--- schema_version: "secwatch.filing_event.v1" accession: "0001477932-24-006056" form_type: "8-K" ticker: null cik: "0001108645" company_name: "Correlate Energy Corp." filed_at: "2024-09-30T23:59:59+00:00" generated_at: "2026-05-31T00:21:36.366711+00:00" event_type: "leadership" sentiment: "neutral" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # Five directors resign from Correlate Energy board; four new directors appointed including new Chairman ## Summary - Between Sept 24-30, 2024, directors Todd Michaels, Jason Loyet, Bob Powell, Cory Hunt, Eli Albrecht resigned from the board. - Board appointed Bill Powers, Frank Forgaciu, Roger Baum, Kerry Lutz to fill four vacancies; Bill Powers named Chairman. - Bill Powers has 19 years experience, founded Mining Stock Education, previously COO at New Era Construction. - Roger Baum has been EVP of Operations since March 2023; experienced in commercial infrastructure and solar. - Frank Forgaciu has been independent consultant since May 2023; entrepreneur with 27+ yrs in construction. ## SEC filing metadata - accession: 0001477932-24-006056 - form_type: 8-K - cik: 0001108645 - company_name: Correlate Energy Corp. - filed_at: 2024-09-30T23:59:59+00:00 - event_type: leadership - sentiment: neutral - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 5.02, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006056/0001477932-24-006056-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006056/cipi_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001477932-24-006056 - JSON: https://secwatch.observer/filing/0001477932-24-006056.json - Plain text: https://secwatch.observer/filing/0001477932-24-006056.txt ## Key facts - Executive change Kerry Lutz was appointed as Director at Correlate Energy Corp.. - Action: appointed - Role: Director source text: the Board appointed each of Bill Powers, Frank Forgaciu, Roger Baum and Kerry Lutz to fill four of the vacancies evidence_url: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006056/0001477932-24-006056-index.htm - Executive change Bob Powell resigned as Director at Correlate Energy Corp.. - Action: resigned - Role: Director source text: Between September 24, 2024 and September 30, 2024, the Company received the resignation of each of the following directors from the Company’s board of directors (“Board”): Todd Michaels, Jason Loyet, Bob Powell, Cory Hunt and Eli Albrecht. evidence_url: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006056/0001477932-24-006056-index.htm - Executive change Cory Hunt resigned as Director at Correlate Energy Corp.. - Action: resigned - Role: Director source text: Between September 24, 2024 and September 30, 2024, the Company received the resignation of each of the following directors from the Company’s board of directors (“Board”): Todd Michaels, Jason Loyet, Bob Powell, Cory Hunt and Eli Albrecht. evidence_url: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006056/0001477932-24-006056-index.htm - Executive change Jason Loyet resigned as Director at Correlate Energy Corp.. - Action: resigned - Role: Director source text: Between September 24, 2024 and September 30, 2024, the Company received the resignation of each of the following directors from the Company’s board of directors (“Board”): Todd Michaels, Jason Loyet, Bob Powell, Cory Hunt and Eli Albrecht. evidence_url: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006056/0001477932-24-006056-index.htm - Executive change Roger Baum was appointed as Director at Correlate Energy Corp.. - Action: appointed - Role: Director source text: Roger Baum was appointed to serve as a member of the Board on September 30, 2024 and since March 2023 has been Executive Vice President of Operations. evidence_url: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006056/0001477932-24-006056-index.htm - Executive change Flaviu Forgaciu was appointed as Director at Correlate Energy Corp.. - Action: appointed - Role: Director source text: Flaviu Forgaciu was appointed to serve as a member of the Board on September 30, 2024. evidence_url: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006056/0001477932-24-006056-index.htm - Executive change Bill Powers was appointed as Chairman of the Board at Correlate Energy Corp.. - Action: appointed - Role: Chairman of the Board source text: William Powers was appointed to serve as a member of the Board on September 30, 2024 and was also named as the Chairman of the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006056/0001477932-24-006056-index.htm - Executive change Eli Albrecht resigned as Director at Correlate Energy Corp.. - Action: resigned - Role: Director source text: Between September 24, 2024 and September 30, 2024, the Company received the resignation of each of the following directors from the Company’s board of directors (“Board”): Todd Michaels, Jason Loyet, Bob Powell, Cory Hunt and Eli Albrecht. evidence_url: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006056/0001477932-24-006056-index.htm - Executive change Todd Michaels resigned as Director at Correlate Energy Corp.. - Action: resigned - Role: Director source text: Between September 24, 2024 and September 30, 2024, the Company received the resignation of each of the following directors from the Company’s board of directors (“Board”): Todd Michaels, Jason Loyet, Bob Powell, Cory Hunt and Eli Albrecht. evidence_url: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006056/0001477932-24-006056-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.