WOLFSPEED, INC. 8-K

What Happened
Wolfspeed, Inc. announced a new employment agreement with its Chief Financial Officer and Executive Vice President, Gregor van Issum. The agreement was signed January 14, 2026 and is effective January 1, 2026, replacing prior agreements dated July 6, 2025 and December 12, 2025. The new terms are materially consistent with the prior agreements and add company-paid access to the Duke Executive Health program.

Key Details

• Agreement effective date: January 1, 2026; signed January 14, 2026.
• Sign-on bonus: Mr. van Issum previously received a $450,000 sign-on bonus; repayment is required if he resigns for any reason or is terminated for “Cause” within one year of September 1, 2025.
• Definition of “Cause” includes (i) willful, continued failure to perform after warning; (ii) material and willful violation of law related to duties; (iii) acts of personal dishonesty or misrepresentation for personal enrichment; (iv) conviction/plea to a felony harming company reputation; (v) uncured material breach of confidentiality/intellectual property/noncompete obligations.
• Employment status and termination pay: Mr. van Issum remains an at‑will employee; upon termination he is entitled (within 10 days) to earned but unpaid base salary, owed expenses, accrued unused vacation, any unfulfilled payments for the Duke Executive Health program, and amounts under applicable benefit plans. He remains eligible for the Wolfspeed Severance Plan - Senior Leadership Team.

Why It Matters
This filing clarifies and consolidates the CFO’s contractual terms and benefits, including the company-funded executive health benefit and conditions for repayment of a $450,000 sign-on bonus. For investors, the agreement confirms Wolfspeed’s ongoing compensation and retention arrangements for senior finance leadership and outlines potential cash-flow implications (repayments or severance/benefit payments) tied to termination events. The company maintains transparency by filing the full employment agreement as an exhibit.