---
schema_version: "secwatch.filing_event.v1"
accession: "0001777393-24-000003"
form_type: "8-K"
ticker: "CHPT"
cik: "0001777393"
company_name: "ChargePoint Holdings, Inc."
filed_at: "2024-01-10T23:59:59+00:00"
generated_at: "2026-06-07T00:59:50.617682+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ChargePoint cuts 12% of workforce, CCO resigns; sees $33M annual savings

## Summary
- Global workforce reduction of ~12%; expects $14M restructuring charges ($10M severance, $4M facility).
- Annual operating expense savings of ~$33M targeted from the reorganization.
- Chief Commercial & Revenue Officer Michael Hughes resigns effective Feb 29, 2024; transition through May 1.
- CEO Rick Wilmer reaffirms goal of positive non-GAAP adjusted EBITDA in Q4 calendar 2024.
- Cash & equivalents ~$397M; $150M undrawn revolver available.

## SEC filing metadata
- accession: 0001777393-24-000003
- form_type: 8-K
- ticker: CHPT
- cik: 0001777393
- company_name: ChargePoint Holdings, Inc.
- filed_at: 2024-01-10T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1777393/000177739324000003/0001777393-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1777393/000177739324000003/chpt-20240107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001777393-24-000003
- JSON: https://secwatch.observer/filing/0001777393-24-000003.json
- Plain text: https://secwatch.observer/filing/0001777393-24-000003.txt

## Key facts
- Executive change
  Michael Hughes resigned as Chief Commercial and Revenue Officer at ChargePoint Holdings, Inc..
  - Action: resigned
  - Role: Chief Commercial and Revenue Officer
  source text: On January 7, 2024, Michael Hughes notified the Company of his intention to resign from his position as Chief Commercial and Revenue Officer, effective as of February 29, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1777393/000177739324000003/0001777393-24-000003-index.htm
- Restructurings & Charges
  ChargePoint Holdings, Inc. announced a restructuring with charges of approximately $14 million affecting global workforce, facilities (approximately 12%).
  - Type: restructuring
  - Charge: approximately $14 million
  - Affected area: global workforce, facilities
  - Headcount: approximately 12%
  source text: On January 10, 2024, ChargePoint Holdings, Inc. (the "Company") implemented a reorganization of its operations including a reduction of the Company's current global workforce by approximately 12% (the “Reorganization”). The Reorganization is expected to lead to approximately $14 million in restructuring charges, consisting of approximately $10 million in severance and related expenses and approximately $4 million in facility-related expenses.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1777393/000177739324000003/0001777393-24-000003-index.htm

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