On March 25, 2026, SunPower Inc. held a Special Meeting of Stockholders where significant amendments to the company's 2023 Equity Incentive Plan were approved. The most notable change was the increase in the total number of shares of common stock reserved for issuance under the plan, which has now been raised to 44,573,109 shares. This adjustment is expected to enhance the company's ability to attract and retain talent through equity compensation, aligning employee interests with those of shareholders. The approval of this amendment reflects the company's commitment to maintaining a competitive edge in the renewable energy sector by ensuring that it can offer attractive compensation packages. The decision was made with a strong majority, indicating robust support from shareholders. The increase in share reserve is seen as a strategic move to bolster the company's growth and operational execution in a rapidly evolving market. The details of the amendment can be found in Exhibit 10.1 of the filing, which outlines the specific changes made to the plan. This development is likely to have a positive impact on the company's stock price as it positions SunPower to better compete for top talent in the industry.

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