WOLFSPEED, INC. — Form 10-K
Filed August 20, 2026 · analyzed by the Periodic Agent
10-K
— Neutral
significance 28/100
What the filing says
Kevin Speirits, Senior Vice President Finance, separated from Wolfspeed effective April 3, 2026. He received $399,750 severance (52 weeks salary), 13 months COBRA subsidy, 6 months outplacement, target bonus, and continued vesting on equity awards scheduled within 12 months post-separation. He serves as consultant through April 2027 (max 10% time commitment) and is subject to non-compete, non-solicit, and confidentiality restrictions.
Why this rating
Mid-level finance executive departure with standard severance; no strategic role indicated; $0.4M cost is ~0.04% of $1B market cap—routine personnel transaction.
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