---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-032781"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T22:59:24.668585+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Spruce Power appoints Chairman Chris Hayes as CEO, replacing Christian Fong; Dr. Audrey Lee joins board

## Summary
- Chris Hayes appointed CEO and President effective April 12, 2024; remains Chairman of the Board.
- Christian Fong resigns as CEO and director; eligible for severance of 18 months base salary ($650k) plus 1.5x target bonus, equity acceleration, COBRA.
- Dr. Audrey Lee appointed as Class C director; currently Senior Director of Datacenter Energy Strategy at Microsoft.
- Hayes compensation: $650k base salary, 100% target bonus, equity award valued at 170% of base salary (70% options, 30% RSUs) vesting over 4 years.
- Hayes cites initiatives to leverage 75,000 home solar assets into a managed service platform for organic growth.

## SEC filing metadata
- accession: 0001213900-24-032781
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000121390024032781/0001213900-24-032781-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000121390024032781/ea0203901-8k_spruce.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-032781
- JSON: https://secwatch.observer/filing/0001213900-24-032781.json
- Plain text: https://secwatch.observer/filing/0001213900-24-032781.txt

## Key facts
- Executive change
  Christopher Hayes was appointed as Chief Executive Officer and President at SPRUCE POWER HOLDING CORP.
  - Action: appointed
  - Role: Chief Executive Officer and President
  source text: appointed Mr. Christopher Hayes, as Chief Executive Officer and President of the Company, effective April 12, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000121390024032781/0001213900-24-032781-index.htm
- Executive change
  Christian Fong resigned as Chief Executive Officer and Director at SPRUCE POWER HOLDING CORP.
  - Action: resigned
  - Role: Chief Executive Officer and Director
  source text: Mr. Hayes succeeds Christian Fong, whose separation from the Company and resignation as a director is effective as of the Transition Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000121390024032781/0001213900-24-032781-index.htm

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