{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-22-002729","form_type":"8-K","ticker":"CGEH","cik":"0001009759","company_name":"Capstone Energy Plus, Inc.","filed_at":"2022-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:04:05.029966+00:00","generated_at":"2026-06-27T01:49:05.247202+00:00","sec_items":["5.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Capstone furloughs 55% of workforce, cuts executive pay as it shifts to Energy-as-a-Service model","bullets":["CRO James Crouse terminated effective April 1, 2022; CAO Neshan Tavitian furloughed for 120 days.","CFO Frederick Hencken assumes additional role as CAO; CEO and CFO take 25% base salary reduction for 120 days.","Approximately 55% of direct workforce furloughed or pay reduced beginning Feb 28, 2022; furloughed eligible for unemployment.","Plan aims to reach consistent quarterly positive adjusted EBITDA, aligning cost structure with growing EaaS rental revenues."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-22-002729","json":"https://secwatch.observer/filing/0001558370-22-002729.json","markdown":"https://secwatch.observer/filing/0001558370-22-002729.md","text":"https://secwatch.observer/filing/0001558370-22-002729.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1009759/000155837022002729/0001558370-22-002729-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1009759/000155837022002729/cgrn-20220225x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T01:49:05.247202+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"05ae82943f","claim":"Neshan Tavitian departed as Chief Accounting Officer at Capstone Energy Plus, Inc..","evidence_excerpt":"the Company also furloughed Neshan “Nino” Tavitian, the Company’s Chief Accounting Officer, effective February 28, 2022, for 120 days.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009759/000155837022002729/0001558370-22-002729-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"furloughed"},{"label":"Role","value":"Chief Accounting Officer"}],"fact_type":"executive_change"},{"claim_id":"63e6654f68","claim":"Frederick S. Hencken III changed role as Chief Accounting Officer at Capstone Energy Plus, Inc..","evidence_excerpt":"In his absence, Mr. Frederick S. Hencken III has assumed the role of Chief Accounting Officer.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009759/000155837022002729/0001558370-22-002729-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"assumed the role of Chief Accounting Officer"},{"label":"Role","value":"Chief Accounting Officer"}],"fact_type":"executive_change"},{"claim_id":"900352476b","claim":"James Crouse was terminated as Chief Revenue Officer at Capstone Energy Plus, Inc..","evidence_excerpt":"the employment of James Crouse, the Chief Revenue Officer of the Company, will terminate effective April 1, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1009759/000155837022002729/0001558370-22-002729-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Revenue Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}