Item 5.02 Departure of Directors or Certain Officers; Election of Directors;


                  Appointment of Certain Officers; Compensatory

Arrangements of Certain
                  Officers.



On January 23, 2023, the board of directors (the "Board") of Wolfspeed, Inc.
(the "Company") voted to increase the size of the Board from nine (9) to ten
(10) directors and elected Stacy J. Smith, age 60, as a member of the Board to
fill the resulting vacancy. The Board also appointed Mr. Smith as a member of
the Board's Audit Committee and Governance and Nominations Committee, with such
appointments effective as of January 23, 2023.

Mr. Smith has served as Executive Chairman of Kioxia Corporation (formerly
Toshiba Memory Corporation) since October 2018 and as non-executive chair and
member of the board of directors of Autodesk, Inc. (Nasdaq: ADSK) since June
2018 and November 2011, respectively. Mr. Smith also previously served on the
board of directors of Metromile, Inc., from July 2018 to February 2021. Mr.
Smith previously served as Group President of Sales, Manufacturing and
Operations at Intel Corporation (Nasdaq: INTC) from February 2017 to January
2018. He served as the Executive Vice President, Manufacturing, Operations and
Sales from October 2016 to February 2017. From November 2012 to October 2016, he
served as Executive Vice President, Chief Financial Officer. Previously, Mr.
Smith served as Senior Vice President, Chief Financial Officer from January 2010
to November 2012; Vice President, Chief Financial Officer from 2007 to 2010; and
Vice President, Assistant Chief Financial Officer from 2006 to 2007. From 2004
to 2006, Mr. Smith served as Vice President, Finance and Enterprise Services and
Chief Information Officer. Mr. Smith joined Intel in 1988. Mr. Smith also serves
on The California Chapter of The Nature Conservancy Board of Trustees and the
University of Texas McCombs School of Business Advisory Board. Mr. Smith's
qualifications to serve as a director include his management positions with
Intel, including in finance and executive roles, providing him with critical
insight into the operational requirements of a global semiconductor company and
management and consensus-building skills.

The Company will compensate Mr. Smith for his services as a director in
accordance with the Schedule of Compensation for Non-Employee Directors filed as
Exhibit 10.1 to this Current Report on Form 8-K (this "Report") and incorporated
by reference herein. Pursuant to these arrangements, on January 23, 2023, the
Company issued Mr. Smith restricted stock units ("RSUs") to acquire shares of
the Company's common stock with a value of $200,000. The Company granted the
RSUs under its 2013 Long-Term Incentive Compensation Plan. The award vests on
the first anniversary of the grant date, subject to continued service with the
Company. In addition, commencing with the Company's fourth fiscal quarter, the
Company will pay Mr. Smith a cash retainer in advance at the quarterly rate of
$17,500 for service as a member of the Board, $3,750 for service as a member of
the Audit Committee, and $1,250 for service as a member of the Governance and
Nominations Committee. Mr. Smith will be paid a portion of the retainer for the
Company's third quarter, prorated based on the number of days remaining in the
Company's third quarter.

In connection with his election, Mr. Smith will enter into the Company's
standard form of indemnification agreement for directors and officers, a copy of
which is filed as   Exhibit 10.1   to the Company's Current Report on Form 8-K,
dated October 25, 2010, as filed on October 29, 2010, and is incorporated by
reference herein.

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There is no arrangement or understanding between Mr. Smith and any other person
pursuant to which Mr. Smith was appointed as a director. Mr. Smith is not a
party to any transaction that would require disclosure under Item 404(a) of
Regulation S-K promulgated under the Securities Act of 1933, as amended. The
Board determined that Mr. Smith satisfies the New York Stock Exchange definition
of "independent director." As of January 23, 2023, Mr. Smith did not
beneficially own any shares of the Company's common stock. The address for Mr.
Smith is c/o Wolfspeed, Inc. at 4600 Silicon Drive, Durham, NC 27703.

The press release issued by the Company on January 25, 2023 announcing the election of Mr. Smith is included as Exhibit 99.1 to this Report and is incorporated herein by reference.




Item 9.01   Financial Statements and Exhibits.



(d)  Exhibits

          Exhibit No.                      Description of Exhibit

          10.1                               Schedule of Compensation of Non-Employee Directors
          99.1                               Press Release dated January 25, 2023
          104                              Cover Page Interactive Data File (embedded within the Inline
                                           XBRL document)

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