UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 21, 2022, Eric Sidle notified ChargePoint Holdings, Inc. (the “Company”) of his intention to resign from his position as Chief Technology Officer of the Company effective as of January 31, 2023. The Company will disclose the terms of any separation agreement governing Mr. Sidle’s departure, once determined, in a subsequent Current Report on Form 8-K.
On December 22, 2022, the Company amended the duties and changed the title for Rick Wilmer to Chief Operating Officer. Previously, Mr. Wilmer had served as the Company’s Chief Customer and Operations Officer since July 11, 2022. In connection with his appointment as Chief Operating Officer, Mr. Wilmer will be paid an annual base salary of $475,000 (“Base Salary”), and Mr. Wilmer will be eligible to participate in the Company’s executive bonus program with a target bonus equal to 75% of his Base Salary. In addition, Mr. Wilmer will be eligible to receive a restricted stock unit award (“RSU Award”) with a target value of $2,000,000. The RSU Award will be subject to vesting and other terms and conditions as set forth in the applicable agreement underlying such awards. The Company will file any amended employment agreement with respect to Mr. Wilmer’s promotion in connection with filing its Annual Report on Form 10-K.
SIGNATURES
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.
| CHARGEPOINT HOLDINGS, INC. | ||
| By: | /s/ Rebecca Chavez | |
| Name: Rebecca Chavez | ||
| Title: General Counsel | ||
Date: December 22, 2022