Broadwind, Inc. Announces CFO Departure, New Officers & Directors

TL;DR

CFO out, new execs/directors in at Broadwind. Also asset deal news.

AI Summary

Broadwind, Inc. announced on September 8, 2025, the departure of its Chief Financial Officer, John P. Neuffer, effective September 10, 2025. The company also elected new directors and appointed new officers, including the appointment of John P. Neuffer as Chief Accounting Officer. Additionally, the company is reporting on the completion of an acquisition or disposition of assets and providing financial statements and exhibits.

Why It Matters

Changes in key executive positions and board composition can signal shifts in company strategy or financial oversight, impacting investor confidence and operational direction.

Risk Assessment

Risk Level: medium — Executive departures and board changes, coupled with asset disposition news, introduce uncertainty regarding future strategy and financial performance.

Key Players & Entities

• Broadwind, Inc. (company) — Registrant
• John P. Neuffer (person) — Chief Financial Officer and Chief Accounting Officer
• September 8, 2025 (date) — Date of earliest event reported
• September 10, 2025 (date) — Effective date of CFO departure

FAQ

Key Financial Figures

• $0.001 — ge on which registered Common Stock , $0.001 par value BWEN The NASDAQ Capital Mar
• $13,500,000, b — received consideration of approximately $13,500,000, before the payment of transaction expense
• $500,000 — the Seller would receive an additional $500,000 (the "Closing Bonus") if the Transactio

Filing Documents

• bwen20250909_8k.htm (8-K) — 26KB
• ex_860376.htm (EX-2.2) — 12KB
• ex_860392.htm (EX-99.1) — 17KB
• broadwindlogo22020resizedaga.jpg (GRAPHIC) — 5KB
• 0001437749-25-028776.txt ( ) — 200KB
• bwen-20250908.xsd (EX-101.SCH) — 3KB
• bwen-20250908_def.xml (EX-101.DEF) — 11KB
• bwen-20250908_lab.xml (EX-101.LAB) — 15KB
• bwen-20250908_pre.xml (EX-101.PRE) — 11KB
• bwen20250909_8k_htm.xml (XML) — 3KB

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets. On September 8, 2025, Broadwind Heavy Fabrications, Inc. (the "Seller"), a wholly owned subsidiary of Broadwind, Inc. (the "Company"), completed the closing of the previously announced sale of certain assets (the "Transaction") to Wisconsin Heavy Fabrication, LLC (the "Buyer"), a wholly-owned subsidiary of IES Holdings, Inc., pursuant to an Asset Purchase Agreement, dated June 4, 2025, as amended (the "Purchase Agreement"). The assets sold in the Transaction consisted of specified contracts, equipment, machinery and other personal property, and permits used in the Seller's production facility located in Manitowoc, Wisconsin. At the closing of the Transaction, the Seller received consideration of approximately $13,500,000, before the payment of transaction expenses, in the form of cash and the assumption by the Buyer of certain liabilities of the Seller. The Purchase Agreement contemplated that the Seller would receive an additional $500,000 (the "Closing Bonus") if the Transaction closed after July 31, 2025, but before August 31, 2025. The Buyer and the Seller subsequently agreed to extend the deadline to receive the Closing Bonus if the Transaction closed after July 31, 2025, but on or before September 8, 2025. The foregoing description of the terms of the Purchase Agreement is not complete and is qualified in its entirety by reference to the Purchase Agreement, which is included as Exhibit 2.1 to this current report on Form 8-K (this "Current Report"), and to the First Amendment to Asset Purchase Agreement, dated August 21, 2025, which is included as Exhibit 2.2 to this Current Report, the terms of which are incorporated by reference herein.

02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. Daniel E. Schueller, the President of the Seller, resigned from his position on September 8, 2025, in connection with the closing of the Transaction. Mr. Schueller's resignation is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On September 10, 2025, the Company issued a press release announcing the closing of the Transaction, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference solely for purposes of this Item 7.01 disclosure. The information contained and incorporated by reference in Item 7.01 of this Current Report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section. The information in this Item 7.01, including Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any incorporation by reference language in any such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 2.1 Asset Purchase Agreement, dated as of June 4, 2025, by and between Broadwind Heavy Fabrications, Inc. and Wisconsin Heavy Fabrication, LLC (incorporated by reference to Exhibit 10.3 of the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025) 2.2 First Amendment to Asset Purchase Agreement, dated as of August 21, 2025, by and between Broadwind Heavy Fabrications, Inc. and Wisconsin Heavy Fabrication, LLC 99.1 Press Release dated September 10, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. BROADWIND, INC. By: /s/ Eric B. Blashford Eric B. Blashford President and Chief Executive Officer (Principal Executive Officer) Date: September 10, 2025

View Full Filing

View this 8-K filing on SEC EDGAR