---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-015169"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2022-03-25T23:59:59+00:00"
generated_at: "2026-06-26T17:33:31.811845+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# President Tod Hynes resigns from XL Fleet; gets $479,375 separation

## Summary
- Tod Hynes resigned as President and from the Board of Directors effective March 21, 2022.
- Separation includes a lump-sum payment of $479,375 and 9 months of employer-paid COBRA.
- Hynes will chair the Company's advisory board post-resignation.
- Agreement includes customary non-solicitation, cooperation, and mutual release clauses.

## SEC filing metadata
- accession: 0001213900-22-015169
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2022-03-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000121390022015169/0001213900-22-015169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000121390022015169/ea157370-8k_xlfleetcorp.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-015169
- JSON: https://secwatch.observer/filing/0001213900-22-015169.json
- Plain text: https://secwatch.observer/filing/0001213900-22-015169.txt

## Key facts
- Executive change
  Thomas (Tod) Hynes III resigned as President at SPRUCE POWER HOLDING CORP.
  - Action: resigned
  - Role: President
  source text: On March 21, 2022, Thomas (Tod) Hynes III resigned as the Company’s President and from its Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000121390022015169/0001213900-22-015169-index.htm
- Executive change
  Thomas (Tod) Hynes III resigned as Director at SPRUCE POWER HOLDING CORP.
  - Action: resigned
  - Role: Director
  source text: On March 21, 2022, Thomas (Tod) Hynes III resigned as the Company’s President and from its Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000121390022015169/0001213900-22-015169-index.htm

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