---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-003920"
form_type: "8-K"
ticker: "NXT"
cik: "0001852131"
company_name: "Nextpower Inc."
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T15:47:50.968047+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nextracker appoints Chuck Boynton as CFO; David Bennett moves to CAO

## Summary
- Charles Boynton named CFO effective May 2024; David Bennett becomes Chief Accounting Officer.
- Boynton resigns from board and audit committee; Brandi Thomas becomes audit chair, Steven Mandel joins.
- Compensation: base salary $600k, target bonus 90%, annual equity target $6M, sign-on cash $2M, sign-on RSUs $6.5M.
- Boynton has 30+ years finance experience, previously CFO at Logitech, SunPower, Plantronics.

## SEC filing metadata
- accession: 0000950103-24-003920
- form_type: 8-K
- ticker: NXT
- cik: 0001852131
- company_name: Nextpower Inc.
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852131/000095010324003920/0000950103-24-003920-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852131/000095010324003920/dp208470_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-003920
- JSON: https://secwatch.observer/filing/0000950103-24-003920.json
- Plain text: https://secwatch.observer/filing/0000950103-24-003920.txt

## Key facts
- Executive change
  David Bennett changed role as Chief Accounting Officer at Nextpower Inc..
  - Action: stepped down as CFO and will serve as CAO
  - Role: Chief Accounting Officer
  source text: David Bennett will step down as Chief Financial Officer and will continue to serve the Company as its Chief Accounting Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852131/000095010324003920/0000950103-24-003920-index.htm
- Executive change
  Charles Boynton resigned as Director at Nextpower Inc..
  - Action: resigned
  - Role: Director
  source text: Mr. Boynton has resigned from the Board of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852131/000095010324003920/0000950103-24-003920-index.htm
- Executive change
  Charles Boynton was appointed as Chief Financial Officer at Nextpower Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: appointed Charles “Chuck” Boynton as the Company’s Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852131/000095010324003920/0000950103-24-003920-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.