---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-000598"
form_type: "8-K"
ticker: "ASTI"
cik: "0001350102"
company_name: "Ascent Solar Technologies, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:03:58.343354+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ascent Solar terminates CEO Jeffrey Max; appoints CFO Paul Warley as CEO

## Summary
- Jeffrey Max terminated as President & CEO effective April 26, 2023.
- Paul Warley appointed President & CEO effective May 1, 2023; remains interim CFO.
- Warley joined Ascent in Dec 2022 as CFO; previously led Warley & Company LLC.
- Warley served as CEO/CFO of 360Imaging (2018-2019); held senior roles at GE Capital, Deloitte, Bank of America.
- Warley previously provided corporate finance consulting to BD1 Investment Holding, ASTI's largest stockholder.

## SEC filing metadata
- accession: 0001079973-23-000598
- form_type: 8-K
- ticker: ASTI
- cik: 0001350102
- company_name: Ascent Solar Technologies, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1350102/000107997323000598/0001079973-23-000598-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1350102/000107997323000598/asti_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-000598
- JSON: https://secwatch.observer/filing/0001079973-23-000598.json
- Plain text: https://secwatch.observer/filing/0001079973-23-000598.txt

## Key facts
- Executive change
  Jeffrey Max was terminated as President and Chief Executive Officer at Ascent Solar Technologies, Inc..
  - Action: terminated
  - Role: President and Chief Executive Officer
  source text: On April 26, 2023, the board of directors of Ascent Solar Technologies, Inc. (“ASTI” or the “Company”) terminated Jeffrey Max as the Company’s President and Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997323000598/0001079973-23-000598-index.htm
- Executive change
  Paul Warley was appointed as President and Chief Executive Officer at Ascent Solar Technologies, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On May 1, 2023, the Company’s board of directors appointed Paul Warley as the Company’s President and Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997323000598/0001079973-23-000598-index.htm

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