Maxeon Solar Technologies Files 6-K Report

TL;DR

Maxeon Solar (MAXN) filed a 6-K, confirming 20-F annual reports and Singapore HQ.

AI Summary

Maxeon Solar Technologies, Ltd. filed a Form 6-K on September 19, 2024. The filing is a Report of Foreign Private Issuer and indicates that the company files annual reports under Form 20-F. The principal executive office is located at 8 Marina Boulevard #05-02, Marina Bay Financial Centre, Singapore.

Why It Matters

This filing provides routine updates for foreign private issuers, informing investors about the company's reporting status and administrative details.

Risk Assessment

Risk Level: low — This filing is a routine administrative report and does not contain material financial or operational news.

Key Players & Entities

• Maxeon Solar Technologies, Ltd. (company) — Registrant
• 001-39368 (company) — Commission File Number
• 8 Marina Boulevard #05-02 Marina Bay Financial Centre, Singapore (company) — Principal executive office address
• Form 20-F (company) — Annual report form
• Form 6-K (company) — Filing type

FAQ

From the Filing

0001796898-24-000063.txt : 20240919 0001796898-24-000063.hdr.sgml : 20240919 20240919061155 ACCESSION NUMBER: 0001796898-24-000063 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240919 FILED AS OF DATE: 20240919 DATE AS OF CHANGE: 20240919 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Maxeon Solar Technologies, Ltd. CENTRAL INDEX KEY: 0001796898 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: U0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39368 FILM NUMBER: 241309032 BUSINESS ADDRESS: STREET 1: 8 MARINA BOULEVARD #05-02 STREET 2: MARINA BAY FINANCIAL CENTRE CITY: MARINA BAY STATE: U0 ZIP: 018981 BUSINESS PHONE: 408.457.2302 MAIL ADDRESS: STREET 1: 8 MARINA BOULEVARD #05-02 STREET 2: MARINA BAY FINANCIAL CENTRE CITY: MARINA BAY STATE: U0 ZIP: 018981 FORMER COMPANY: FORMER CONFORMED NAME: Maxeon Solar Technologies, Pte. Ltd. DATE OF NAME CHANGE: 20191213 6-K 1 form6-kcbpupdate.htm 6-K Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 Date of Report: September 2024 Commission File Number: 001-39368 MAXEON SOLAR TECHNOLOGIES, LTD. (Exact Name of registrant as specified in its charter) 8 Marina Boulevard #05-02 Marina Bay Financial Centre 018981, Singapore (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐ Introductory Note Update CBP Detentions As previously reported, in July 2024, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) (the “Company”) experienced its first-ever detentions by US Customs & Border Protection (“CBP”) of modules imported from Mexico into the U.S. These detentions are intended to review whether Maxeon’s products comply with anti-forced labor provisions as set out in the Uyghur Forced Labor Prevention Act (“UFLPA”), signed into law on December 23, 2021. Since then, all of Maxeon’s imports of solar modules into the U.S. have been detained by CBP. These detentions involved both Performance line panels manufactured in the Company’s Mexicali factory for utility scale customers as well as IBC panels manufactured in the Company’s Ensenada factory for DG customers. CBP has explained that these are routine detentions not related to any concerns specific to Maxeon. The Company has received notification from CBP that while CBP made no findings of forced labor in violation of UFLPA, it had determined to exclude the Company’s Performance line and IBC modules from import due to certain documentary deficiencies. On September 17, 2024, CBP provided the Company with the details of these documentary deficiencies and the Company is in the process of gathering this information. The Company intends to submit a protest pursuant to Sections 514 & 514(a), Tariff Act of 1930 as amended, 19 CFR Part 174 et. seq. once the documentation is compiled, and CBP is expected to review and provide its determination within 30 days of the Company’s submission. Incorporation By Reference The information contained in this report is hereby incorporated by reference into the Company’s registration statements on Form F-3 (File No. 333-271971), Form F-3 (File No. 333-265253), Form F-3 (File No. 333-268309), Form S-8 (File No. 333-277501) and Form S-8 (File No. 333-241709), each filed with the Securities and Exch