Spruce Power Announces Board & Executive Compensation Changes
Ticker: SPRU · Form: 8-K · Filed: Dec 10, 2025 · CIK: 1772720
Sentiment: neutral
Topics: management-change, compensation, governance
TL;DR
Spruce Power shakes up board, adjusts exec pay.
AI Summary
Spruce Power Holding Corp. announced on December 3, 2025, changes related to its board of directors and executive compensation. The filing details the departure of certain directors, the election of new directors, and updates to compensatory arrangements for its officers. This 8-K filing also includes financial statements and exhibits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can indicate internal shifts that may affect future strategy and performance.
Key Numbers
- 20251203 — Report Date (Date of the earliest event reported)
- 20251209 — Change Date (Date as of change)
- 20251210 — Filing Date (Date the report was filed)
Key Players & Entities
- Spruce Power Holding Corp (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- Denver, Colorado (location) — Principal executive offices
- XL Fleet Corp. (company) — Former company name
- Pivotal Investment Corp II (company) — Former company name
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of certain directors and the election of new directors, though specific names are not detailed in this summary section.
What is the nature of the changes in compensatory arrangements?
The filing mentions updates to compensatory arrangements for certain officers, but the specifics are not provided in this summary.
What is the primary business of Spruce Power Holding Corp?
Spruce Power Holding Corp. is in the ELECTRIC SERVICES industry, with SIC code 4911.
When did Spruce Power Holding Corp. change its name from XL Fleet Corp.?
The company changed its name from XL Fleet Corp. on December 23, 2020.
What are the principal executive offices of Spruce Power Holding Corp?
The principal executive offices are located at 2000 S Colorado Blvd, Suite 2-825, Denver, Colorado 80222.
Filing Stats: 967 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2025-12-09 17:47:11
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share SPRU New York Stock Exchange
- $350,000 — r provides for a minimum base salary of $350,000 per year, an annual short-term incentiv
- $311,250 — restricted stock units with a value of $311,250. The Offer Letter also provides for cha
Filing Documents
- spru-20251203.htm (8-K) — 32KB
- thomascimino-offerletter.htm (EX-10.1) — 8KB
- pressrelease_sprucepoweran.htm (EX-99.1) — 13KB
- image_0a.jpg (GRAPHIC) — 10KB
- thomascimino-offerletter001.jpg (GRAPHIC) — 226KB
- thomascimino-offerletter002.jpg (GRAPHIC) — 264KB
- thomascimino-offerletter003.jpg (GRAPHIC) — 57KB
- 0001628280-25-056196.txt ( ) — 944KB
- spru-20251203.xsd (EX-101.SCH) — 2KB
- spru-20251203_lab.xml (EX-101.LAB) — 21KB
- spru-20251203_pre.xml (EX-101.PRE) — 12KB
- spru-20251203_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On December 8, 2025, the Company issued a press release relating to Mr. Cimino's appointment as Chief Financial Officer of the Company. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. The information in this Item 7.01, including the press release, is being furnished and shall not be deemed "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 that section, nor shall it be deemed incorporated by reference in any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, unless it is specifically incorporated by reference therein.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Offer Letter, dated effective December 1, 2025, between Thomas Cimino and Spruce Power Holding Corporation 99.1 Press Release dated December 8, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 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. SPRUCE POWER HOLDING CORPORATION Date: December 9, 2025 By: /s/ Jonathan M. Norling Name: Jonathan M. Norling Title: Chief Legal Officer 3