Complete Solaria CEO Chris Lundell steps down; severance agreement approved

SunPower Inc.

Chris Lundell stepped down as CEO on April 24, 2024; remains on board of directors.
Severance includes 6 months base salary paid over 6 months starting 60 days post-separation.
COBRA premium reimbursement for up to 12 months; alternative cash payment if nondiscrimination rules violated.
350,000 stock options granted: 100,000 vest immediately; 250,000 vest monthly over 5 years.
Retains 94,452 board options granted December 3, 2023.

item 5.02

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Departed

Chris Lundell

Chief Executive Officer

SPWR · SunPower Inc.

Effective: 2024-04-24
Filed: May 23, 2024, 7:59 PM ET

Chris Lundell had stepped down as the Company’s Chief Executive Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Chris Lundell departed as Chief Executive Officer at SunPower Inc..

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

Chris Lundell had stepped down as the Company’s Chief Executive Officer.

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SunPower Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-046258

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