Wolfspeed, Inc. 8-K Filings

Wolfspeed, Inc. (WOLF) reported fiscal Q4 2026 revenue of $149.6 million, down from $197.0 million a year earlier. GAAP gross margin was (25)% and non-GAAP gross margin was (20)%, reflecting continued losses in its silicon carbide device and materials business.

Wolfspeed posted a Q4 GAAP net loss of $145.4 million (non-GAAP net loss $116.9 million) and adjusted EBITDA of ($62.4) million. Operating cash flow was ($54.1) million, while cash, cash equivalents and short-term investments totaled $1.1 billion as of June 28, 2026. Management highlighted more than doubled AI data center revenue year over year and ongoing efforts to reduce debt and cost of capital following its fresh start accounting after emergence from Chapter 11 in 2025.

Wolfspeed, Inc. filed an amendment to a prior report to correct information about the election of Andreas (“Andy”) W. Mattes to its Board of Directors and Compensation Committee, effective July 28, 2026. Mattes, age 65, is a former Coherent CEO and long-time technology executive. His compensation includes annual cash retainers of $80,000 for board service and $10,000 for Compensation Committee service, plus RSU awards with an initial grant-date fair value of $500,000 and ongoing annual RSUs valued at $200,000. The Board determined he qualifies as an independent director and he will enter into the company’s standard indemnification agreement.

Wolfspeed, Inc. appointed Andreas (Andy) W. Mattes, age 65, to its Board of Directors and as chair of the Compensation Committee, effective immediately. The Board determined that he qualifies as an independent director under New York Stock Exchange rules and noted no related-party transactions requiring disclosure.

Mattes will receive an annual cash retainer of $80,000 for Board service, an additional $20,000 for chairing the Compensation Committee, and an initial RSU grant with a grant date fair value of $500,000, followed by annual RSU awards of $200,000, all subject to specified vesting schedules. Wolfspeed plans to hold its 2026 Annual Meeting of Stockholders on October 27, 2026, with shareholder proposals under Rule 14a-8 and advance notice nominations due by August 7, 2026, and universal proxy notices due by August 28, 2026.

Wolfspeed, Inc. released unaudited pro forma consolidated financial information that shows how its results would look after its prepackaged Chapter 11 plan, fresh start accounting, and required regulatory approvals. The Plan became effective on September 29, 2025, with all Regulatory Approvals received by January 29, 2026.

The pro forma statement of operations for the nine months ended March 29, 2026 shows combined revenue of $515.5 million and a net loss of $530.6 million, or $12.00 basic and diluted loss per share on 44.2 million weighted average shares. For the year ended June 29, 2025, pro forma net loss is $1,213.4 million, or $27.85 per share on 43.6 million shares.

The filing details fresh start valuation work, including an estimated enterprise value of $2,600.0 million and total stockholders’ equity of $757.1 million as of the Effective Date. It also explains major capital structure changes, such as issuing about 43,564,315 shares of new common stock and reclassifying a forward equity contract, Renesas convertible notes, and Renesas warrants from liabilities to equity after Regulatory Approvals.

Wolfspeed, Inc. reported a steep loss but a much stronger balance sheet for the third quarter of fiscal 2026. Revenue was $150.2 million, down from $185.4 million a year earlier, with GAAP gross margin at (27)% and non-GAAP gross margin at (21)%, reflecting ongoing cost and yield challenges.

The company posted a GAAP net loss of $119.9 million, or $3.05 per share, and adjusted EBITDA of ($61.7) million. Operating cash flow was ($83.8) million, while free cash flow was ($90.0) million. Management highlighted sequential growth of about 30% in AI data center applications and new silicon carbide products, including a 10 kV power MOSFET and its next-generation TOLT portfolio.

Wolfspeed refinanced approximately $476 million of first-lien debt, cutting total debt by $97 million and expected annual interest expense by about $62 million. The company improved its equity position by more than $400 million and ended the quarter with $1.2 billion in cash, cash equivalents and short-term investments, following its Chapter 11 emergence and fresh start accounting. For the fiscal fourth quarter, Wolfspeed expects revenue between $140 million and $160 million with operating expenses roughly flat and gross margins remaining negative.

Wolfspeed, Inc. completed a strategic refinancing and equity raise to strengthen its balance sheet and reduce interest costs. The company privately issued $379 million of 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031, alongside 3,250,030 common shares and pre-funded warrants to buy 2,000,000 shares, raising approximately $96.9 million.

All gross proceeds from these private placements were used to redeem about $475.9 million of Senior Secured Notes due 2030. Wolfspeed also paid roughly $48.5 million of make-whole premium and accrued interest with cash on hand, expects to lower annual interest expense by about $62 million, and reduce total debt by about $97 million, while maintaining around $1.0 billion of cash, cash equivalents and short-term investments.

Wolfspeed, Inc. entered into private financing deals combining new equity and convertible debt. The company agreed to sell 3,250,030 common shares and pre-funded warrants for up to 2,000,000 additional shares, raising approximately $96.9 million. It also subscribed $379.0 million of 3.5% Convertible 1.5 Lien Senior Secured Notes due 2031, with an initial conversion price of about $20.14 per share. Total anticipated gross proceeds of roughly $475.9 million are expected to be used to redeem about $475.9 million of existing Senior Secured Notes due 2030, aiming to reduce higher-cost debt and lower interest expense while adding a sizable, secured convertible component to the capital structure.

Wolfspeed, Inc. released unaudited pro forma financial information that shows how its results would look after its prepackaged plan of reorganization, adoption of fresh start accounting on September 29, 2025, and receipt of required regulatory approvals on January 29, 2026.

The pro forma reflects settlement of a $292.1 million liability-classified forward equity contract through equity, reclassification of a $87.9 million embedded conversion feature on New Renesas 2L Convertible Notes and $31.5 million of Renesas warrants from liabilities to equity, and issuance of about 43,564,315 shares of new common stock.

Using a discounted cash flow approach, Wolfspeed estimated enterprise value at $2,600.0 million and implied common equity value at $569.1 million as of the effective date. Pro forma net losses were $372.0 million for the six months ended December 28, 2025 and $1,213.4 million for the year ended June 29, 2025, or $8.52 and $27.85 per share, respectively.

Wolfspeed, Inc. filed a current report to notify investors that it has released financial results for its fiscal second quarter ended December 28, 2025. The company issued a press release on February 4, 2026, and attached it as Exhibit 99.1 to this report.

The earnings press release is being furnished under a specific disclosure rule, meaning it is not treated as formally filed for certain securities law liability purposes and is not automatically incorporated into other company filings unless specifically referenced.

Wolfspeed, Inc. reported that the Committee on Foreign Investment in the United States cleared its equity issuance to Renesas Electronics America Inc., satisfying the last remaining condition of its Court-approved prepackaged restructuring plan following its emergence from Chapter 11. On January 29, 2026, Wolfspeed issued 16,852,372 shares of common stock to Renesas and will distribute 871,287 shares to stockholders who held common stock immediately before the plan’s effective date, with these issuances exempt from registration under Section 1145 of the Bankruptcy Code. The company also appointed Aris Bolisay, Renesas’s designee, to its board of directors effective February 2, 2026, and Renesas’s warrant to purchase 4,943,555 shares of common stock became exercisable, while its 2.5% Convertible Second-Lien Senior Secured Notes due 2031 became convertible.

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.

Wolfspeed, Inc. reported the results of its Annual Meeting of Stockholders held on December 16, 2025. Stockholders voted on electing seven directors, an advisory resolution on executive compensation, and ratifying the independent auditor.

All seven director nominees were elected; for example, Anthony M. Abate received 17,296,129 votes for and 141,966 withheld, with 3,499,658 broker non-votes recorded for the director elections. The advisory, nonbinding vote to approve executive compensation passed with 14,934,297 votes for, 2,075,832 against, and 427,966 abstentions, plus 3,499,658 broker non-votes. Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as independent auditors for the fiscal year ending June 28, 2026, with 20,420,429 votes for, 92,906 against, and 424,418 abstentions.

Wolfspeed, Inc. updated equity compensation for its CEO, CFO and COO by amending their employment arrangements and confirming new stock-based awards. For CEO Robert Feurle, the company agreed to grant restricted stock units (RSUs) valued at $5,000,000 as a sign-on award, additional RSUs valued at $2,000,000 as an annual grant, and performance stock units (PSUs) valued at $3,000,000, each determined using a defined Reference Value and vesting over roughly three years.

CFO Gregor van Issum and COO David Emerson will receive similar sign-on and annual RSU and PSU packages, with values of $3,000,000, $800,000 and $1,200,000 for each executive. The PSU awards can range from no payout to double the target amount based on relative total shareholder return versus the Russell 3000, revenue for the fiscal year ending June 30, 2028 and leveraged free cash flow over specified performance periods, while RSUs and PSUs generally vest more quickly in the event of death or disability.

Wolfspeed, Inc. reported that it has received $698.6 million in cash tax refunds from the Internal Revenue Service. The refunds relate to the Advanced Manufacturing Investment Credit established under Section 48D of the Internal Revenue Code, which is aimed at supporting advanced manufacturing investments.

This large cash inflow significantly boosts Wolfspeed’s liquidity and financial flexibility, which can help fund ongoing operations and capital projects without relying as heavily on external financing. The company disclosed this news via a press release that is included as an exhibit.

Wolfspeed, Inc. filed a Form 8-K announcing that it has provided unaudited pro forma consolidated financial information and explanatory notes. The pro forma information gives effect to the company’s prepackaged plan of reorganization that became effective on September 29, 2025, and its adoption of fresh start accounting on that date in accordance with ASC 852.

The materials are furnished for informational purposes and are included as Exhibit 99.1, incorporated by reference. This update outlines how Wolfspeed’s financial presentation reflects the plan’s effectiveness and the accounting reset applied on September 29, 2025.

Wolfspeed, Inc. furnished an update on its business by announcing that it issued a press release with results for the fiscal first quarter ended September 28, 2025. The press release is attached as Exhibit 99.1 and incorporated by reference.

The information provided under Item 2.02 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act. The report was signed by Chief Financial Officer Gregor van Issum on October 29, 2025.

Wolfspeed filed an 8-K describing material restructuring agreements and related securities documents. The filing references a Joint Prepackaged Chapter 11 Plan of Reorganization and detailed terms governing a Renesas Warrant that may be extended by one year if a Regulatory Trigger Deadline occurs and provides Renesas the right to receive cash proceeds in lieu of shares until regulatory approvals are received. The Renesas Warrant includes a two-year Black Scholes protection feature. Wolfspeed commits to file a registration statement (S-1 or an S-3 Shelf) to register Registrable Securities within 45 days of the Plan Effective Date and, for Renesas-held securities, within 45 days of the Renesas Base Distribution Date; underwritten offerings must be effected within 10–15 business days depending on form. The filing lists multiple indentures and forms of new notes due 2030 and 2031, a Registration Rights Agreement, Investor Rights and Disposition Agreement with Renesas, long-term and management incentive plans, and two press releases.

Wolfspeed, Inc. reports that its prepackaged Chapter 11 plan of reorganization has been confirmed by the bankruptcy court and implemented. As of September 29, 2025, all previously issued and outstanding shares of Wolfspeed common stock were cancelled. Existing common stockholders received their pro rata share of 1,306,903 new common shares, based on an exchange ratio of 0.008352 per old share. If specified regulatory milestones are achieved before the defined Regulatory Trigger Deadline, stockholders will also receive their pro rata share of an additional 871,287 common shares at an exchange ratio of 0.005568 per old share, for a total of 2,178,190 shares and a consolidated exchange ratio of 0.013920. If the Regulatory Trigger Deadline occurs without those milestones being achieved, stockholders will not receive the contingent shares.

Wolfspeed, Inc. reports that a U.S. bankruptcy court has confirmed its prepackaged Chapter 11 plan of reorganization for the company and its debtor affiliate. The court entered the confirmation order on September 8, 2025, paving the way for Wolfspeed to proceed under the approved plan.

As part of that plan, Wolfspeed expects to convert from a North Carolina corporation to a Delaware corporation, with the corporate conversion anticipated to become effective on or about September 29, 2025. The company warns that trading in its common stock during the Chapter 11 process is highly speculative and that the trading price may bear little or no relationship to eventual recoveries.

Wolfspeed further states that equity holders may experience a significant loss on their investment and notes risks related to potential delisting of its common stock from the New York Stock Exchange, as well as uncertainties tied to the ultimate outcome and duration of the Chapter 11 cases.

Wolfspeed, Inc. filed a current report to let investors know it has released financial results for its fiscal fourth quarter ended June 29, 2025. The company issued a press release on August 25, 2025, and attached it as Exhibit 99.1.

The press release with the detailed numbers is being furnished under Item 2.02 of the Exchange Act, which means it is not deemed filed for liability purposes and is not automatically incorporated into other securities filings unless specifically referenced.

Wolfspeed, Inc. (NYSE: WOLF) filed an 8-K announcing the appointment of Gregor van Issum as Chief Financial Officer and Executive Vice President, effective 1 September 2025. Van Issum, 46, brings more than two decades of semiconductor-sector finance experience, most recently as EVP, Group Controller and Chief Transformation & Performance Officer at ams-OSRAM AG. He succeeds Kevin Speirits, who has served as interim CFO since May 2025 and will return to his prior role as SVP Finance.

The employment agreement, executed 6 July 2025 through Wolfspeed Europe GmbH, provides:

• Base salary: US$500,000.
• Target annual bonus: 75 % of base salary, prorated for 2025 and tied to Board-approved performance goals.
• Cash sign-on bonus: US$450,000, subject to full claw-back if the executive resigns or is terminated for cause within 12 months.
• Relocation reimbursement: up to US$150,000, gross-up for taxes.
• Inducement equity: RSUs valued at US$3.0 million, vesting 25 % annually over four years.
• Annual equity commencing 2025: (i) RSUs worth US$800,000 (25 % annual vesting) and (ii) PSUs worth US$1.2 million, vesting 1 September 2028 with up to 2× payout based on relative total shareholder return.

Termination may occur by either party without cause with three-month notice; van Issum will participate in the existing Senior Leadership Team Severance Plan. Standard indemnification and confidentiality agreements apply. A press release (Exhibit 99.1) announcing the appointment was issued 7 July 2025.

Investor take-away: The move installs a permanent, industry-seasoned CFO, ending a short interim period and reinforcing Wolfspeed’s leadership bench as it scales SiC capacity. Compensation is heavily equity-linked, aligning incentives with long-term shareholder value but adding modest dilution pressure.

Wolfspeed, Inc. (WOLF) has executed a Restructuring Support Agreement (RSA) that will place the company into a pre-packaged Chapter 11 proceeding to overhaul its capital structure. The RSA, signed on 22 June 2025, is backed by more than 97% of holders of Senior Secured Notes, over 67% of holders of its various Convertible Notes, and strategic customer Renesas Electronics America Inc. The plan will be implemented through a voluntary Chapter 11 filing no later than 1 July 2025, with emergence targeted by the end of Q3 2025.

Balance-sheet impact. The restructuring is projected to cut total debt by roughly 70%, or about $4.6 billion, and slash annual cash interest expense by approximately 60%. Senior Secured Noteholders will receive: (i) new senior secured notes with modified, lower-cash-interest terms, (ii) cash from the redemption of $250 million principal at 109.875% funded by a rights offering, and (iii) commitment fees. Convertible Noteholders will receive: (i) rights to participate in a fully backstopped $301.13 million rights offering for new second-lien convertible notes, (ii) $296 million of new second-lien take-back notes, and (iii) 56.3% of the new common equity (subject to dilution). Renesas is slated to obtain $204 million of new second-lien convertible notes, 38.7% of the new equity and warrants for an additional 5% (assuming full conversion).

Equity holder outcome. Existing shareholders are expected to receive only a pro-rata share of 3.0% or 5.0% of the post-reorganization common equity, resulting in substantial dilution. Registration rights for certain new shares will be granted to convertible noteholders.

Operational continuity. Management states that normal operations will continue during the Chapter 11 process; vendors, customers and employees will be paid in the ordinary course under debtor-in-possession status.

Key milestones. In addition to the 1 July filing deadline, the RSA stipulates: interim cash-collateral order within 3 days of filing; final cash-collateral order within 45 days; Bankruptcy Court approval of the disclosure statement and backstop agreement within 75 days; plan confirmation within 75 days; and plan effectiveness no later than four months post-petition, extendable by up to 90 days under specified conditions.

Strategic rationale. The company believes the pre-arranged plan, supported by the overwhelming majority of creditors, provides a swift path to materially lower leverage and interest burden without disrupting day-to-day business.