaware (petition 2024-08-05).","evidence_excerpt":"Item 1.03. Bankruptcy or Receivership. Voluntary Petition for Bankruptcy On August 5, 2024 (the “ Petition Date ”), SunPower Corporation (the “ Company ”) and certain of its direct and indirect subsidiaries (collectively, the “ Company Parties ”) filed voluntary petitions (the “ Chapter 11 Cases ”) under Chapter 11 of the U.S. Bankruptcy Code (the “ Bankruptcy Code ”) in the U.S. Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”).","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/867773/000086777324000086/0000867773-24-000086-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"U.S. Bankruptcy Court for the District of Delaware"},{"label":"Petition","value":"2024-08-05"}],"fact_type":"distress_event"},{"claim_id":"7aea3cc8b9","claim":"Thomas H. Werner changed role as Executive Chairman at SUNPOWER CORP.","evidence_excerpt":"Mr. Werner will continue to serve in his capacity as Executive Chairman of the Board.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/867773/000086777324000086/0000867773-24-000086-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"continue"},{"label":"Role","value":"Executive Chairman"}],"fact_type":"executive_change"},{"claim_id":"82a6c73bae","claim":"Matthew Henry was appointed as principal executive officer at SUNPOWER CORP.","evidence_excerpt":"the board of directors of the Company (the “ Board ”) approved Matthew Henry, a Managing Director at Alvarez & Marsal North America, LLC (“ A&M ”), as replacing Thomas H. Werner as the principal executive officer (“ PEO ”) of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/867773/000086777324000086/0000867773-24-000086-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"principal executive officer"}],"fact_type":"executive_change"},{"claim_id":"b9620a8a3c","claim":"Matthew Henry was appointed as Chief Transformation Officer at SUNPOWER CORP.","evidence_excerpt":"on August 4, 2024, Matthew Henry was engaged by the Company as Chief Transformation Officer (“ CTO ”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/867773/000086777324000086/0000867773-24-000086-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Transformation Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}