---
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"
generated_at: "2026-05-31T12:47:51.946491+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# SunPower files Chapter 11, sells key assets to Complete Solaria for $45M

## Summary
- 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.

## SEC filing metadata
- accession: 0000867773-24-000086
- form_type: 8-K
- cik: 0000867773
- company_name: SUNPOWER CORP
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.03, 2.03, 2.04, 5.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000867773-24-000086
- JSON: https://secwatch.observer/filing/0000867773-24-000086.json
- Plain text: https://secwatch.observer/filing/0000867773-24-000086.txt

## Key facts
- Distress & Bankruptcy
  SUNPOWER CORP entered chapter 11 in U.S. Bankruptcy Court for the District of Delaware (petition 2024-08-05).
  - Proceeding: chapter 11
  - Court: U.S. Bankruptcy Court for the District of Delaware
  - Petition: 2024-08-05
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/867773/000086777324000086/0000867773-24-000086-index.htm
- Executive change
  Thomas H. Werner changed role as Executive Chairman at SUNPOWER CORP.
  - Action: continue
  - Role: Executive Chairman
  source text: Mr. Werner will continue to serve in his capacity as Executive Chairman of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/867773/000086777324000086/0000867773-24-000086-index.htm
- Executive change
  Matthew Henry was appointed as principal executive officer at SUNPOWER CORP.
  - Action: appointed
  - Role: principal executive officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/867773/000086777324000086/0000867773-24-000086-index.htm
- Executive change
  Matthew Henry was appointed as Chief Transformation Officer at SUNPOWER CORP.
  - Action: appointed
  - Role: Chief Transformation Officer
  source text: on August 4, 2024, Matthew Henry was engaged by the Company as Chief Transformation Officer (“ CTO ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/867773/000086777324000086/0000867773-24-000086-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.