---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-001471"
form_type: "8-K"
ticker: "ASTI"
cik: "0001350102"
company_name: "Ascent Solar Technologies, Inc."
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T16:24:13.215075+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Ascent Solar formalizes employment agreements with COO and CFO; base salary $225k

## Summary
- Bobby Gulati (COO) and Jin Jo (CFO) enter employment agreements effective Apr 17, 2023 through Dec 31, 2025.
- Each receives base salary of $225,000/year; one-time bonuses of $25,000 (Gulati) and $45,000 (Jo).
- Eligible for annual incentive bonus up to 60% of base salary based on performance targets.
- Severance: 6/12ths of base salary if terminated without cause, for good reason, or following change of control.
- Post-termination non-compete and non-solicitation covenants for 12 months.

## SEC filing metadata
- accession: 0001079973-23-001471
- form_type: 8-K
- ticker: ASTI
- cik: 0001350102
- company_name: Ascent Solar Technologies, Inc.
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1350102/000107997323001471/0001079973-23-001471-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1350102/000107997323001471/asti_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-001471
- JSON: https://secwatch.observer/filing/0001079973-23-001471.json
- Plain text: https://secwatch.observer/filing/0001079973-23-001471.txt

## Key facts
- Executive change
  Jin Jo was appointed as Chief Financial Officer at Ascent Solar Technologies, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: in Jo as the Company’s new Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1350102/000107997323001471/0001079973-23-001471-index.htm

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