Paul Warley appointed CEO with $400k base salary, $100k bonus, and 700k RSUs

Ascent Solar Technologies, Inc.

Paul Warley appointed CEO effective May 1, 2023; continues as interim CFO until replacement found.
Base salary $400k/year, one-time bonus $100k, annual cash bonus target up to 75% of base salary.
Received 700k RSUs (inducement grant): 20% vested immediately, 80% vests monthly over 36 months.
Employment term through Dec 31, 2025; severance equals half base salary for remainder of term if terminated without cause or for good reason.
12-month post-termination non-compete; one-time moving allowance up to $30k for relocation to Colorado.

item 1.01 item 5.02 item 9.01

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Appointed

Paul Warley

President and Chief Executive Officer

ASTI · Ascent Solar Technologies, Inc.

Effective: 2023-05-01
Filed: May 8, 2023, 7:59 PM ET

on May 1, 2023, the Company’s board of directors appointed Paul Warley as the Company’s President and Chief Executive Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Warley was appointed as President and Chief Executive Officer at Ascent Solar Technologies, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

on May 1, 2023, the Company’s board of directors appointed Paul Warley as the Company’s President and Chief Executive Officer.

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Ascent Solar Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001079973-23-000632

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