UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of President and Chief Operating Officer - Wind
TPI Composites, Inc. (the “Company”) notified Ramesh Gopalakrishnan, the Company’s President and Chief Operating Officer – Wind, that his last day of employment with the Company was July 18, 2023.
Pursuant to Mr. Gopalakrishnan’s employment agreement, Mr. Gopalakrishnan will be entitled to severance equal to 12 months of his base salary plus an amount equal to 12 times the monthly contribution that the Company paid towards the cost of Mr. Gopalakrishnan’s health insurance assuming that Mr. Gopalakrishnan executes the form of separation agreement contained in his employment agreement, which contains a reaffirmation of Mr. Gopalakrishnan’s confidentiality, noncompetition and nonsolicitation obligations to the Company and a general release of claims by Mr. Gopalakrishnan.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TPI Composites, Inc. | ||||||
Date: July 18, 2023 | By: | /s/ William E. Siwek | ||||
William E. Siwek | ||||||
President and Chief Executive Officer |
Document and Entity Information |
Jul. 18, 2023 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | TPI COMPOSITES, INC |
Amendment Flag | false |
Entity Central Index Key | 0001455684 |
Document Type | 8-K |
Document Period End Date | Jul. 18, 2023 |
Entity Incorporation State Country Code | DE |
Entity File Number | 001-37839 |
Entity Tax Identification Number | 20-1590775 |
Entity Address, Address Line One | 9200 E. Pima Center Parkway |
Entity Address, Address Line Two | Suite 250 |
Entity Address, City or Town | Scottsdale |
Entity Address, State or Province | AZ |
Entity Address, Postal Zip Code | 85258 |
City Area Code | 480 |
Local Phone Number | 305-8910 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, par value $0.01 |
Trading Symbol | TPIC |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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