Wolfspeed appoints COO, targets EBITDA break-even at $800M revenue, enters grace period on interest payment

WOLFSPEED, INC.

David Emerson appointed EVP/COO effective no later than June 30, 2025; base salary $500K with $2M in equity grants.
Targets adjusted EBITDA break-even at $800M annualized revenue and positive unlevered OCF of ~$200M in FY2026.
Targeting positive levered free cash flow in FY2027; ongoing constructive discussions with lenders.
Elected to enter 30-day grace period for interest payment due June 2, 2025.

item 5.02 item 7.01 item 9.01

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Appointed

David Emerson

Executive Vice President and Chief Operating Officer

WOLF · WOLFSPEED, INC.

Filed: May 23, 2025, 7:59 PM ET

appointed David Emerson, Ph.D., to serve as the Company’s Executive Vice President (“EVP”) and Chief Operating Officer (“COO”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David Emerson was appointed as Executive Vice President and Chief Operating Officer at WOLFSPEED, INC..

Action: appointed
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

appointed David Emerson, Ph.D., to serve as the Company’s Executive Vice President (“EVP”) and Chief Operating Officer (“COO”).

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WOLFSPEED, INC. filing history →

Source: SEC EDGAR

accession 0000895419-25-000076

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