---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-303285"
form_type: "8-K"
ticker: null
cik: "0001794621"
company_name: "Quanergy Systems, Inc."
filed_at: "2022-12-13T23:59:59+00:00"
generated_at: "2026-06-21T05:35:31.309885+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Quanergy files Chapter 11 to sell business; CEO Kennedy retires, Perkins named CRO

## Summary
- Filed Chapter 11 in Delaware on Dec 13, 2022; intends to sell substantially all assets under Section 363.
- CEO Kevin Kennedy retires effective Dec 31, 2022, remains non-executive chairman.
- Lawrence Perkins appointed Chief Restructuring Officer and President to lead sale process.
- Retention payments approved for CFO ($72.5k), CMO ($67.5k), CRO ($48.3k) to stay through sale.
- Director Lisa Kelley resigned Dec 12, 2022; Board size reduced from 7 to 6.

## SEC filing metadata
- accession: 0001193125-22-303285
- form_type: 8-K
- cik: 0001794621
- company_name: Quanergy Systems, Inc.
- filed_at: 2022-12-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1794621/000119312522303285/0001193125-22-303285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1794621/000119312522303285/d425268d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-303285
- JSON: https://secwatch.observer/filing/0001193125-22-303285.json
- Plain text: https://secwatch.observer/filing/0001193125-22-303285.txt

## Key facts
- Distress & Bankruptcy
  Quanergy Systems, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2022-12-13).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2022-12-13
  source text: On December 13, 2022, Quanergy Systems, Inc. (the “Company”) filed a voluntary petition (Case No. 22-11305) for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware
  evidence_url: https://www.sec.gov/Archives/edgar/data/1794621/000119312522303285/0001193125-22-303285-index.htm
- Executive change
  Lisa Kelley resigned as Board of Directors at Quanergy Systems, Inc..
  - Action: resigned
  - Role: Board of Directors
  source text: On December 9, 2022, Lisa Kelley, a member of the Company’s Board of Directors (the “Board”), notified the Company of her intention to resign from the Board, effective December 12, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1794621/000119312522303285/0001193125-22-303285-index.htm
- Executive change
  Kevin J. Kennedy retired as Chief Executive Officer at Quanergy Systems, Inc..
  - Action: retired
  - Role: Chief Executive Officer
  source text: On December 13, 2022, the Company announced that Mr. Kevin J. Kennedy, Chairman and Chief Executive Officer of the Company, has elected to retire as Chief Executive Officer, effective December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1794621/000119312522303285/0001193125-22-303285-index.htm
- Executive change
  Lawrence Perkins was appointed as Chief Restructuring Officer and President at Quanergy Systems, Inc..
  - Action: appointed
  - Role: Chief Restructuring Officer and President
  source text: On December 12, 2022, the Company appointed Lawrence Perkins as Chief Restructuring Officer and President.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1794621/000119312522303285/0001193125-22-303285-index.htm

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