secwatch.observer — SEC 8-K summary
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Issuer:     Correlate Energy Corp. (—)
CIK:        0001108645
Form:       8-K
Filed at:   2024-10-08T23:59:59+00:00
Accession:  0001477932-24-006237
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108645/000147793224006237/0001477932-24-006237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108645/000147793224006237/cipi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-006237

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer