Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
William J. Anderson was terminated as Chief Executive Officer at SunPower Inc..
- Action
- terminated
- Role
- Chief Executive Officer
Exact text from the filing
On January 16, 2024, in connection with the Workforce Reduction, the Company terminated Mr. W. Anderson’s employment with the Company, effective as of January 16, 2024
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Executive change
SEC 8-K Item 5.02
confidence 0.95
David Anderson was terminated as Chief Marketing Officer at SunPower Inc..
- Action
- terminated
- Role
- Chief Marketing Officer
Exact text from the filing
on January 16, 2024, and in connection with the Workforce Reduction, the Company terminated David Anderson’s employment as the Company’s Chief Marketing Officer and Head of Strategic Partnerships, effective as of January 16, 2024
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
SunPower Inc. announced a restructuring with charges of approximately $0.98 million (approximately 15 employees and 19 contractors, constituting approximately 14% of the Company’s workforce).
- Type
- restructuring
- Charge
- approximately $0.98 million
- Headcount
- approximately 15 employees and 19 contractors, constituting approximately 14% of the Company’s workforce
Exact text from the filing
will result in approximately $3.4 million in cost savings in 2024. The Company estimates that it will incur charges associated with the Workforce Reduction of approximately $0.98 million, primarily related to employee severance payments, benefits and related termination costs. The Company expects to recognize the majority of these charges in the first quarter of
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