CEO Todd Michaels resigns, board member Flaviu Forgaciu appointed as CEO

Correlate Energy Corp.

CEO Todd Michaels resigned Oct 4, 2024; will remain President until Oct 31, 2024.
Board member Flaviu Forgaciu appointed as CEO effective Oct 4, 2024.
Separation agreement extends $230k in promissory notes to Apr 15, 2025; due on change of control.
Michaels to receive $20,834 for Oct salary and $109,375 accrued salary by Dec 31, 2024.

item 5.02 item 9.01

Executive movements

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Departed

Todd Michaels

Chief Executive Officer

Correlate Energy Corp.

Effective: 2024-10-04
Successor: Flaviu Forgaciu
Filed: October 8, 2024, 7:59 PM ET

On October 4, 2024, the Company received the resignation of Todd Michaels as CEO

Departed

Todd Michaels

President

Correlate Energy Corp.

Effective: 2024-10-31
Filed: October 8, 2024, 7:59 PM ET

In connection with Mr. Michaels resignation as CEO, and as President to be effective on October 31, 2024

Appointed

Flaviu Forgaciu

Chief Executive Officer

Correlate Energy Corp.

Effective: 2024-10-04
Filed: October 8, 2024, 7:59 PM ET

On October 4, 2024, the Company’s board of directors appointed Flaviu Forgaciu, a member of the Company’s board of directors, to fill the role of CEO.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd Michaels resigned as Chief Executive Officer at Correlate Energy Corp..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On October 4, 2024, the Company received the resignation of Todd Michaels as CEO

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd Michaels resigned as President at Correlate Energy Corp..

Action: resigned
Role: President

Exact text from the filing

In connection with Mr. Michaels resignation as CEO, and as President to be effective on October 31, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Flaviu Forgaciu was appointed as Chief Executive Officer at Correlate Energy Corp..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On October 4, 2024, the Company’s board of directors appointed Flaviu Forgaciu, a member of the Company’s board of directors, to fill the role of CEO.

View on SEC.gov

Source: SEC EDGAR

accession 0001477932-24-006237

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