Wolfspeed, Inc. Files 8-K Report
Ticker: WOLF · Form: 8-K · Filed: Oct 22, 2024 · CIK: 895419
| Field | Detail |
|---|---|
| Company | Wolfspeed, INC. (WOLF) |
| Form Type | 8-K |
| Filed Date | Oct 22, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00125, $250,000,000, $500,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, financial-statements, exhibits
TL;DR
Wolfspeed filed an 8-K, mostly financial docs. No major news yet.
AI Summary
On October 22, 2024, Wolfspeed, Inc. filed an 8-K report. The filing primarily concerns financial statements and exhibits, indicating updates or disclosures related to the company's financial performance and operations. No specific new material events or financial figures were detailed in the provided excerpt.
Why It Matters
This 8-K filing by Wolfspeed, Inc. provides an official update to the SEC, which is important for investors and stakeholders to stay informed about the company's financial status and any material disclosures.
Risk Assessment
Risk Level: low — The filing is a standard 8-K report for financial statements and exhibits, not indicating any immediate or significant new risks.
Key Numbers
- 001-40863 — SEC File Number (Identifies the company's filing with the SEC)
- 56-1572719 — IRS Employer Identification Number (Company's tax identification number)
Key Players & Entities
- WOLFSPEED, INC. (company) — Registrant
- CREE, INC. (company) — Former company name
- CREE INC (company) — Former company name
- CREE RESEARCH INC /NC/ (company) — Former company name
- 4600 Silicon Drive Durham North Carolina 27703 (location) — Principal executive offices address
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report financial statements and exhibits, as indicated by the 'ITEM INFORMATION' section.
When was this 8-K report filed?
This 8-K report was filed on October 22, 2024.
What is the exact name of the company filing this report?
The exact name of the company is WOLFSPEED, INC.
What is Wolfspeed, Inc.'s principal executive office address?
Wolfspeed, Inc.'s principal executive office is located at 4600 Silicon Drive, Durham, North Carolina 27703.
Has Wolfspeed, Inc. had previous names?
Yes, Wolfspeed, Inc. was formerly known as CREE, INC., CREE INC, and CREE RESEARCH INC /NC/.
Filing Stats: 628 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-10-22 16:01:29
Key Financial Figures
- $0.00125 — ange on which registered Common Stock, $0.00125 par value WOLF New York Stock Exchange
- $250,000,000 — Inc. (the "Company"), issued the first $250,000,000 tranche of its additional senior secure
- $500,000,000 — ompany can issue and sell an additional $500,000,000 of notes under the A&R Indenture. The
Filing Documents
- wolfspeed-20241022.htm (8-K) — 26KB
- 0000895419-24-000084.txt ( ) — 147KB
- wolfspeed-20241022.xsd (EX-101.SCH) — 2KB
- wolfspeed-20241022_lab.xml (EX-101.LAB) — 21KB
- wolfspeed-20241022_pre.xml (EX-101.PRE) — 12KB
- wolfspeed-20241022_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events On October 22, 2024, Wolfspeed, Inc. (the "Company"), issued the first $250,000,000 tranche of its additional senior secured notes due 2030 (the "Senior Notes") pursuant to (i) that certain Amended and Restated Indenture (the "A&R Indenture"), dated as of October 11, 2024, by and among the Company, Wolfspeed Germany GmbH, as subsidiary guarantor (the "Subsidiary Guarantor"), and U.S. Bank Trust Company, National Association, as the trustee (the "Trustee") and collateral agent (the "Collateral Agent") and (ii) that certain First Supplemental Indenture, dated as of October 22, 2024, by and among the Company, the Subsidiary Guarantor, the Trustee, and the Collateral Agent (the "Supplemental Indenture"). Subject to the fulfillment of certain conditions precedent, the Company can issue and sell an additional $500,000,000 of notes under the A&R Indenture. The above description of the A&R Indenture, the Supplemental Indenture, and the Senior Notes are a summary and are not complete. A copy of the Supplemental Indenture will be filed with the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 29, 2024, and copies of the A&R Indenture and the form of the certificate representing the Senior Notes were filed as Exhibits 10.1 and 4.2 , respectively, to the Company's Current Report on Form 8-K, filed with the U.S. Securities and Exchange Commission on October 15, 2024, the terms of which are incorporated by reference. The above summary is qualified by reference to the terms of the A&R Indenture, the Supplemental Indenture, and the Senior Notes set forth in such exhibits.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description of Exhibit 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: October 22, 2024