Spruce Power appoints Christopher Hayes as CEO, Audrey Lee as director effective April 12

SPRUCE POWER HOLDING CORP

Christopher Hayes, previously Chair, appointed CEO and President, effective April 12, 2024, succeeding Christian Fong.
Fong receives severance: 18 months base salary ($650k) plus 1.5x target bonus, equity acceleration, and COBRA lump sum.
Hayes gets $650k base salary, 100% target bonus, and equity award valued at 170% of base salary ($1.105M) vesting over 4 years.
Audrey Lee appointed as Class C director and to Compensation and Nominating/Governance Committees.
This 8-K/A corrects background information of Mr. Hayes from the original April 15 filing.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Christian Fong

Chief Executive Officer and President

SPRU · SPRUCE POWER HOLDING CORP

Effective: 2024-04-12
Successor: Christopher Hayes
Filed: April 25, 2024, 7:59 PM ET

Mr. Hayes succeeds Christian Fong, whose separation from the Company and resignation as a director is effective as of the Transition Date.

Appointed

Christopher Hayes

Chief Executive Officer and President

SPRU · SPRUCE POWER HOLDING CORP

Effective: 2024-04-12
Filed: April 25, 2024, 7:59 PM ET

On April 12, 2024, the Board of Directors of the Company appointed Mr. Christopher Hayes, as Chief Executive Officer and President of the Company, effective April 12, 2024

Appointed

John Miller

Lead Director

SPRU · SPRUCE POWER HOLDING CORP

Filed: April 25, 2024, 7:59 PM ET

John Miller, Chair of Nominating and Governance Committee and the newly appointed Lead Director of the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Christian Fong resigned as Chief Executive Officer and President at SPRUCE POWER HOLDING CORP.

Action: resigned
Role: Chief Executive Officer and President

Exact text from the filing

Mr. Hayes succeeds Christian Fong, whose separation from the Company and resignation as a director is effective as of the Transition Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Christopher Hayes was appointed as Chief Executive Officer and President at SPRUCE POWER HOLDING CORP.

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

On April 12, 2024, the Board of Directors of the Company appointed Mr. Christopher Hayes, as Chief Executive Officer and President of the Company, effective April 12, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

John Miller was appointed as Lead Director at SPRUCE POWER HOLDING CORP.

Action: appointed
Role: Lead Director

Exact text from the filing

John Miller, Chair of Nominating and Governance Committee and the newly appointed Lead Director of the Board

View on SEC.gov

SPRUCE POWER HOLDING CORP filing history →

Source: SEC EDGAR

accession 0001213900-24-036254

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