secwatch.observer — SEC 8-K summary
======================================

Issuer:     WOLFSPEED, INC. (WOLF)
CIK:        0000895419
Form:       8-K
Filed at:   2025-03-27T23:59:59+00:00
Accession:  0001193125-25-064715
Event type: leadership
Sentiment:  positive
Materiality: 0.80
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolfspeed appoints Robert Feurle as CEO effective May 1, 2025; Thomas Werner returns to Chairman
--------------------------------------------------------------------------------

- Feurle joins from ams-OSRAM, where he led Opto Semiconductors with 10,000+ employees; prior roles at Infineon, Micron.
- Base salary $750K; annual target bonus 100% of salary starting FY2027; $1M sign-on bonus in two installments.
- Equity inducement awards: $2.5M RSUs and $2.5M option on start date; $2M RSUs and $3M PSUs on Aug 1, 2025.
- Glenda Dorchak appointed Governance Chair; Marvin Riley appointed Compensation Chair, effective April 1, 2025.
- Press release highlights focus on operational excellence, accelerating positive free cash flow and balance sheet improvement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895419/000119312525064715/0001193125-25-064715-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895419/000119312525064715/d944887d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-064715

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer