SunPower Corporation (NASDAQ:SPWR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 25, 2019, Vidul Prakash, Vice President & Principal Accounting Officer of SunPower Corporation (the “Company”) communicated his intention to leave the Company effective March 8, 2019 to pursue a new career opportunity. On February 28, 2019, the Company announced that Vichheka Heang, currently the Company’s Corporate Controller, has been appointed as Principal Accounting Officer of the Company. Ms. Heang succeeds Mr. Prakash, who will continue in his role as the Company’s Vice President, Finance, as he transitions out of the Company.
Ms. Heang, 39, joined the Company in March 2017 as its Senior Director, Technical Accounting and Financial Reporting, and has served as its Corporate Controller since November 2018. From November 2013 to February 2017, she led the technical accounting, financial reporting, and accounting policy function at Atmel Corporation, which was acquired by Microchip Technology in April 2016, most recently serving as Assistant Corporate Controller. Earlier in her career, she worked for more than 10 years at Deloitte & Touche in the audit and assurance practice. Ms. Heang earned her Bachelor of Science in Business Administration at San Jose State University, and is a Certified Public Accountant.
There are no arrangements or understandings between Ms. Heang and any other persons to which Ms. Heang was named to this position with the Company. Ms. Heang does not have any family relationship with any of the Company’s directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer. Ms. Heang has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Section 404(a) of Regulation S-K or Item 5.02(d) of Form 8-K.
About SunPower Corporation (NASDAQ:SPWR)
SunPower Corporation is a global energy company. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: Residential Segment, Commercial Segment and Power Plant Segment. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements. It offers post-installation systems monitoring and maintenance in connection with its construction contracts and commercial power purchase. The Company offers SunPower InvisiMount residential mounting system in its product portfolio. The Company offers Helix system, which is a pre-engineered, modular solution that combines its solar module technology with plug-and-play power stations, cable management systems and mounting hardware that enables customers to scale their solar programs with minimal business disruption. It offers modular solar power block, the Oasis system.