Wolfspeed Files 8-K on Operations & Financial Condition
Ticker: WOLF · Form: 8-K · Filed: Jan 31, 2024 · CIK: 895419
| Field | Detail |
|---|---|
| Company | Wolfspeed, INC. (WOLF) |
| Form Type | 8-K |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00125 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K, semiconductors
TL;DR
**Wolfspeed just dropped an 8-K with fresh financials, time to check their numbers!**
AI Summary
Wolfspeed, Inc. filed an 8-K on January 31, 2024, to report its results of operations and financial condition, along with related financial statements and exhibits. This filing, under SEC File Number 001-40863, indicates that the company is providing updated financial information to the public. For investors, this matters because it offers a fresh look at Wolfspeed's financial health and performance, which can influence stock price and future investment decisions.
Why It Matters
This filing provides investors with the latest financial data for Wolfspeed, Inc., crucial for evaluating the company's performance and making informed investment decisions.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial results and does not inherently introduce new risks, but rather provides information to assess existing ones.
Analyst Insight
A smart investor would review the attached financial statements and results of operations from this 8-K to understand Wolfspeed's current financial health and performance trends before making any investment decisions.
Key Numbers
- $0.00125 — par value per share (par value of Wolfspeed's Common Stock)
Key Players & Entities
- WOLFSPEED, INC. (company) — the registrant filing the 8-K
- January 31, 2024 (date) — date of the earliest event reported and filing date
- 001-40863 (string) — Commission File Number for Wolfspeed, Inc.
- New York Stock Exchange (company) — exchange where Wolfspeed's Common Stock is registered
- WOLF (string) — trading symbol for Wolfspeed, Inc.
FAQ
What is the primary purpose of Wolfspeed, Inc.'s 8-K filing dated January 31, 2024?
The primary purpose of Wolfspeed, Inc.'s 8-K filing on January 31, 2024, is to report its 'Results of Operations and Financial Condition' and to include 'Financial Statements and Exhibits' as per Item Information.
What is Wolfspeed, Inc.'s trading symbol and on which exchange is its common stock registered?
Wolfspeed, Inc.'s trading symbol is WOLF, and its Common Stock, with a $0.00125 par value, is registered on the New York Stock Exchange.
What was Wolfspeed, Inc.'s former company name and when did it change?
Wolfspeed, Inc. was formerly known as CREE, INC., with a name change date of 20190808. Prior to that, it was CREE INC (changed 20000103) and CREE RESEARCH INC /NC/ (changed 19940224).
What is the business address and phone number for Wolfspeed, Inc. as listed in the filing?
The business address for Wolfspeed, Inc. is 4600 Silicon Drive, Durham, North Carolina 27703, and their business phone number is (919) 407-5300.
Under which SEC Act is this 8-K filing made?
This 8-K filing is made under the 1934 Act, as indicated in the 'FILING VALUES' section.
Filing Stats: 525 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-01-31 16:05:41
Key Financial Figures
- $0.00125 — ange on which registered Common Stock, $0.00125 par value WOLF New York Stock Exchange
Filing Documents
- wolf-20240131.htm (8-K) — 26KB
- ex9912qfy2024.htm (EX-99.1) — 322KB
- wolfspeed_logoxrgb-01a.jpg (GRAPHIC) — 155KB
- 0000895419-24-000006.txt ( ) — 690KB
- wolf-20240131.xsd (EX-101.SCH) — 2KB
- wolf-20240131_lab.xml (EX-101.LAB) — 24KB
- wolf-20240131_pre.xml (EX-101.PRE) — 12KB
- wolf-20240131_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On January 31, 2024 , Wolfspeed, Inc. (the "Company") issued a press release announcing results for the fiscal second quarter ended December 31, 2023. The press release is attached as Exhibit 99.1 and incorporated into this report by reference. The information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished under Item 2.02 and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, nor shall such information be deemed incorporated by reference into any filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description of Exhibit 99.1 Press release dated January 31, 2024 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. WOLFSPEED, INC. By: /s/ Neill P. Reynolds Neill P. Reynolds Executive Vice President and Chief Financial Officer Date: January 31, 2024