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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.
As reported by ChargePoint Holdings, Inc. (the “Company”) in its Current Report on Form 8-K dated September 29, 2022, Colleen Jansen resigned as the Company’s Chief Marketing Officer effective September
29, 2022.
In connection with Ms. Jansen’s resignation, on October 24, 2022, Ms. Jansen, the Company and its wholly owned subsidiary, ChargePoint, Inc., entered into a Transition and Separation Agreement (the “Jansen Agreement”). Under the terms of the Jansen Agreement, Ms. Jansen will continue to provide transition services through December 30, 2022 (the “Transition Period”) and, during the Transition Period, will continue to receive payment of her base salary as in effect on her resignation date and participate in the Company’s welfare and retirement benefit plans, subject to the terms and conditions of
those plans. In addition, Ms. Jansen’s equity incentive awards will remain outstanding and continue to vest in accordance with their terms during the Transition Period.
Following the conclusion of the Transition Period, Ms. Jansen’s employment with the Company will terminate and she will be eligible to receive severance benefits in accordance with the terms of her existing Severance and Change in Control Agreement, as described in the Company’s Definitive Proxy Statement, filed with the Securities and Exchange Commission on May 27, 2022, as well as reimbursement for the employer portion of monthly COBRA premiums until July 30, 2023.
The above description of the Jansen Agreement is not complete and is qualified in its entirety by reference to the full text of the Jansen Agreement, which is expected to be filed as an exhibit to the Company’s quarterly report on Form 10-Q for its third quarter ended October 31, 2022.
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.