Wolfspeed Files 2024 Proxy Statement
Ticker: WOLF · Form: DEF 14A · Filed: Oct 17, 2024 · CIK: 895419
| Field | Detail |
|---|---|
| Company | Wolfspeed, INC. (WOLF) |
| Form Type | DEF 14A |
| Filed Date | Oct 17, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, governance, executive-compensation, auditor-ratification
Related Tickers: CREE
TL;DR
Wolfspeed's proxy filing is out - vote on directors & auditors by 12/5.
AI Summary
Wolfspeed, Inc. filed its DEF 14A proxy statement on October 17, 2024, for the fiscal year ending June 30, 2024. The filing details executive compensation, board of directors, and other corporate governance matters. Key proposals include the election of directors and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2025.
Why It Matters
This filing provides shareholders with crucial information regarding the company's leadership, compensation practices, and voting matters, enabling informed participation in corporate governance.
Risk Assessment
Risk Level: low — DEF 14A filings are routine disclosures and do not typically present new financial risks.
Key Numbers
- 2024-12-05 — Annual Meeting Date (Shareholders vote on proposals by this date.)
- 2024-10-17 — Filing Date (Date the DEF 14A was filed with the SEC.)
- 2024-06-30 — Fiscal Year End (The reporting period for the proxy statement.)
Key Players & Entities
- WOLFSPEED, INC. (company) — Filer
- PricewaterhouseCoopers LLP (company) — Proposed Independent Auditor
- NC (location) — State of Incorporation
- DURHAM (location) — Business Address City
FAQ
What is the primary purpose of this DEF 14A filing?
The primary purpose is to provide shareholders with information regarding the annual meeting of stockholders, including proposals to be voted on, director nominations, and executive compensation.
Who is proposed to be ratified as Wolfspeed's independent auditor for the upcoming fiscal year?
PricewaterhouseCoopers LLP is proposed to be ratified as the independent registered public accounting firm for the fiscal year ending June 30, 2025.
When is the deadline for shareholders to vote on the matters presented in this proxy statement?
The filing indicates that the annual meeting is scheduled for December 5, 2024, and shareholders should vote by this date.
What is Wolfspeed, Inc.'s Central Index Key (CIK)?
Wolfspeed, Inc.'s Central Index Key (CIK) is 0000895419.
What was Wolfspeed's former company name?
Wolfspeed, Inc. was formerly known as CREE, INC. (and prior to that, CREE INC and CREE RESEARCH INC /NC/).
Filing Stats: 4,666 words · 19 min read · ~16 pages · Grade level 12.7 · Accepted 2024-10-17 16:00:49
Filing Documents
- wolf-20241017.htm (DEF 14A) — 887KB
- wolf-20241017_g1.jpg (GRAPHIC) — 51KB
- wolf-20241017_g10.jpg (GRAPHIC) — 6KB
- wolf-20241017_g11.jpg (GRAPHIC) — 84KB
- wolf-20241017_g12.jpg (GRAPHIC) — 61KB
- wolf-20241017_g13.jpg (GRAPHIC) — 53KB
- wolf-20241017_g14.jpg (GRAPHIC) — 52KB
- wolf-20241017_g15.jpg (GRAPHIC) — 7KB
- wolf-20241017_g2.jpg (GRAPHIC) — 204KB
- wolf-20241017_g3.jpg (GRAPHIC) — 122KB
- wolf-20241017_g4.jpg (GRAPHIC) — 27KB
- wolf-20241017_g5.jpg (GRAPHIC) — 26KB
- wolf-20241017_g6.jpg (GRAPHIC) — 80KB
- wolf-20241017_g7.jpg (GRAPHIC) — 7KB
- wolf-20241017_g8.jpg (GRAPHIC) — 7KB
- wolf-20241017_g9.jpg (GRAPHIC) — 8KB
- 0000895419-24-000078.txt ( ) — 3551KB
- wolf-20241017.xsd (EX-101.SCH) — 1KB
- wolf-20241017_htm.xml (XML) — 143KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 23 Compensation Discussion and Analysis 23 Compensation Committee Report 37 Summary of Cash and Certain Other Compensation 38 Grants of Equity and Non-Equity Incentive Awards 39 Outstanding Equity Awards 40 Stock Option Exercises and Vesting of Restricted Stock 41 Potential Payments upon Termination or Change in Control 42 CEO Pay Ratio Disclosure 49 Table of Contents Equity Compensation Plans 50 Pay Versus Performance Disclosure 51 DIRECTOR COMPENSATION 55 Summary of Cash and Certain Other Compensation 55 Summary of Director Compensation Program 56 Compensation Committee Interlocks and Insider Participation 56 PROPOSAL NO. 2—RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS 57 Report of the Audit Committee 57 Independent Auditor Fee Information 58 PROPOSAL NO. 3—ADVISORY (NONBINDING) VOTE TO APPROVE EXECUTIVE COMPENSATION 59 OTHER MATTERS 61 Other Business 61 2025 Annual Meeting of Shareholders 61 Procedures for Director Nominations 61 Shareholder and Interested Party Communications with Directors 62 Costs of Soliciting Proxies 62 Availability of Report on Form 10-K 62 Shareholders Sharing the Same Last Name and Address 62 Principal Executive Offices and Annual Meeting Location 63 Table of Contents WOLFSPEED, INC. ____________________ PROXY STATEMENT ____________________ 2024 PROXY SUMMARY This summary highlights information contained in this proxy statement. The summary does not contain all of the information that you should consider; please read the entire proxy statement carefully before voting. Annual Meeting of Shareholders Place: Virtually at www.virtualshareholdermeeting.com/WOLF2024 and in person at our corporate offices in the Executive Conference Center, 4408 Silicon Drive, Durham, North Carolina 27703 Date and time: Thursday, December 5, 2024, at 12:00 p.m. Record Date: October 7, 2024 Approximate Date of Availability of Proxy Materials : October 22, 202