Tpi Composites, INC

TPI Composites, Inc. announced agreements to sell its India and Mexico wind blade manufacturing operations to Vestas affiliates for a combined $24 million in cash, while also disclosing a default on its debtor-in-possession credit agreement.

James A. Hughes has resigned from the Board of Directors of TPI Composites, Inc., effective November 3, 2025.

TPI Composites, Inc. completed the sale of its Turkish wind blade manufacturing and service businesses, TPI Trkiye, to XCS Composites L.L.C-FZ, shedding significant liabilities.

TPI Composites, currently in Chapter 11, has entered a binding agreement to sell its two Turkish subsidiaries, offloading approximately €92.9 million in liabilities.

TPI Composites, Inc. and its subsidiaries have filed for Chapter 11 bankruptcy to restructure operations and debt, securing $82.5 million in debtor-in-possession financing.

TPI Composites, Inc. and its domestic subsidiaries have initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court to facilitate a comprehensive restructuring and secure up to $82.5 million in debtor-in-possession financing.

TPI Composites, Inc. reports significant losses and ongoing Chapter 11 bankruptcy proceedings, with common stock delisted from Nasdaq and trading on OTC Pink.

TPI Composites, a leading wind blade manufacturer, filed for Chapter 11 bankruptcy on August 11, 2025, citing substantial doubt about its ability to continue as a going concern, with common stock holders expected to receive no recovery.

TPI Composites' Q1 2025 results show increased net sales but a continued net loss, as the company grapples with market challenges and initiates a strategic review.

TPI Composites' Q3 2024 results show a net loss, impacted by restructuring and market challenges, despite some revenue gains in specific segments.

TPI Composites' second quarter results reveal a widened net loss, impacted by restructuring costs, decreased sales, and ongoing market headwinds.

TPI Composites experienced a significant decrease in revenue and a net loss in the first quarter of 2024, primarily due to reduced wind blade production and increased startup costs.

TPI Composites, an independent wind blade manufacturer, filed for Chapter 11 bankruptcy, was delisted from Nasdaq, and is selling substantially all its assets amid significant financial and operational challenges.

TPI Composites files an amendment to its 2024 Annual Report on Form 10-K to include previously omitted information regarding directors, executive officers, corporate governance, and executive compensation.

TPI Composites divests automotive business, focuses on core wind blade manufacturing amid fluctuating demand and inflationary pressures, while implementing strategic restructuring in Trkiye.

TPI Composites faced a challenging 2023 with a net loss, impacted by restructuring costs, quality issues, and fluctuating market conditions, while also making strategic moves to optimize its global footprint and secure future growth.

TPI Composites' Chief Operating Officer, Charles Stroo, vested 62,500 restricted stock units and sold a portion of the resulting common stock to cover tax obligations.

Jayshree S. Desai, a Director at TPI Composites, Inc., acquired 30,134 shares of common stock through the vesting of restricted stock units on May 22, 2025.

TPI Composites' Chief Financial Officer, Ryan D. Miller, reported the vesting of 6,677 restricted stock units and the subsequent disposition of 1,760 shares to cover tax withholding obligations.

Paul G. Giovacchini, a Director at TPI Composites, Inc., converted 15,067 Restricted Stock Units into common stock, increasing his direct beneficial ownership to 97,934 shares.

TPI Composites, Inc. Director Bavan Holloway acquired 30,134 shares of common stock through the vesting of Restricted Stock Units, increasing beneficial ownership to 53,807 shares.

William E. Siwek, President and CEO of TPI Composites, reports the vesting of restricted stock units and subsequent transactions to cover tax obligations.

TPI Composites is holding its 2024 Annual Meeting of Stockholders virtually on May 29, 2024, seeking approval for proposals to declassify the Board of Directors and eliminate supermajority voting requirements.

An investor group led by Dere Construction and Zeki Bora Turan has increased its beneficial ownership in TPI Composites, Inc. to 25.2% and entered into a cooperation agreement with the company, signaling intent for board representation.

A group led by Dere Construction Taahhut A.S. and its Chairman Zeki Bora Turan has significantly increased its beneficial ownership in TPI Composites, Inc. to 24.7% and expressed interest in securing a board seat.

The Vanguard Group has filed an amended Schedule 13G, disclosing a 4.35% passive ownership stake in TPI Composites Inc. as of June 30, 2025.

BlackRock, Inc. has filed an amendment to its Schedule 13G, disclosing a 1.8% passive ownership stake in TPI Composites Inc. as of June 30, 2025.

James O. Shaver has reported a 2% beneficial ownership stake in TPI Composites, Inc., holding 950,000 shares as of December 31, 2024.

A group of Turkish investors, including Dere Construction Taahhut A.S., Zeki Bora Turan, and Emre Birhekimoglu, has disclosed a combined beneficial ownership of 10.49% in TPI Composites, Inc. through a Schedule 13G filing.