Solar veteran Rhone Resch joins TOYO (Nasdaq: TOYO) as CSO

Rhea-AI Filing Summary

TOYO Co., Ltd has appointed solar industry veteran Rhone Resch as its new Chief Strategy Officer, a part-time, newly created role reporting directly to the CEO. He will lead key elements of TOYO’s global growth strategy, focusing on expanding U.S. market presence, manufacturing footprint, and partnerships across the solar value chain.

Resch brings more than 20 years of experience, including leading the Solar Energy Industries Association and founding multiple solar-focused companies and initiatives. TOYO entered into standard-form employment and indemnification agreements with him, and the appointment has been announced via a press release furnished as an exhibit.

Key Terms

Chief Strategy Officer, indemnification agreement, Form 6-K, forward-looking statements, +1 more

5 terms

Chief Strategy Officer financial

"Rhone Resch as Chief Strategy Officer (“CSO”), a newly created role"

A chief strategy officer (CSO) is the senior executive who crafts a company’s long-term plan and decides which markets, products, partnerships, or investments to prioritize—think of them as the company’s navigator plotting the course. Investors pay attention because the CSO shapes where the company will grow, what risks it will take, and how it will deploy resources; strong strategic direction can improve future revenue and value, while poor choices can weigh on returns.

indemnification agreement regulatory

"the Company entered into an employment agreement and an indemnification agreement"

An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.

Form 6-K regulatory

"Copies of form of the employment agreement and form of the indemnification agreement are being furnished as Exhibits 10.1 and 10.2 with this Report on Form 6-K."

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

forward-looking statements regulatory

"may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

registration statement on Form F-3 regulatory

"incorporated by reference in the Company’s registration statement on Form F-3"

A registration statement on Form F-3 is a streamlined filing used by eligible foreign companies to register securities for sale in the U.S., often as a “shelf” that lets them offer shares quickly when market conditions are right. For investors it matters because it signals that the company can raise capital on short notice—potentially increasing liquidity but also the risk of share dilution if new stock is issued—similar to a company keeping a pre-approved credit line ready to use.

Form 6-K: How Foreign Companies Report to the SEC →

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 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2026

Commission File Number: 001-42153

TOYO Co., Ltd

Tennoz First Tower, F16

2-2-4, Higashi-Shinagawa, Shinagawa-ku

Tokyo, Japan 140-0002

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.  

Form 20-F ☒          Form 40-F ☐

Appointment of Chief Strategy Officer

On March 29, 2026, the board of directors (the “Board”) of TOYO Co., Ltd, a Cayman Islands exempted company (the “Company”) passed resolutions to appoint Mr. Rhone Resch as the Chief Strategy Officer of the Company. In connection with the appointment, on March 29, 2026, the Company entered into an employment agreement and an indemnification agreement with Mr. Resch. The terms of the agreements are consistent with the Company’s standard arrangements for its directors and executive officers, except that Mr. Resch serves his position as the Chief Strategy Officer on a part-time basis.

The following sets forth certain information concerning the past employment history of Mr. Resch:

Mr. Rhone Resch serves as our Chief Strategy Officer. Mr. Resch is a global solar industry executive and entrepreneur with more than 20 years of experience helping build companies, expand international markets, and support the growth of solar manufacturing. Since July 2016, he has served as the president and chief executive officer of Advanced Energy Advisors, LLC, an advisory firm based in Washington D.C., providing strategic advisory services for solar manufacturers, developers and technology companies. In September 2025, Mr. Resch founded the SAFE Alliance and has served as its chief executive officer, which focuses on improving the reliability and security of supply chains for key technologies used in solar and energy storage. From September 2019 to October 2025, he worked as the president of Solarlytics, Inc., a Silicon Valley solar technology company developing advanced power-electronics platforms improve the performance, monitoring and lifecycle economics of solar energy systems. From September 2021 to May 2024, he served as the chief executive officer of Cygnus Solar, Inc, an HJT (Heterojunction Technology) cell manufacturer. From September 2019 to December 2024, he served as a member of the board of advisors of BrightNight, a utility-scale renewable developer. From November 2016 to February 2024, he served on the board of directors of Sunworks, Inc., a residential, commercial and industrial, and utility-scale developer and engineering, procurement, and construction (“EPC”), listed on Nasdaq under the symbol “SUNW.” From 2004 to 2016, Mr. Resch served as president and chief executive officer of the Solar Energy Industries Association (SEIA), a national trade association for the solar and solar storage industries.

Mr. Resch holds a Master of Environmental Science from the State University of New York, a Master of Public Administration Management from the Maxwell School at Syracuse University and a Bachelor of Arts in Economic and Natural Resources from the University of Michigan.

Copies of form of the employment agreement and form of the indemnification agreement are being furnished as Exhibits 10.1 and 10.2 with this Report on Form 6-K. The foregoing descriptions of the employment agreement and the indemnification agreement do not purport to be complete and are subject to, and are qualified in their entirety by, the full text of the employment agreement and the indemnification agreement.

On March 31, 2026, the Company issued a press release announcing the appointment of new officer. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

INCORPORATION BY REFERENCE

This Report on Form 6-K is hereby incorporated by reference in the Company’s registration statement on  Form F-3 (File No. 333-290952) and Form S-8 (File No. 333-284642) to the extent not superseded by documents or reports subsequently filed or furnished.

1

EXHIBIT INDEX

Exhibit No.		Description
10.1		Form of Employment Agreement
10.2		Form of Indemnification Agreement
99.1		Press release dated March 31, 2026, announcing the appointment of Chief Strategy Officer

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, thereunto duly authorized.

	TOYO Co., Ltd
	By:	/s/ Takahiko Onozuka
	Name:	Takahiko Onozuka
	Title:	Director and Chief Executive Officer

Date: April 2, 2026

3

Exhibit 99.1

Solar Industry Veteran Mr. Rhone Resch Joins TOYO as Chief Strategy Officer

TOKYO, March 31, 2026 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF),  (“TOYO” or the “Company”), a global solar solution company, today announced the appointment of Rhone Resch as Chief Strategy Officer (“CSO”), a newly created role reporting directly to the CEO.

Mr. Resch will lead key elements of the Company’s global growth strategy, with a focus on expanding the Company’s manufacturing footprint, accelerating its U.S. market expansion, and strengthening partnerships across the solar value chain.

“Rhone brings a rare combination of industry leadership, commercial insight, and policy expertise,” said Mr. Takahiko Onozuka, the CEO of TOYO. “He has been closely involved in the development of the modern solar industry and understands how to scale companies in complex global markets. His experience will be important as we expand our manufacturing platform and grow our presence in the United States. This appointment supports TOYO’s next phase of growth, particularly in accelerating its expansion in the U.S. market and strengthening its global manufacturing strategy.”

Deep Industry Experience and Entrepreneurial Leadership

Mr. Resch brings more than two decades of experience across the global solar industry, including leadership roles spanning technology commercialization, market development, and industry growth.

In addition to his industry leadership, he has founded and led multiple solar companies in the United States, supporting the commercialization of new technologies, building strategic partnerships, and raising growth capital in competitive markets.

Throughout his career, he has worked at the intersection of business strategy, policy, and capital formation, helping companies navigate evolving market conditions and expand into new geographies.

A Proven Track Record in Policy and Growth

Mr. Resch served as President and Chief Executive Officer of the Solar Energy Industries Association (SEIA) from 2004 to 2016, where he played a central role in the expansion of the U.S. solar industry.

During his tenure, he led federal and state advocacy efforts for the solar industry and worked closely with policymakers and industry stakeholders to support the development of market frameworks and incentive programs, contributing to the growth of the U.S. solar industry.

Supporting TOYO’s Next Phase of Growth

At TOYO, Mr. Resch will work closely with the CEO and executive team to support the Company’s long-term strategy, with a particular focus on:

	●	Expanding TOYO’s presence in the United States
	●	Strengthening relationships with developers, utilities, and technology partners
	●	Supporting global manufacturing strategy and supply-chain development
	●	Navigating evolving trade, regulatory, and market dynamics

He will also play a key role in positioning TOYO as a trusted provider of high-performance solar technologies as demand for secure and scalable energy solutions continues to grow.

Mr. Resch holds a Master of Public Administration in Management from Syracuse University’s Maxwell School, a Master of Environmental Science from the State University of New York, and a Bachelor of Arts from the University of Michigan.

About TOYO Co., Ltd.

TOYO is a solar solutions company committed to becoming a full-service solar solutions provider in the global market, integrating upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells at a competitive scale and cost.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. The words “anticipate,” “look forward to,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including factors discussed in the section entitled “Risk Factors” in TOYO’s annual report on Form 20-F, as well as discussions of potential risks, uncertainties, and other important factors in TOYO’s subsequent filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof. TOYO specifically disclaims any obligation to update any forward-looking statement, whether due to new information, future events, or otherwise. Readers should not rely upon the information on this page as current or accurate after its publication date.

Contact Information:

For TOYO Co., Ltd.
IR@toyo-solar.com

Crocker Coulson
Email: crocker.coulson@aummedia.org
Tel: (646) 652-7185

FAQ

What did TOYO Co., Ltd (TOYO) announce in this Form 6-K?

TOYO Co., Ltd announced the appointment of Rhone Resch as Chief Strategy Officer in a newly created role reporting directly to the CEO. The company also entered into employment and indemnification agreements with him and furnished a press release describing his responsibilities and background.

Who is Rhone Resch, TOYO’s new Chief Strategy Officer?

Rhone Resch is a global solar industry executive and entrepreneur with more than 20 years of experience. He has led Advanced Energy Advisors, founded the SAFE Alliance, and previously served as president and CEO of the Solar Energy Industries Association, among other leadership roles in solar companies.

What will Rhone Resch focus on in his role at TOYO (TOYO)?

As Chief Strategy Officer, Rhone Resch will support TOYO’s long-term strategy by expanding its presence in the United States, strengthening relationships with developers and utilities, supporting global manufacturing and supply-chain development, and helping the company navigate evolving trade, regulatory, and market dynamics in the solar industry.

Is Rhone Resch’s Chief Strategy Officer role at TOYO full-time?

Rhone Resch’s Chief Strategy Officer position at TOYO is part-time. His employment and indemnification agreements follow the company’s standard arrangements for directors and executive officers, with the primary distinction that he serves in this strategic leadership role on a part-time basis.

What prior roles has Rhone Resch held before joining TOYO (TOYO)?

Before joining TOYO, Rhone Resch led Advanced Energy Advisors, founded the SAFE Alliance, served as president of Solarlytics and CEO of Cygnus Solar, and held board roles at BrightNight and Sunworks. Earlier, he served as president and CEO of the Solar Energy Industries Association from 2004 to 2016.

How does TOYO describe its business in this filing?

TOYO describes itself as a solar solutions company aiming to be a full-service provider across the solar value chain. It seeks to integrate upstream wafer and silicon production, midstream solar cell manufacturing, and downstream photovoltaic module production, positioning itself to produce high-quality solar cells at competitive scale and cost.

Which registration statements does this TOYO Form 6-K relate to?

This Form 6-K is incorporated by reference into TOYO’s registration statements on Form F-3 (File No. 333-290952) and Form S-8 (File No. 333-284642. The incorporation applies to the extent the information is not later superseded by subsequent documents or reports filed or furnished by the company.

Filing Exhibits & Attachments

3 documents

Press Releases

• EX-99.1 PRESS RELEASE DATED MARCH 31, 2026, ANNOUNCING THE APPOINTMENT OF CHIEF STRATEGY 12.4 KB

Agreements & Contracts

• EX-10.1 FORM OF EMPLOYMENT AGREEMENT 45.6 KB
• EX-10.2 FORM OF INDEMNIFICATION AGREEMENT 49.5 KB