Maxeon Solar Technologies Files 6-K Report

TL;DR

Maxeon Solar (MAXN) filed a 6-K, standard foreign issuer report, no major news.

AI Summary

Maxeon Solar Technologies, Ltd. filed a Form 6-K on October 16, 2024. The filing is a Report of Foreign Private Issuer and indicates the company files annual reports under Form 20-F. The company's principal executive office is located in 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 is a routine administrative filing and does not contain material non-public information that would typically impact stock price.

Key Players & Entities

• Maxeon Solar Technologies, Ltd. (company) — Registrant
• 001-39368 (dollar_amount) — Commission File Number
• October 16, 2024 (date) — Date of Report
• Singapore (location) — Principal executive office location

FAQ

From the Filing

0001796898-24-000077.txt : 20241016 0001796898-24-000077.hdr.sgml : 20241016 20241016091806 ACCESSION NUMBER: 0001796898-24-000077 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20241016 FILED AS OF DATE: 20241016 DATE AS OF CHANGE: 20241016 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: 241373444 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-kceoretirementclores.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: October 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): ☐ Maxeon’s Leadership Changes On October 16, 2024, Maxeon Solar Technologies, Ltd. (the “Company”) issued a press release announcing that William Patrick Mulligan III, in connection with his retirement at the end of January 2025, has stepped down as the Company’s Chief Executive Officer (“CEO”) and member of its board of directors (the “Board”), and George Guo, has been appointed CEO and member of its Board, effective October 11, 2024. Mr. M ulligan will aid the leadership transition through January. A copy of the press release is filed herewith as Exhibit 99.1. In compliance with Section 168 of the Companies Act 1967 of Singapore, the Company discloses that in connection with his stepping down as the Company’s CEO and member of the Board and in accordance with his employment agreement, the Company will provide Mr. Mulligan the following: a. lump sum payment of $700,000 reflecting his annual base salary, b. lump sum payment of $48,000 for health insurance coverage, and c. acceleration of 3,368 restrictive stock units and 4,518 performance restricted stock units, which at October 15 closing stock price are valued at $48,735. The aggregate value of the compensation described in clauses a through c above, does not exceed the total emoluments paid to Mr. Mulligan during 2023. Additionally, Lindsey Roon Wiedmann will step down as Chief Legal & Sustainability Officer of the Company effective November 1, 2024. The Company plans to appoint Frank Jeng as Interim Chief Legal Officer effective November 1, 2024. Mrs. Wiedmann’s last date of employment with the Company will be January 10, 2025 to help with transition matters. 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