SPRU · Spruce Power Holding Corp · Executive Compensation
$1.63
+0.07 (+4.36%)
At close · Oct 6
Return incl. dividend (before tax)
Going-concern doubt
— flagged Aug 13, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Because (i) the Amended SP1 Maturity Date and the SP2 Maturity Date are within twelve months from the date the accompanying unaudited condensed consolidated financial statements are issued, (ii) the Company has not yet entered into a commitment to refinance the SP1 or SP2 Facility, (iii) the Company has determined that it is unlikely to have sufficient cash on hand or proceeds from currently available liquidity sources to satisfy the SP1 Facility at the Amended SP1 Maturity Date or the SP2 Facility at the SP2 Maturity Date, (iv) the Company had negative working capital of $175.0 million as of June 30, 2026 due to the current maturity of the SP1 Facility and SP2 Facility, and (v) the Company has experienced recurring net losses and negative cash flows from operations for the six months ended June 30, 2026 and 2025, these conditions raise substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Aug 13, 2026
Market Cap
$37.35M
Shares
19.25M
Volume · Oct 6
21.76K
Avg daily vol (3M)
100.43K
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| Christopher Hayes | President and CEO | $2,196,806 |
| Thomas J. Cimino | Chief Financial Officer | $847,545 |
| Jonathan M. Norling | Chief Legal Officer | $815,755 |
| Sarah Weber Wells | Former Chief Financial Officer and Head of Sustainability | $126,842 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Christopher Hayes | President and CEO | $2,197,306 |
| Christian Fong | Former President and CEO | $2,082,483 |
| Sarah Weber Wells | Former Chief Financial Officer and Head of Sustainability | $921,326 |
| Jonathan M. Norling | Chief Legal Officer | $844,121 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Eric Tech | Former President and CEO | $1,889,652 |
| Christian Fong | Former President and CEO | $1,317,900 |
| Jonathan M. Norling | Chief Legal Officer | $882,822 |
| Donald Klein | Former Chief Financial Officer | $849,992 |
| Sarah Weber Wells | Former Chief Financial Officer and Head of Sustainability | $822,305 |
| Stacey Constas | — | $688,574 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Eric Tech | Former President and CEO | $2,585,854 |
| Colleen Calhoun | Former VP and General Manager of XL Grid Thomas (Tod) Hynes III | $1,202,164 |
| James Berklas | Former VP – Corporate Development & General Counsel | $477,850 |
| Donald Klein | Former Chief Financial Officer | $470,685 |
| Christian Fong | Former President and CEO | $415,214 |
| Former General Counsel | — | $371,905 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Dimitri Kazarinoff | — | $4,839,218 |
| Eric Tech | CEO | $2,100,000 |
| Former CEO | — | $2,100,000 |
| James Berklas | Former VP – Corporate Development & General Counsel | $1,050,534 |
| Cielo Hernandez | Former Chief Financial Officer | $889,055 |
| Tod Hynes | Founder & President | $364,100 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| Former CEO | — | $1,186,735 |
| Dimitri Kazarinoff | Chief Executive Officer | $650,500 |
| Dimitri N. Kazarinoff | Chief Executive Officer | $650,500 |
| Tod Hynes | Founder & President | $556,826 |
| Thomas J | Hynes, III, President | $527,860 |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| Dimitri Kazarinoff | Chief Executive Officer | $782,324 |
| Dimitri N. Kazarinoff | Chief Executive Officer | $782,324 |
| Thomas J | Hynes, III, President | $290,000 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Benjamin Rosenzweig | Class B director | Appointed | 2026-09-16 |
| Clara Nagy McBane | Director | Resigned | 2026-09-16 |
| Bobby L. Owens | General Counsel | Appointed | 2026-07-16 |
| Ja-chin Audrey Lee | director | Resigned | 2026-06-24 |
| Thomas J. Cimino | Chief Financial Officer | Appointed | 2025-12-10 |
| Thomas J. Cimino | Interim Chief Financial Officer | Appointed | 2025-06-11 |
| Sarah Wells | Head of Sustainability | Resigned | 2025-05-06 |
| Sarah Wells | Chief Financial Officer | Resigned | 2025-05-06 |
| Clara Nagy McBane | new member of its Board of Directors | Appointed | 2024-06-24 |
| Clara Nagy McBane | Class B director | Appointed | 2024-06-24 |
| Audrey Lee | Class C director | Appointed | 2024-04-15 |
| Christian Fong | director | Resigned | 2024-04-15 |
| Christian Fong | Chief Executive Officer and President | Resigned | 2024-04-15 |
| Christopher Hayes | Chief Executive Officer and President | Appointed | 2024-04-15 |
| Donald Klein | Chief Financial Officer | Terminated | 2023-05-12 |
| Sarah Weber Wells | Chief Financial Officer | Appointed | 2023-05-12 |
| Eric Tech | Chief Executive Officer | Resigned | 2023-02-02 |
| Christian Fong | Chief Executive Officer | Appointed | 2023-02-02 |
| Christopher Hayes | Chair of the Board | Appointed | 2022-12-21 |
| Sarah Sclarsic | Board of Directors | Resigned | 2022-12-21 |
| Debora M. Frodl | Board of Directors | Retired | 2022-12-21 |
| Debora M. Frodl | Chair of the Board | Retired | 2022-12-21 |