secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0000895419-25-000041
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolfspeed CFO Neill Reynolds to depart May 30; guidance reaffirmed
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- CFO Neill Reynolds will depart effective May 30, 2025, to pursue another professional opportunity; he will remain to coordinate lender negotiations.
- Company reaffirms fiscal Q3 2025 financial guidance (no specific numbers provided).
- CFO search launched with executive-search firm for internal and external candidates.
- Separation package: 12 months salary plus target bonus, additional RSU vesting, and COBRA coverage.
- New CEO Robert Feurle joins on May 1, 2025, amid ongoing balance-sheet strengthening efforts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000089541925000041/0000895419-25-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000089541925000041/wolfspeed-20250426.htm
  HTML page:      https://secwatch.observer/filing/0000895419-25-000041

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