Timothy Pohl
On May 8, 2025, the Board appointed Mr. Neal Goldman and Mr. Timothy Pohl to serve as directors on the Board.
Highest-materiality recent filing
TPI Composites enters $20M asset sale agreement with ECP Blade Holdings in Chapter 11
ECP Blade Holdings to pay $20M cash for wind blade manufacturing assets in US and Mexico, plus assumption of liabilities.
TPI Composites sells India/Mexico wind blade assets to Vestas for ~$24M; DIP default triggered
India asset sale to Vestas for $10M cash; closing subject to Bankruptcy Court approval by June 30, 2026.
Sale closed Sept 10, 2025 after U.S. Bankruptcy Court approval; 2,700 Turkish employees transferred.
TPI Composites to sell Turkish subsidiaries to XCS for debt assumption; no cash proceeds
Seller (TPI Holdings) transfers 100% of two Turkish units to XCS Composites for assumption of €92.9M total debt.
Filed voluntary Chapter 11 petitions on August 11, 2025; cases jointly administered in Southern District of Texas.
TPI Composites files Chapter 11; secures up to $82.5M DIP financing from Oaktree
Filed voluntary Chapter 11 petitions in Southern District of Texas to restructure balance sheet.
TPI Composites approves $2.67M in retention bonuses for top executives
CEO William Siwek receives $1,225,459 retention bonus; CFO Ryan Miller $518,155.
Net sales $336.2M (+14.3% YoY); net loss $48.3M improved from $60.9M loss in Q1 2024.
TPI Composites receives Nasdaq deficiency notice for bid price below $1; 180 days to comply
Closing bid price below $1.00 for 30 consecutive business days triggers Nasdaq deficiency letter.
Q4 net sales $346.5M (+17.7%); net loss $49.1M (vs $14.6M net income in Q4 2023, impacted by $82.6M gain on extinguishment).
On May 8, 2025, the Board appointed Mr. Neal Goldman and Mr. Timothy Pohl to serve as directors on the Board.
On May 8, 2025, Edward C. Hall and Jennifer Lowry resigned from the board of directors (the “Board”) of TPI Composites, Inc.
On May 8, 2025, the Board appointed Mr. Neal Goldman and Mr. Timothy Pohl to serve as directors on the Board.
On May 8, 2025, Edward C. Hall and Jennifer Lowry resigned from the board of directors (the “Board”) of TPI Composites, Inc.
Max materiality 1.00 · Median 0.70 · Most common event other_material