Wolfspeed, INC 8-K filings

Wolfspeed outlines plans to improve financial performance, strengthen its balance sheet, and secure cost-effective capital, including headcount reductions and revised capital expenditure targets.

Wolfspeed's Q2 fiscal 2025 results show a revenue decrease but the company is taking steps to accelerate profitability and strengthen its balance sheet.

Wolfspeed has successfully completed its at-the-market offering program, raising $200 million to improve its capital structure and reduce leverage.

Wolfspeed, Inc. has entered into an agreement to sell up to $200 million of its common stock through an at-the-market offering.

Wolfspeed's annual shareholder meeting saw the election of nine directors, ratification of the auditor, and approval of executive compensation.

Wolfspeed has appointed Thomas H. Werner as Executive Chair, effective November 18, 2024, with a compensation package including a $150,000 monthly salary and $225,000 in monthly restricted stock units.

Wolfspeed's CEO, Gregg Lowe, is stepping down, and current Chairman Thomas Werner has been appointed as Executive Chairman on an interim basis while a search for a new CEO is conducted.

Wolfspeed reported its fiscal first quarter 2025 results, including a revenue of $195 million, and announced a restructuring plan to optimize costs and transition to 200mm silicon carbide production.

Wolfspeed has successfully issued the first $250 million tranche of its senior secured notes due in 2030, with the possibility of issuing an additional $500 million.

Wolfspeed has amended its $2 billion unsecured customer refundable deposit agreement with Renesas Electronics America, allowing for payment of accrued interest in kind for December 2024 and June 2025.

Wolfspeed has nominated Thomas Seifert and Woody Young to its Board of Directors, with their election to be considered at the 2024 Annual Meeting of Shareholders.

Wolfspeed announces a significant $1.5 billion funding package, including $750 million in proposed CHIPS Act funding and $750 million from an investment group, to expand its silicon carbide manufacturing capabilities.

Wolfspeed's fiscal fourth quarter results show a mixed performance with revenue slightly down, but the company is accelerating its transition to the 200mm Mohawk Valley fab and reducing capital expenditure.

Wolfspeed's Q3 fiscal year 2024 results show increased revenue driven by the Mohawk Valley Fab, but significant underutilization costs impacted profitability.

Wolfspeed received an additional $500 million deposit from Renesas America as part of their existing agreement.

Wolfspeed's fiscal Q2 2024 results show a 20% year-over-year revenue increase and a record $2.9 billion in design-wins, primarily in the automotive sector.