Wolfspeed appoints Kevin Speirits as interim CFO effective May 30; CFO Neill Reynolds departs

WOLFSPEED, INC.

Neill Reynolds, EVP and CFO, departs May 30, 2025; Kevin Speirits appointed interim CFO same day.
Speirits, 65, was SVP Finance since Feb 2023; receives retention bonuses up to $400K linked to milestones.
Milestones: service as interim CFO until Sept 2025–Jan 2026, transition support, and debt restructuring oversight.
Separation severance offered: 12 months salary, target annual bonus, 1 year equity vesting, plus COBRA payments.
Speirits remains at-will; forfeits and must repay lump sums if terminated for cause or leaves before milestones.

item 5.02item 9.01

Executive movements

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Departed

Neill P. Reynolds

Executive Vice President and Chief Financial Officer

WOLF · WOLFSPEED, INC.

Effective: 2025-05-30
Successor: Kevin Speirits
Filed: May 28, 2025 23:59 UTC

Neill P. Reynolds, the Company’s Executive Vice President and Chief Financial Officer, will depart effective May 30, 2025.

Appointed (interim)

Kevin Speirits

Interim Chief Financial Officer

WOLF · WOLFSPEED, INC.

Effective: 2025-05-30
Filed: May 28, 2025 23:59 UTC

Kevin Speirits, currently the Company’s Senior Vice President, Finance, will serve as Interim Chief Financial Officer effective May 30, 2025

Source: SEC EDGAR

accession 0000895419-25-000088

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