secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0000895419-24-000107
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000089541924000107/0000895419-24-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000089541924000107/wolfspeed-20241119.htm
  HTML page:      https://secwatch.observer/filing/0000895419-24-000107

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