---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-22-001141"
form_type: "8-K"
ticker: "ASTI"
cik: "0001350102"
company_name: "Ascent Solar Technologies, Inc."
filed_at: "2022-09-22T23:59:59+00:00"
generated_at: "2026-06-23T07:57:49.937207+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ascent Solar CEO Victor Lee resigns; board overhaul with four new directors appointed

## Summary
- 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.

## SEC filing metadata
- accession: 0001079973-22-001141
- form_type: 8-K
- ticker: ASTI
- cik: 0001350102
- company_name: Ascent Solar Technologies, Inc.
- filed_at: 2022-09-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001141/0001079973-22-001141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001141/asti_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-22-001141
- JSON: https://secwatch.observer/filing/0001079973-22-001141.json
- Plain text: https://secwatch.observer/filing/0001079973-22-001141.txt

## Key facts
- Executive change
  Louis Berezovsky was appointed as Director at Ascent Solar Technologies, Inc..
  - Action: appointed
  - Role: Director
  source text: David Peterson, appointed the following four persons as new directors of the Company: Forrest Reynolds, Louis Berezovsky, Michael French, and Felix Mantke.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001141/0001079973-22-001141-index.htm
- Executive change
  Amit Kumar resigned as Director at Ascent Solar Technologies, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001141/0001079973-22-001141-index.htm
- Executive change
  Michael French was appointed as Director at Ascent Solar Technologies, Inc..
  - Action: appointed
  - Role: Director
  source text: David Peterson, appointed the following four persons as new directors of the Company: Forrest Reynolds, Louis Berezovsky, Michael French, and Felix Mantke.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001141/0001079973-22-001141-index.htm
- Executive change
  David Peterson was appointed as Board Chair at Ascent Solar Technologies, Inc..
  - Action: appointed
  - Role: Board Chair
  source text: Mr. Peterson was appointed board chair.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001141/0001079973-22-001141-index.htm
- Executive change
  Will Clarke resigned as Director at Ascent Solar Technologies, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001141/0001079973-22-001141-index.htm
- Executive change
  Kim Huntley resigned as Director at Ascent Solar Technologies, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001141/0001079973-22-001141-index.htm
- Executive change
  Forrest Reynolds was appointed as Director at Ascent Solar Technologies, Inc..
  - Action: appointed
  - Role: Director
  source text: David Peterson, appointed the following four persons as new directors of the Company: Forrest Reynolds, Louis Berezovsky, Michael French, and Felix Mantke.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001141/0001079973-22-001141-index.htm
- Executive change
  Victor Lee resigned as Director at Ascent Solar Technologies, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001141/0001079973-22-001141-index.htm
- Executive change
  Felix Mantke was appointed as Director at Ascent Solar Technologies, Inc..
  - Action: appointed
  - Role: Director
  source text: David Peterson, appointed the following four persons as new directors of the Company: Forrest Reynolds, Louis Berezovsky, Michael French, and Felix Mantke.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001141/0001079973-22-001141-index.htm

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