---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-006237"
form_type: "8-K"
ticker: null
cik: "0001108645"
company_name: "Correlate Energy Corp."
filed_at: "2024-10-08T23:59:59+00:00"
generated_at: "2026-05-30T17:42:31.446335+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-24-006237
- form_type: 8-K
- cik: 0001108645
- company_name: Correlate Energy Corp.
- filed_at: 2024-10-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006237/0001477932-24-006237-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006237/cipi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-006237
- JSON: https://secwatch.observer/filing/0001477932-24-006237.json
- Plain text: https://secwatch.observer/filing/0001477932-24-006237.txt

## Key facts
- Executive change
  Todd Michaels resigned as Chief Executive Officer at Correlate Energy Corp..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On October 4, 2024, the Company received the resignation of Todd Michaels as CEO
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006237/0001477932-24-006237-index.htm
- Executive change
  Todd Michaels resigned as President at Correlate Energy Corp..
  - Action: resigned
  - Role: President
  source text: In connection with Mr. Michaels resignation as CEO, and as President to be effective on October 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006237/0001477932-24-006237-index.htm
- Executive change
  Flaviu Forgaciu was appointed as Chief Executive Officer at Correlate Energy Corp..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1108645/000147793224006237/0001477932-24-006237-index.htm

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