---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-000632"
form_type: "8-K"
ticker: "ASTI"
cik: "0001350102"
company_name: "Ascent Solar Technologies, Inc."
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T12:31:49.598753+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001079973-23-000632
- form_type: 8-K
- ticker: ASTI
- cik: 0001350102
- company_name: Ascent Solar Technologies, Inc.
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1350102/000107997323000632/0001079973-23-000632-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1350102/000107997323000632/asti_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-000632
- JSON: https://secwatch.observer/filing/0001079973-23-000632.json
- Plain text: https://secwatch.observer/filing/0001079973-23-000632.txt

## Key facts
- 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/1350102/000107997323000632/0001079973-23-000632-index.htm

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