Maxeon Solar Tech. Announces CCO Exit; CEO Steps In Temporarily

Rhea-AI Filing Summary

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) filed a Form 6-K announcing that Chief Commercial Officer Vikas Desai will depart at the end of June 2025. Until a permanent replacement is named, CEO George Guo will assume the CCO responsibilities on an interim basis. The filing contains no additional operational or financial data and cites no reason for the leadership change. The disclosure is incorporated by reference into the company’s outstanding registration statements on Forms F-3 and S-8, ensuring updated prospectus information for investors.

This is a routine corporate governance update with potential relevance for sales strategy execution and investor perception of management stability, but the company signals operational continuity by assigning the role to the current CEO.

Positive

• Continuity of leadership: CEO George Guo immediately assumes CCO duties, reducing operational uncertainty.

Negative

• Executive turnover: Resignation of Chief Commercial Officer Vikas Desai could signal internal challenges and may unsettle commercial partners until a successor is appointed.

Insights

Corporate Governance Expert

TL;DR: CCO exit flagged; CEO fills role temporarily, limiting strategic disruption but highlights succession planning needs.

The departure of a C-suite executive—especially the Chief Commercial Officer—can raise questions about stability and future go-to-market execution. However, Maxeon mitigates immediate operational risk by assigning the duties to CEO George Guo, signalling internal continuity. Since no financial metrics accompany the notice, the market impact hinges on investor perception of management depth and the board’s ability to recruit a seasoned commercial leader. Overall, it is a neutral governance event unless follow-on disclosures reveal performance issues or an extended vacancy.

Industry Specialist – Solar Equipment

TL;DR: Executive turnover is notable, but product pipeline and orders unaffected per filing; impact likely minimal near term.

Solar manufacturing firms rely on robust commercial channels to convert pipeline into shipments. The filing does not indicate lost contracts, revised guidance, or strategy shifts, suggesting day-to-day customer interface remains intact. CEO oversight may even streamline decision-making temporarily. Unless the vacancy persists or correlates with demand softness, the announcement should not materially alter competitive positioning.

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: June 2025

Commission File Number: 001-39368

MAXEON SOLAR TECHNOLOGIES, LTD.

(Exact Name of registrant as specified in its charter)

38 Beach Road #23-11

South Beach Tower

Singapore 189767

(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): ☐

Introductory Note

Maxeon Solar Technologies, Ltd. (NASDAQ: MAXN) (the “Company”) is announcing that Vikas Desai, its Chief Commercial Officer, will leave the Company at the end of June 2025. George Guo, the Chief Executive Officer of the Company, will assume the responsibilities of Chief Commercial Officer in the interim.

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. 333-268309), Form S-8 (File No. 333-241709), Form S-8 (File No. 333-277501), and Form S-8 (File No. 333-283187), each filed with the Securities and Exchange Commission.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

MAXEON SOLAR TECHNOLOGIES, LTD. (Registrant)

June 20, 2025

By:

/s/ Dmitri Hu

Dmitri Hu

Chief Financial Officer

FAQ

When will Maxeon Solar Technologies' CCO Vikas Desai leave the company?

The filing states that Vikas Desai will depart at the end of June 2025.

Who will take over the Chief Commercial Officer duties at MAXN?

CEO George Guo will assume the CCO responsibilities on an interim basis.

Did Maxeon provide reasons for Vikas Desai's departure?

No. The 6-K does not disclose any reasons for the CCO's exit.

Does the 6-K include any financial results or guidance updates?

No. The filing contains no financial metrics or changes to guidance.

Are Maxeon's registration statements affected by this filing?

Yes. The information is incorporated by reference into Forms F-3 and S-8 listed in the 6-K.