WOLFSPEED, INC. 8-K

What Happened

• Wolfspeed, Inc. (WOLF) announced on July 29, 2026 (appointment effective July 28, 2026) that Andreas W. Mattes has been appointed to its Board of Directors and named chair of the Compensation Committee. Mr. Mattes is a 65‑year‑old executive with prior roles including President & CEO of Coherent, Inc. (Apr 2020–Jul 2022) and senior leadership positions at McKinsey (advisor), Diebold Nixdorf, Hewlett Packard and Siemens. The company also disclosed that it moved its 2026 Annual Meeting of Stockholders to Tuesday, October 27, 2026, and set updated deadlines for shareholder proposals and nominations.

Key Details

• Appointment and role: Andreas W. Mattes appointed to Wolfspeed’s Board and as Compensation Committee chair, effective July 28, 2026; Board determined he is an independent director.
• Director pay: $80,000 annual cash retainer for Board service plus $20,000 annual cash retainer for serving as Compensation Committee chair.
• Equity and incentives: Initial restricted stock unit (RSU) award with grant‑date fair value of $500,000 (vests 1/3 on first anniversary, remainder quarterly over two years); eligible for an annual RSU award worth $200,000 (vests in full after one year); eligible for the 2025 Management Incentive Compensation Plan.
• Annual meeting and deadlines: 2026 Annual Meeting advanced to Oct 27, 2026. To be included in proxy materials, Rule 14a‑8 shareholder proposals must be received by Aug 7, 2026; Rule 14a‑19 universal proxy notices for director nominations must be postmarked or transmitted by Aug 28, 2026.

Why It Matters

• Governance: The addition of an experienced industry executive as Compensation Committee chair could influence executive pay and oversight. The Board labeled Mr. Mattes independent and he will enter the company’s standard director indemnification agreement.
• Shareholder actions and timing: Moving the annual meeting to Oct 27 changes the timelines for submitting shareholder proposals and director nominations—important for investors who plan to submit proposals or nominate directors for 2026. The filing provides the specific new deadlines (Aug 7 and Aug 28, 2026) investors must meet to be included in proxy materials or to comply with universal proxy rules.