Ascent Solar Technologies Inc. has entered into new employment agreements with its top executives, effective January 1, 2026. Under the new terms, CEO Paul Warley will receive an annual base salary of $450,000 and be eligible for a discretionary annual incentive bonus of up to 150% of his base salary. If terminated without cause or after a change in control, or if he resigns for good reason, Warley will receive 24 months of base salary, 12 months of paid health insurance under COBRA, and full vesting of any outstanding stock options or equity incentives. He is also eligible for a moving allowance of up to $30,000 if he relocates to Colorado, and the company will purchase a $1 million life insurance policy for his spouse. COO Bobby Gulati and CFO Jin Jo will each receive an annual base salary of $255,000 and be eligible for a discretionary annual incentive bonus of up to 100% of their base salary. If terminated without cause or after a change in control, or if they resign for good reason, they will each be entitled to 12 months of base salary, 12 months of paid health insurance under COBRA, and full vesting acceleration of any outstanding stock options or equity incentives. The executives will also participate in the company's equity incentive and standard benefit plans.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ascent Solar Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001553350-25-000224), on December 31, 2025, and is solely responsible for the information contained therein.