Wolfspeed Files Proxy Supplement

TL;DR

Wolfspeed dropped more proxy docs, check 'em.

AI Summary

Wolfspeed, Inc. filed a Definitive Additional Materials filing (DEFA14A) on November 20, 2024. This filing supplements their proxy statement, indicating it's a solicitation material under Rule 14a-12. The company, formerly known as Cree, Inc., is based in Durham, NC, and operates in the semiconductors industry.

Why It Matters

This filing provides additional information to shareholders regarding matters to be voted on at an upcoming meeting, impacting their understanding of corporate governance and strategic decisions.

Risk Assessment

Risk Level: low — This filing is a routine supplement to a proxy statement and does not contain new financial information or significant corporate actions.

Key Players & Entities

• WOLFSPEED, INC. (company) — Registrant
• CREE, INC. (company) — Former company name
• 4600 SILICON DR (location) — Business and Mail Address
• DURHAM (location) — City
• NC (location) — State
• 27703 (location) — ZIP Code

FAQ

Filing Documents

• defa14a2024-proxysupplement.htm (DEFA14A) — 37KB
• wolfspeed_logoa.jpg (GRAPHIC) — 51KB
• 0000895419-24-000103.txt ( ) — 109KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant x Filed by a Party other than the Registrant Check the appropriate box Preliminary Proxy Statement Confidential, for use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement x Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 WOLFSPEED, INC. (Name of Registrant as Specified In Its Charter) NA (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box) x No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. 1) Title of each class of securities to which transaction applies 2) Aggregate number of securities to which transaction applies 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined) 4) Proposed maximum aggregate value of transaction 5) Total fee paid Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid 2) Form, Schedule or Registration Statement No. 3) Filing Party 4) Date Filed SUPPLEMENT TO THE PROXY STATEMENT DATED OCTOBER 17, 2024 FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON DECEMBER 5, 2024 This proxy statement supplement (this "Supplement"), dated November 20, 2024, supplements the definitive proxy statement on Schedule 14A (the "Proxy Statement") of Wolfspeed, Inc. ("Wolfspeed" or the "Company") dated October 17, 2024 furnished to holders of the Company's common stock in connection with the solicitation of proxies on behalf of the Board of Directors of the Company (the "Board") for use at the Annual Meeting of Shareholders to be held on December 5, 2024 (the "Annual Meeting"), or any adjournment or postponement thereof. Except as specifically supplemented by the information contained in this Supplement, all information set forth in the Proxy Statement continues to apply and should be considered in voting your shares. THE PROXY STATEMENT CONTAINS IMPORTANT INFORMATION AND THIS SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE PROXY STATEMENT. The Annual Meeting will be held virtually at www.virtualshareholdermeeting.comWOLF2024 and in person at the offices of the corporation in the Executive Conference Center, 4408 Silicon Drive, Durham, North Carolina 27703, on Thursday, December 5, 2024, at 1200 p.m. local time. The record date for the determination of the holders of the Company's common stock who are entitled to notice of and to vote at the Annual Meeting is October 7, 2024, which is the same record date specified in the Proxy Statement. Important Notice Regarding the Availability of Proxy Materials For the Shareholder Meeting to Be Held on December 5, 2024 The Annual Report, the Proxy Statement, and this Supplement are available on the Internet at www.wolfspeed.comannualmeeting. Pursuant to the Securities and Exchange Commission's "Notice and Access" rules, we are furnishing proxy materials to our shareholders primarily via the Internet. Beginning on or about October 22, 2024, we mailed to our shareholders a Notice of Internet Availability of Proxy Materials, or Notice, containing instructions on how to access our proxy materials on the Internet, including our proxy statement and our Annual Report. The Notice also instructs you on how you can vote using the Internet. Other shareholders, in accordance with their prior requests, have received e-mail notification of how to access our proxy materials and vote via the Internet or by telephone, or have been mailed paper copies of our proxy materials and a proxy card or voting form. Internet distribution of our proxy materials is designed to expedite receipt by shareholders, lower the cost of the annual meeting, and conserve natural resources. If, however, you would prefer to receive printed proxy materials, please follow the instructions included in the Notice. If you have previously elected to receive our proxy materials electronically, you will continue to receive these materials via e-mail unless you elect otherwise. PROPOSAL NO. 1—ELECTION OF DIRECTORS Withdrawal of Nominee for Election to Our Board of Directors On November 18, 2024, the Company announced the departure of its President and Chief Executive Officer, Gregg A. Lowe. Mr. Lowe stepped down from his roles of President and Chief Executive Officer and director on such date and will depart the Company as an employee

View Full Filing

View this DEFA14A filing on SEC EDGAR