Summary by Moomoo AI
SunPower Corporation, a renewable energy company based in California, has reported the issuance of retention bonuses to its named executive officers, as per a Form 8-K filing with the SEC dated July 24, 2024. The company, listed on the Nasdaq Stock Market under the symbol SPWR, has entered into agreements with executives Elizabeth Eby and Eileen Evans, granting them retention bonuses of $97,000 and $373,000 respectively. These bonuses were paid in advance on July 26, 2024, with the stipulation that they must be repaid if the executive's employment is terminated for cause or voluntarily before the specified vesting dates of September 30, 2024, for Eby, and January 31, 2025, for Evans. The details of these retention bonuses are outlined in the exhibits attached to the SEC filing.
