secwatch.observer — SEC 8-K summary
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Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2025-05-28T23:59:59+00:00
Accession:  0000895419-25-000088
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000089541925000088/0000895419-25-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000089541925000088/wolfspeed-20250523.htm
  HTML page:      https://secwatch.observer/filing/0000895419-25-000088

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