---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-22-001542"
form_type: "8-K"
ticker: "ASTI"
cik: "0001350102"
company_name: "Ascent Solar Technologies, Inc."
filed_at: "2022-12-12T23:59:59+00:00"
generated_at: "2026-06-21T06:01:45.117135+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ascent Solar appoints Paul Warley as CFO, replacing Michael Gilbreth

## Summary
- Michael Gilbreth resigned as CFO effective Dec 11, 2022; no disagreement with company.
- Paul Warley appointed CFO effective Dec 12; 30+ years experience in restructuring, M&A.
- Employment agreement: base salary $305k, rising to $350k after $10M capital raise; bonus up to 75% of base.
- Inducement RSU grant of 700,000 shares; 20% vested on grant, remainder over 36 months.
- Separation agreement with Gilbreth: 10 weeks' salary ($35,577) plus $111k bonus, paid in installments.

## SEC filing metadata
- accession: 0001079973-22-001542
- form_type: 8-K
- ticker: ASTI
- cik: 0001350102
- company_name: Ascent Solar Technologies, Inc.
- filed_at: 2022-12-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001542/0001079973-22-001542-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001542/asti_8k-121222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-22-001542
- JSON: https://secwatch.observer/filing/0001079973-22-001542.json
- Plain text: https://secwatch.observer/filing/0001079973-22-001542.txt

## Key facts
- Executive change
  Paul Warley was appointed as Chief Financial Officer at Ascent Solar Technologies, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Effective December 12, 2022, the Company’s board of directors appointed Paul Warley as the Company’s new Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001542/0001079973-22-001542-index.htm
- Executive change
  Michael Gilbreth resigned as Chief Financial Officer at Ascent Solar Technologies, Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: Effective December 11, 2022, Michael Gilbreth resigned from his position as Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997322001542/0001079973-22-001542-index.htm

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