secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000895419-23-000134
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolfspeed FY2024 Bonus Plan approved: CEO target 140% of base salary, CFO target 100%
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- Compensation Committee approved FY2024 Bonus Plan on Oct 31, 2023.
- CEO Gregg Lowe target award: 140% of base salary; CFO Neill Reynolds: 100% of base salary.
- Bonus based on revenue (30%), non-GAAP gross margin (30%), adjusted EBITDA (30%), ESG (10%).
- Payout range 0-200% of target; cash bonus determined by performance against pre-set goals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000089541923000134/0000895419-23-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000089541923000134/wolfspeed-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000895419-23-000134

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer