Ascent Solar Technologies, INC. 8-K Filing

Ticker: ASTI · Form: 8-K · Filed: Dec 31, 2025 · CIK: 1350102

Sentiment: neutral

Filing Stats: 866 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2025-12-31 16:30:25

Key Financial Figures

Filing Documents

01 Entry Into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement. On December 31, 2025, the Company entered into new employment agreements with Paul Warley, Chief Executive Officer, Bobby Gulati, Chief Operations Officer, and Jin Jo, Chief Financial Officer. These agreements replace the prior employment agreements with these executives that expired on December 31, 2025. The terms of these new agreements are summarized below.

02 Departure of Directors or Certain Officers: Election of Directors;

Item 5.02 Departure of Directors or Certain Officers: Election of Directors; Appointment of Certain Officer; Compensatory Arrangements of Certain Officers.

02e Compensatory Arrangements of Certain Officers

Item 5.02e Compensatory Arrangements of Certain Officers The employment agreements are effective on January 1, 2026. The employment agreements provide the following: Mr. Warley will receive an annual base salary of $450,000 and will be eligible for a discretionary annual incentive bonus of up to 150% of this base salary if the targets are achieved. Additionally, if the Company terminates Mr. Warley without cause or following a change in control or Mr. Warley terminates employment for good reason, Mr. Warley will be entitled to receive (i) 24 months of base salary, (ii) 12 months of paid health insurance under COBRA, and (iii) full vesting acceleration of any outstanding stock options or other equity incentives. Mr. Warley will also receive a moving allowance of up to $30,000 if he relocates his primary residence to Colorado and the Company will purchase a $1 million life insurance policy that designates his spouse as the beneficiary. Mr. Gulati and Ms. Jo will each receive an annual base salary of $255,000 and will be eligible for a discretionary annual incentive bonus of up to 100% of this base salary if the targets are achieved. Additionally, if the Company terminates Mr. Gulati or Ms. Jo without cause or following a change in control or Mr. Gulati or Ms. Jo terminates employment for good reason, Mr. Gulati or Ms. Jo will be entitled to receive (i) 12 months of base salary, (ii) 12 months of paid health insurance under COBRA, and (iii) full vesting acceleration of any outstanding stock options or other equity incentives. The employment agreements provide that the executives will be eligible to participate in the Company's equity incentive and other standard benefit plans and programs. The employment agreements require the executives to maintain the confidentiality of the Company's proprietary information. The employment agreements also include customary non-competition and non-solicitation provisions that the executives must comply with for a period of 12 mo

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Employment Agreement between the Company and Paul Warley dated January 1, 2026 10.2 Employment Agreement between the Company and Bobby Gulati dated January 1, 2026 10.3 Employment Agreement between the Company and Jin Jo dated January 1, 2026 104 Cover Page Interactive Data File - the cover page iXBRL tags are embedded within the Inline XBRL document

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASCENT SOLAR TECHNOLOGIES, INC. December 31, 2025 By: /s/ Jin Jo Name: Jin Jo Title: Chief Financial Officer

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