---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-005372"
form_type: "8-K"
ticker: "SPWR"
cik: "0001838987"
company_name: "SunPower Inc."
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:46:44.289623+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Complete Solaria cuts ~14% workforce (15 employees, 19 contractors); terminates former CEO and CMO

## Summary
- Workforce reduction of ~15 employees and 19 contractors (~14% of workforce) announced Jan 16, 2024.
- Estimated severance charges of ~$0.98M, mostly in Q1 2024; anticipates $3.4M in cost savings in 2024.
- Former CEO William J. Anderson terminated as employee, remains on board and advisory role under consulting agreement.
- CMO David Anderson also terminated; both receive 12 months base salary severance, COBRA, and 50% unvested option acceleration.

## SEC filing metadata
- accession: 0001213900-24-005372
- form_type: 8-K
- ticker: SPWR
- cik: 0001838987
- company_name: SunPower Inc.
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838987/000121390024005372/0001213900-24-005372-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838987/000121390024005372/ea191992-8k_complete.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-005372
- JSON: https://secwatch.observer/filing/0001213900-24-005372.json
- Plain text: https://secwatch.observer/filing/0001213900-24-005372.txt

## Key facts
- Executive change
  William J. Anderson was terminated as Chief Executive Officer at SunPower Inc..
  - Action: terminated
  - Role: Chief Executive Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390024005372/0001213900-24-005372-index.htm
- Executive change
  David Anderson was terminated as Chief Marketing Officer at SunPower Inc..
  - Action: terminated
  - Role: Chief Marketing Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390024005372/0001213900-24-005372-index.htm
- Restructurings & Charges
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838987/000121390024005372/0001213900-24-005372-index.htm

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