[6-K] Maxeon Solar Technologies, Ltd. Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Maxeon Solar Technologies, Ltd. (MAXN) disclosed several corporate actions in this report. The company proposed quarterly payment of outside director compensation under its existing policy, sought shareholder approval to appoint NLA DFK Assurance PAC as statutory auditor and Marcum Asia CPAs LLP as auditor for other NASDAQ-related reporting, and requested authority for the Directors to issue shares under Section 161 of the Companies Act, Cap. 50. The filing also states that these disclosures are incorporated by reference into the company’s registration statements on Form F-3 and multiple Form S-8 filings.

Positive

• Appointment of auditors names NLA DFK Assurance PAC and Marcum Asia CPAs LLP, clarifying audit coverage
• Director authority to fix remuneration enables timely engagement and payment to auditors
• Authorization to issue shares under Section 161 provides the board with financing and equity-compensation flexibility

Negative

• Share issuance authorization may lead to future shareholder dilution if exercised

Insights

Corporate Governance Expert

Board seeks routine governance approvals including share-issuance authority.

The notice requests shareholder approval to let the Directors issue shares under Section 161, which is a governance-level authorization allowing the board flexibility to raise capital or grant equity if later exercised. This is a procedural but potentially significant corporate power because any future share issuances could affect shareholder dilution.

The proposal to pay outside directors quarterly under the existing policy clarifies compensation timing but does not itself change pay levels in this disclosure.

Audit & Reporting Expert

Company proposes changing/appointing auditors for statutory and NASDAQ reporting.

The filing names NLA DFK Assurance PAC as the statutory auditor and Marcum Asia CPAs LLP as auditor for other NASDAQ-related reporting obligations. Appointing auditors is material to financial reporting reliability and affects who will perform audits and regulatory filings.

The resolution also seeks director authority to fix the auditors’ remuneration, a standard governance item that enables finalizing audit engagements.

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: September 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 ☐

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

On 29 August 2025, Maxeon Solar Technologies, Ltd. (“we”, “us” or the “Company”) held our Annual General Meeting of Shareholders (the “Annual General Meeting”). At the Annual General Meeting, our shareholders voted on five proposals, each of which was described in more detail in our Notice of Annual General Meeting of Shareholders provided to our shareholders. The Notice of Annual General Meeting of Shareholders was also attached as Exhibit 99.1 to a Report of Foreign Private Issuer on Form 6-K that we furnished to the Securities and Exchange Commission on 7 August 2025.

Based on the presence by proxy of holders of our outstanding ordinary shares constituting a quorum, each of the following proposals was duly approved and/or ratified:

Proposal 1: To receive and adopt the Directors’ Statement and Audited Financial Statements for the financial period ended 31 December 2024 and the Auditor’s Report thereon.

Proposal 2: To re-elect Dr. Teo Tong Kooi as a Director pursuant to Regulation 94 of the Constitution of the Company.

Proposal 3: To approve Dr. Teo Tong Kooi's Directors' annual fees of US$254,000 to be paid pro rata on a quarterly basis, based on the Company’s Outside Director Compensation Policy.

Proposal 4: To appoint NLA DFK Assurance PAC as the statutory auditor of the Company and Marcum Asia CPAs LLP as the auditor of the Company for other applicable reporting requirements under relevant securities rules and regulations which the Company is subject to as a NASDAQ-listed company and to authorize the Directors to fix their respective remuneration.

Proposal 5: To authorize the Directors of the Company to issue shares pursuant to Section 161 of the Companies Act, Cap. 50.

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)

September 4, 2025

By:

/s/ Dmitri Hu

Dmitri Hu

Chief Financial Officer

FAQ

What auditors did Maxeon (MAXN) propose in the 6-K?

The company proposed appointing NLA DFK Assurance PAC as statutory auditor and Marcum Asia CPAs LLP as auditor for other NASDAQ-related reporting.

What authority are Maxeon directors asking for in this filing?

Directors are being authorized to issue shares pursuant to Section 161 of the Companies Act, Cap. 50 and to fix the auditors' remuneration.

How will outside director compensation be paid according to the filing?

Outside directors' compensation will be paid on a quarterly basis under the Company’s Outside Director Compensation Policy.

Is this 6-K incorporated into other SEC registration statements?

Yes; the information is incorporated by reference into the company's Form F-3 (File No. 333-268309) and multiple Form S-8 filings.