SolarMax (NASDAQ: SMXT) director Wen-Ching Yang to step down from board

Rhea-AI Filing Summary

SolarMax Technology, Inc. reported that on September 26, 2025, Dr. Wen-Ching (Stephen) Yang notified its board of directors that he will not stand for re-election as a director. Dr. Yang currently serves as chair of the audit committee and as a member of the nominating and corporate governance committee.

The company stated that Dr. Yang’s decision was not due to any disagreement with SolarMax on its operations, policies, or practices, indicating a voluntary transition rather than a dispute-driven departure.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 30, 2025 (September 26, 2025)

SolarMax Technology, Inc.

(Exact name of registrant as specified in its charter)

Nevada		001-41959		26-2028786
(State or other jurisdiction of incorporation or organization)		(Commission file number)		(IRS Employer Identification No.)

3080 12th Street

Riverside, California 92507

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (951) 300-0788

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		SMXT		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02  Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 26, 2025, Dr. Wen-Ching (Stephen) Yang notified the board of directors (the “Board”) of SolarMax Technology, Inc. (the “Company”) that he would not stand for re-election to the Board. Dr. Yang was the chair of the audit committee and a member of the nominating and corporate governance committee of the Board. Dr. Yang’s decision did not result from a disagreement with the Company on any matter relating to the Company’s operations, policies or practices.  

2

SIGNATURE

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 hereunto duly authorized.

	SolarMax Technology, Inc.
Dated: September 30, 2025	By:	/s/ David Hsu
		David Hsu
		Chief Executive Officer

3

FAQ

What board change did SolarMax Technology (SMXT) disclose?

SolarMax Technology disclosed that on September 26, 2025, Dr. Wen-Ching (Stephen) Yang informed the board that he will not stand for re-election as a director.

What roles did Dr. Wen-Ching (Stephen) Yang hold at SolarMax Technology (SMXT)?

Dr. Yang served as chair of the audit committee and as a member of the nominating and corporate governance committee of SolarMax Technology’s board.

Did Dr. Yang’s decision to leave the SolarMax (SMXT) board involve a disagreement?

No. SolarMax stated that Dr. Yang’s decision not to stand for re-election did not result from any disagreement regarding the company’s operations, policies, or practices.

Which SEC form did SolarMax Technology (SMXT) use to report this board change?

SolarMax Technology reported Dr. Yang’s planned departure from the board on a Form 8-K filed under Item 5.02, covering director departures and related matters.

Who signed the SolarMax Technology (SMXT) report about the board change?

The report was signed on behalf of SolarMax Technology, Inc. by David Hsu, the company’s Chief Executive Officer.