Wolfspeed appoints Thomas H. Werner as Executive Chair with $150K monthly salary and RSU grants

WOLFSPEED, INC.

Thomas H. Werner appointed Executive Chair effective Nov 18, 2024; offer letter signed Nov 19.
Base salary of $150,000 per month, paid in regular installments.
Monthly RSU grants valued at $225,000, using 30-day average closing price, vesting one year from grant.
First RSU grant on Dec 31, 2024 covering service for Nov-Dec 2024.
Employment is at-will; must sign confidentiality and noncompetition agreement.

item 5.02 item 9.01

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Appointed

Thomas H. Werner

Executive Chair

WOLF · WOLFSPEED, INC.

Effective: 2024-11-18
Filed: November 21, 2024, 6:59 PM ET

the Board of Directors (the “Board”) of Wolfspeed, Inc. (the “Company”) appointed Thomas H. Werner as Executive Chair effective as of November 18, 2024.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas H. Werner was appointed as Executive Chair at WOLFSPEED, INC..

Action: appointed
Role: Executive Chair

Exact text from the filing

the Board of Directors (the “Board”) of Wolfspeed, Inc. (the “Company”) appointed Thomas H. Werner as Executive Chair effective as of November 18, 2024.

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Source: SEC EDGAR

accession 0000895419-24-000107

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