---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-038752"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:40:53.054849+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Spruce Power names Sarah Weber Wells CFO, effective May 19, 2023; Donald Klein departs

## Summary
- Sarah Weber Wells appointed CFO, effective May 19, 2023; she will also continue as Head of Sustainability.
- Donald Klein's CFO role terminated same date, consistent with previously announced transition.
- Base salary of $145,000/year and severance equal to three months of base salary.
- Wells has served as SVP, Finance and Accounting since September 2022; prior roles at Spruce Power and Cornerstone Building Brands.
- No family relationships with other executive officers or directors.

## SEC filing metadata
- accession: 0001213900-23-038752
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000121390023038752/0001213900-23-038752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000121390023038752/ea178355-8k_sprucepower.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-038752
- JSON: https://secwatch.observer/filing/0001213900-23-038752.json
- Plain text: https://secwatch.observer/filing/0001213900-23-038752.txt

## Key facts
- Executive change
  Sarah Weber Wells was appointed as Chief Financial Officer at SPRUCE POWER HOLDING CORP.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On May 11, 2023, Spruce Power Holding Corporation (the "Company") announced that effective on May 19, 2023, Sarah Weber Wells is appointed as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000121390023038752/0001213900-23-038752-index.htm
- Executive change
  Donald Klein was terminated as Chief Financial Officer at SPRUCE POWER HOLDING CORP.
  - Action: terminated
  - Role: Chief Financial Officer
  source text: Donald Klein's position as Chief Financial Officer of the Company is terminated effective May 19, 2023, consistent with the previously announced transition from XL Fleet to Spruce Power executive management.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000121390023038752/0001213900-23-038752-index.htm

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