First Solar Reports Officer Compensation Changes

TL;DR

**First Solar just filed an 8-K about changes to executive pay and potential officer/director shifts, keep an eye on leadership.**

AI Summary

First Solar, Inc. filed an 8-K on February 16, 2024, reporting an event that occurred on February 13, 2024. The filing pertains to changes in compensatory arrangements for certain officers, as well as potential departures or elections of directors or officers. The company, based in Tempe, Arizona, operates in the semiconductors and related devices industry.

Why It Matters

Changes in executive compensation and officer appointments can signal shifts in company strategy or performance, impacting investor confidence and future operational direction.

Risk Assessment

Risk Level: medium — Changes in executive compensation and officer roles can introduce uncertainty regarding future leadership and strategic direction, posing a medium risk.

Key Numbers

• 20240213 — Conformed Period of Report (Date of the earliest event reported in the 8-K filing.)
• 20240216 — Filed As Of Date (Date the 8-K filing was submitted to the SEC.)
• 001-33156 — SEC File Number (Unique identifier for First Solar's filings with the SEC.)
• (602) 414-9300 — Business Phone (Contact number for First Solar, Inc.)

Key Players & Entities

• FIRST SOLAR, INC. (company) — Registrant
• February 13, 2024 (date) — Date of earliest event reported
• February 16, 2024 (date) — Filed as of date
• Tempe, Arizona (company) — Business address location
• 001-33156 (dollar_amount) — Commission File Number

FAQ

From the Filing

0001274494-24-000002.txt : 20240216 0001274494-24-000002.hdr.sgml : 20240216 20240216164220 ACCESSION NUMBER: 0001274494-24-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240213 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240216 DATE AS OF CHANGE: 20240216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST SOLAR, INC. CENTRAL INDEX KEY: 0001274494 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 204623678 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33156 FILM NUMBER: 24649051 BUSINESS ADDRESS: STREET 1: 350 WEST WASHINGTON STREET STREET 2: SUITE 600 CITY: TEMPE STATE: AZ ZIP: 85288 BUSINESS PHONE: (602) 414-9300 MAIL ADDRESS: STREET 1: 350 WEST WASHINGTON STREET STREET 2: SUITE 600 CITY: TEMPE STATE: AZ ZIP: 85288 FORMER COMPANY: FORMER CONFORMED NAME: FIRST SOLAR HOLDINGS LLC DATE OF NAME CHANGE: 20031229 8-K 1 fslr-20240213.htm FORM 8-K fslr-20240213 0001274494 false 0001274494 2024-02-13 2024-02-13 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 February 13, 2024 Date of Report (Date of earliest event reported) FIRST SOLAR, INC. (Exact name of registrant as specified in its charter) Delaware 001-33156 20-4623678 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 350 West Washington Street, Suite 600 Tempe , Arizona 85288 (Address of principal executive offices, including zip code) ( 602 )  414-9300 (Registrant’s telephone number, including area code) Not applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.001 par value FSLR The NASDAQ Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On February 13, 2024, Richard D. Chapman, George A. (“Chip”) Hambro, and Craig Kennedy each notified First Solar, Inc. (the “Company”) that they will retire as a member of the Company’s Board of Directors (the “Board”) and not stand for re-election at the Company’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”). Each such di