8-K
filed September 22, 2022, 7:59 PM ET
ticker ASTI
CIK 0001350102
leadership
confidence high
sentiment neutral
materiality 0.75
Ascent Solar CEO Victor Lee resigns; board overhaul with four new directors appointed
Ascent Solar Technologies, Inc.
- Four directors (Victor Lee, Amit Kumar, Kim Huntley, Will Clarke) resigned at majority stockholder request on Sept 16, 2022.
- Sole director David Peterson appointed Forrest Reynolds, Louis Berezovsky, Michael French, and Felix Mantke as new directors.
- CEO Victor Lee resigned effective Sept 21, 2022; separation agreement provides $360K salary for 12 months, $200K bonus paid in two installments, and COBRA premiums.
- Company has commenced a search for a new CEO; expects announcement in near future.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Louis Berezovsky was appointed as Director at Ascent Solar Technologies, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
David Peterson, appointed the following four persons as new directors of the Company: Forrest Reynolds, Louis Berezovsky, Michael French, and Felix Mantke.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Amit Kumar resigned as Director at Ascent Solar Technologies, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Kong Hian Lee (aka Victor Lee), Amit Kumar, Kim Huntley and Will Clarke resigned from the Company’s board of directors effective September 16, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Michael French was appointed as Director at Ascent Solar Technologies, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
David Peterson, appointed the following four persons as new directors of the Company: Forrest Reynolds, Louis Berezovsky, Michael French, and Felix Mantke.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
David Peterson was appointed as Board Chair at Ascent Solar Technologies, Inc..
- Action
- appointed
- Role
- Board Chair
Exact text from the filing
Mr. Peterson was appointed board chair.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Will Clarke resigned as Director at Ascent Solar Technologies, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Kong Hian Lee (aka Victor Lee), Amit Kumar, Kim Huntley and Will Clarke resigned from the Company’s board of directors effective September 16, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Kim Huntley resigned as Director at Ascent Solar Technologies, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Kong Hian Lee (aka Victor Lee), Amit Kumar, Kim Huntley and Will Clarke resigned from the Company’s board of directors effective September 16, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Forrest Reynolds was appointed as Director at Ascent Solar Technologies, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
David Peterson, appointed the following four persons as new directors of the Company: Forrest Reynolds, Louis Berezovsky, Michael French, and Felix Mantke.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Victor Lee resigned as Director at Ascent Solar Technologies, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Kong Hian Lee (aka Victor Lee), Amit Kumar, Kim Huntley and Will Clarke resigned from the Company’s board of directors effective September 16, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Felix Mantke was appointed as Director at Ascent Solar Technologies, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
David Peterson, appointed the following four persons as new directors of the Company: Forrest Reynolds, Louis Berezovsky, Michael French, and Felix Mantke.
View on SEC.gov
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