Business Context and Reporting Period
This Form 8-K is a current report filed by Complete Solaria, Inc. (trading symbol: SPWR) on July 22, 2025. The registrant is a Delaware corporation incorporated following the acquisition of SunPower Corporation, which closed on September 30, 2024. The report addresses executive leadership changes within the finance function.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Departure of CFO: Daniel Foley resigned from his position as Chief Financial Officer effective July 22, 2025.
- Appointment of Interim CFO: Jeanne Nguyen was appointed as Interim Chief Financial Officer and Principal Financial Officer, effective July 22, 2025.
Management Commentary and Risks
Management Commentary: The Company highlighted Ms. Nguyen's qualifications, noting she has served as Corporate Controller since the SunPower acquisition closing in September 2024. She brings over 23 years of accounting and finance experience, including prior roles as Corporate Controller at SunPower Corporation (2023–2024) and Convoy Inc. (2016–2023), and as a senior manager at PricewaterhouseCoopers. She is a certified public accountant.
Compensatory Arrangements and Relationships: The filing states that no arrangement or understanding exists regarding Ms. Nguyen's selection. There are no disclosed family relationships with directors or officers, and no transactions requiring disclosure under Item 404(a) of Regulation S-K.
Risks and Contingencies: The filing does not disclose specific new risks or contingencies beyond the standard disclosure of executive turnover.
Investor Verification Checklist
- Verify the effective date of Daniel Foley's resignation and the transition plan for the CFO role.
- Confirm Jeanne Nguyen's tenure as Corporate Controller and her specific responsibilities during the interim period.
- Review subsequent filings for the appointment of a permanent Chief Financial Officer.
- Check for any undisclosed compensation agreements related to the departure of the former CFO.