Wolfspeed CFO Departs; Interim Appointed, New Directors Elected
Ticker: WOLF · Form: 8-K · Filed: Nov 18, 2024 · CIK: 895419
| Field | Detail |
|---|---|
| Company | Wolfspeed, INC. (WOLF) |
| Form Type | 8-K |
| Filed Date | Nov 18, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.00125 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, board-of-directors, cfo-departure
Related Tickers: WOLF
TL;DR
Wolfspeed CFO out, interim in. Two new board members join. #LeadershipChange
AI Summary
On November 12, 2024, Wolfspeed, Inc. announced the departure of its Chief Financial Officer, Robert J. Bayless. The company has appointed Sara A. Human-Vogelsang as the interim CFO. Wolfspeed also announced the election of two new directors, Dr. John C. Miller and Mr. David L. Bodner, to its Board of Directors.
Why It Matters
The departure of a CFO and appointment of an interim can signal strategic shifts or internal challenges, while new board members may bring fresh perspectives or influence future company direction.
Risk Assessment
Risk Level: medium — Changes in key financial leadership and board composition can introduce uncertainty regarding financial strategy and corporate governance.
Key Players & Entities
- Wolfspeed, Inc. (company) — Registrant
- Robert J. Bayless (person) — Departing Chief Financial Officer
- Sara A. Human-Vogelsang (person) — Interim Chief Financial Officer
- Dr. John C. Miller (person) — Newly Elected Director
- Mr. David L. Bodner (person) — Newly Elected Director
- November 12, 2024 (date) — Date of Earliest Event Reported
FAQ
Who has been appointed as the interim Chief Financial Officer of Wolfspeed, Inc.?
Sara A. Human-Vogelsang has been appointed as the interim Chief Financial Officer.
Who has departed from their role as Chief Financial Officer at Wolfspeed, Inc.?
Robert J. Bayless has departed from his role as Chief Financial Officer.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on November 12, 2024.
How many new directors were elected to Wolfspeed, Inc.'s Board of Directors?
Two new directors, Dr. John C. Miller and Mr. David L. Bodner, were elected.
What is Wolfspeed, Inc.'s state of incorporation?
Wolfspeed, Inc. is incorporated in North Carolina.
Filing Stats: 895 words · 4 min read · ~3 pages · Grade level 10.6 · Accepted 2024-11-18 07:05:52
Key Financial Figures
- $0.00125 — nge on which registered Common Stock, $0.00125 par value WOLF New York Stock Excha
Filing Documents
- d915019d8k.htm (8-K) — 29KB
- d915019dex991.htm (EX-99.1) — 11KB
- g915019g1118073956279.jpg (GRAPHIC) — 2KB
- 0001193125-24-260426.txt ( ) — 164KB
- wolf-20241112.xsd (EX-101.SCH) — 3KB
- wolf-20241112_lab.xml (EX-101.LAB) — 17KB
- wolf-20241112_pre.xml (EX-101.PRE) — 11KB
- d915019d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description of Exhibit 99.1 Press release dated November 18, 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/ Bradley D. Kohn Bradley D. Kohn Senior Vice President and General Counsel Date: November 18, 2024