Wolfspeed adds two restructuring-experienced directors; Stacy Smith leaves board; company in lender talks

WOLFSPEED, INC.

Paul Walsh (ex-CFO of Allegro MicroSystems) and Mark Jensen (ex-Deloitte partner) elected to Wolfspeed board; both join Audit Committee.
Stacy Smith will not stand for reelection and resigns before the 2025 annual meeting; departure not due to any disagreement.
Company states it remains actively engaged with lenders to improve its capital structure and is making meaningful progress.
New directors bring expertise in restructuring, semiconductor industry, and finance/accounting to assist with balance sheet negotiations.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Paul V. Walsh

Director

WOLF · WOLFSPEED, INC.

Effective: 2025-05-08
Filed: May 9, 2025, 7:59 PM ET

elected each of Mark Jensen and Paul V. Walsh, Jr. as a member of the Board

Appointed

Mark Jensen

Director

WOLF · WOLFSPEED, INC.

Effective: 2025-05-08
Filed: May 9, 2025, 7:59 PM ET

elected each of Mark Jensen and Paul V. Walsh, Jr. as a member of the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul V. Walsh was elected as Director at WOLFSPEED, INC..

Action: elected
Role: Director

Exact text from the filing

elected each of Mark Jensen and Paul V. Walsh, Jr. as a member of the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Jensen was elected as Director at WOLFSPEED, INC..

Action: elected
Role: Director

Exact text from the filing

elected each of Mark Jensen and Paul V. Walsh, Jr. as a member of the Board

View on SEC.gov

WOLFSPEED, INC. filing history →

Source: SEC EDGAR

accession 0000895419-25-000066

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.