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 December 22, 2022, Eric Sidle resigned as the Company's Chief
Technology Officer effective as of January 31, 2023.
In connection with Mr. Sidle's resignation, on January 10, 2023, Mr. Sidle, the
Company and its wholly owned subsidiary, ChargePoint, Inc., entered into a
Transition and Separation Agreement and General Release (the "Sidle Agreement").
Under the terms of the Sidle Agreement, Mr. Sidle will continue to provide
transition services through March 30, 2023 (the "Transition Period") and, during
the Transition Period, will continue to receive payment of his base salary as in
effect on his resignation date and participate in the Company's welfare and
retirement benefit plans, subject to the terms and conditions of those plans.
Mr. Sidle's equity incentive awards will remain outstanding and continue to vest
in accordance with their terms during the Transition Period. In addition, Mr.
Sidle will be eligible to receive his fiscal 2023 bonus, as and if such fiscal
2023 bonus is approved by the Company's board of directors.
Following the conclusion of the Transition Period, Mr. Sidle's employment with
the Company will terminate and he will be eligible to receive severance benefits
in accordance with the terms of his 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 September 30, 2023.
The above description of the Sidle Agreement is not complete and is qualified in
its entirety by reference to the full text of the Sidle Agreement, which is
expected to be filed as an exhibit to the Company's Annual Report on Form 10-K
for its fiscal year ended January 31, 2023.
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