---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-036254"
form_type: "8-K/A"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:09:57.201095+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-036254
- form_type: 8-K/A
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000121390024036254/0001213900-24-036254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000121390024036254/ea0204714-8ka1_spruce.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-036254
- JSON: https://secwatch.observer/filing/0001213900-24-036254.json
- Plain text: https://secwatch.observer/filing/0001213900-24-036254.txt

## Key facts
- Executive change
  Christian Fong resigned as Chief Executive Officer and President at SPRUCE POWER HOLDING CORP.
  - Action: resigned
  - Role: Chief Executive Officer and President
  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/1772720/000121390024036254/0001213900-24-036254-index.htm
- 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: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000121390024036254/0001213900-24-036254-index.htm
- Executive change
  John Miller was appointed as Lead Director at SPRUCE POWER HOLDING CORP.
  - Action: appointed
  - Role: Lead Director
  source text: John Miller, Chair of Nominating and Governance Committee and the newly appointed Lead Director of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1772720/000121390024036254/0001213900-24-036254-index.htm

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