---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-204973"
form_type: "8-K"
ticker: "FTCI"
cik: "0001828161"
company_name: "FTC Solar, Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:32:22.384607+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FTC Solar appoints Anthony Carroll CEO; Q1 revenue falls 47% to $17.3M

## Summary
- Anthony Carroll appointed President/CEO effective April 29, replacing Yann Brandt; Carroll previously CEO of Veev (Lennar) and President of Powin.
- Q1 revenue $17.3M, down 47% QoQ and 17% YoY; GAAP net income $32.6M included warrant gain; non-GAAP net loss $10.5M ($0.67 loss per share).
- Non-GAAP gross loss improved to $0.4M (2.2% margin) from $3.0M in Q1 2025; GAAP gross loss $1.2M (7.1% margin).
- New CEO receives $700k base salary, $900k sign-on bonus (three annual installments), 400k time-based RSUs, and 200k performance RSUs with $10/$20 price hurdles.
- Awarded 1GW 1P tracker agreement with a new leading global offtaker customer.

## SEC filing metadata
- accession: 0001193125-26-204973
- form_type: 8-K
- ticker: FTCI
- cik: 0001828161
- company_name: FTC Solar, Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828161/000119312526204973/0001193125-26-204973-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828161/000119312526204973/ftci-20260429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-204973
- JSON: https://secwatch.observer/filing/0001193125-26-204973.json
- Plain text: https://secwatch.observer/filing/0001193125-26-204973.txt

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