Wolfspeed (NYSE: WOLF) signs new employment agreement with its CFO

Rhea-AI Filing Summary

Wolfspeed, Inc. entered into a new employment agreement with its Chief Financial Officer and Executive Vice President, Gregor van Issum, effective January 1, 2026. The agreement replaces prior arrangements with Wolfspeed Europe GmbH and a later letter agreement, while keeping most key terms materially consistent with what was previously disclosed.

The new contract adds a benefit under which Wolfspeed will provide Mr. van Issum access to the Duke Executive Health program at the company’s expense. It also reiterates that he must repay a previously disclosed $450,000 sign-on bonus if he resigns for any reason or is terminated for “Cause” within one year of September 1, 2025, with “Cause” defined in detail in the agreement. Mr. van Issum remains an at-will employee, and upon any termination he is entitled to earned salary, reimbursable expenses, accrued vacation, unfulfilled Duke program payments, and other plan benefits, and he continues to be eligible for the Wolfspeed Severance Plan for senior leaders.

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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): January 14, 2026

WOLFSPEED, INC.

(Exact name of registrant as specified in its charter)

Delaware			001-40863			56-1572719
(State or other jurisdiction of incorporation)			(Commission File Number)			(I.R.S. Employer Identification Number)

4600 Silicon Drive
Durham			North Carolina			27703
(Address of principal executive offices)						(Zip Code)

(919) 407-5300

Registrant’s telephone number, including area code

N/A

(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 obligation 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			Name of each exchange on which registered
Common Stock, $0.00125 par value			WOLF			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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 or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Employment Agreement with CFO

On January 14, 2026, Wolfspeed, Inc. (the “Company”) and Gregor van Issum, the Company’s Chief Financial Officer and Executive Vice President, entered into an employment agreement (the “New Agreement”), replacing the employment agreement, dated July 6, 2025, between Wolfspeed Europe GmbH, a subsidiary of the Company (“Wolfspeed Europe”), and Mr. van Issum and the letter agreement, dated December 12, 2025, between Wolfspeed and Mr. van Issum (collectively, the “Prior Agreements”). The New Agreement is effective January 1, 2026.

Except as follows, the terms of the New Agreement are materially consistent with the previously disclosed terms of the Prior Agreements included in the Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 7, 2025 and the Current Report on Form 8-K filed with the SEC on December 15, 2025, which are incorporated herein by reference.

In addition to the previously disclosed compensation terms, under the New Agreement, during the term of his employment, the Company, at its sole expense, will provide Mr. van Issum with access to the Duke Executive Health program.

Consistent with the Prior Agreements, the New Agreement provides that Mr. van Issum is required to repay to the Company the previously disclosed sign-on bonus of $450,000 under certain circumstances. Pursuant to the New Agreement, such repayment is required if Mr. van Issum terminates his employment with the Company for any reason or is terminated by the Company for “Cause” within one year of September 1, 2025. “Cause” is defined in the New Agreement as (i) Mr. van Issum’s willful and continued failure to substantially perform the reasonable and lawful duties and responsibilities of his position that is not corrected after one written warning detailing the concerns and offering Mr. van Issum a reasonable period of time to cure; (ii) any material and willful violation of any federal or state law by Mr. van Issum in connection with his responsibilities as an employee of the Company; (iii) any act of personal dishonesty or misrepresentation taken by Mr. van Issum in connection with his responsibilities as an employee of the Company, including with the intention or reasonable expectation that such may result in his personal enrichment; (iv) Mr. van Issum’s conviction of, or plea of nolo contendere to, or grant of prayer of judgment continued with respect to, a felony that the Board of Directors reasonably believes has had or will have a material detrimental effect on the Company’s reputation or business; or (v) Mr. van Issum materially breaching his Employee Agreement Regarding Confidential Information, Intellectual Property, and Noncompetition, which breach is not cured.

Mr. van Issum will be an at-will employee. As such, his employment is not for any specified period of time and can be terminated by Mr. van Issum or by the Company at any time, with or without advance notice, and for any or no particular reason or cause. In connection with a termination of Mr. van Issum’s employment for any reason, Mr. van Issum shall be entitled to receive, within 10 days after the date his employment with the Company terminates, (i) any portion of his base salary earned and unpaid through the termination date; (ii) any expenses owed to Mr. van Issum; (iii) any accrued but unused vacation pay owed to Mr. van Issum; (iv) any unfulfilled payments related to Mr. van Issum’s access to the Duke Executive Health program; and (v) any amounts arising from Mr. van Issum’s participation in, or benefits under, any employee benefit plans, programs or arrangements, in each case pursuant to and in accordance with the terms of the New Agreement. As previously disclosed, Mr. van Issum is eligible to participate in the Wolfspeed Severance Plan - Senior Leadership Team.

The foregoing description of the New Agreement is not meant to be complete and is qualified in its entirety by reference to the New Agreement, which is included as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d)    Exhibits

			Exhibit No.						Description of Exhibit
			10.1						Employment Agreement, dated January 14, 2026, between Wolfspeed, Inc. and Gregor van Issum
			104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

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.

			WOLFSPEED, INC.
			By:						/s/ Melissa Garrett
									Melissa Garrett
									Senior Vice President and General Counsel

Date: January 15, 2026

FAQ

What did Wolfspeed (WOLF) announce about its CFOs employment agreement?

Wolfspeed entered into a new employment agreement with its Chief Financial Officer and Executive Vice President, Gregor van Issum, effective January 1, 2026. This agreement replaces earlier arrangements with a Wolfspeed Europe subsidiary and a December 2025 letter agreement while keeping most previously disclosed terms materially consistent.

What new benefit does the Wolfspeed (WOLF) CFO receive under the updated agreement?

Under the new agreement, Wolfspeed will provide Gregor van Issum, during his employment term, with access to the Duke Executive Health program at the companys expense. This benefit is in addition to the compensation terms that were already disclosed in the prior agreements.

How is the Wolfspeed (WOLF) CFOs $450,000 sign-on bonus treated in the new agreement?

The new agreement confirms that the previously disclosed $450,000 sign-on bonus must be repaid to Wolfspeed if Gregor van Issum terminates his employment for any reason or is terminated by the company for Cause within one year of September 1, 2025, as defined in the agreement.

Is the Wolfspeed (WOLF) CFO an at-will employee under the new agreement?

Yes. The agreement states that Gregor van Issum is an at-will employee. His employment is not for a set term and can be ended by either Wolfspeed or Mr. van Issum at any time, with or without advance notice, and for any or no reason.

What payments is the Wolfspeed (WOLF) CFO entitled to receive upon termination?

Upon termination for any reason, Gregor van Issum is entitled within 10 days to earned and unpaid base salary through the termination date, expenses owed to him, accrued but unused vacation pay, any unfulfilled payments related to the Duke Executive Health program, and amounts due from participation in employee benefit plans, all pursuant to the agreement.

Does the Wolfspeed (WOLF) CFO remain eligible for any severance plan?

Yes. The filing notes that, as previously disclosed, Gregor van Issum remains eligible to participate in the Wolfspeed Severance Plan  Senior Leadership Team, in addition to the rights described in the new agreement.