Management ChangeJul 29, 2026, 08:07 AM
Wolfspeed Appoints Andy W. Mattes to Board, Compensation Committee Chair
AI Summary
Wolfspeed, Inc. appointed Andreas W. Mattes to its Board of Directors and as chair of the Compensation Committee, effective July 28, 2026. Mattes brings over 40 years of leadership experience in the semiconductor and advanced technology industries, including CEO roles at Coherent and Diebold Nixdorf. The company also announced its 2026 Annual Meeting of Stockholders will be held on October 27, 2026, and updated the deadlines for stockholder proposals and director nominations.
Key Highlights
- Andy W. Mattes appointed to Wolfspeed's Board of Directors, effective July 28, 2026.
- Mattes also named Chair of the Board's Compensation Committee.
- He brings over 40 years of leadership experience in semiconductor and advanced technology industries.
- Annual cash retainer of $80,000 for board service, plus $20,000 as Compensation Committee chair.
- Initial RSU equity award valued at $500,000, vesting over three years.
- Eligible for annual RSU award valued at $200,000.
- 2026 Annual Meeting of Stockholders scheduled for October 27, 2026.
- Stockholder proposal deadline for 2026 Annual Meeting is August 7, 2026.
Price Impact
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