Owlet, Inc. appointed new CEO

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

Compensatory Arrangements of Certain Officers.


The board of directors of Owlet, Inc. (the "Company") appointed the Company's co-founder and Chief Executive Officer, Kurt Workman, as President and Chief Executive Officer of the Company, effective September 1, 2022. Mr. Workman was appointed to the President role in order to facilitate an orderly executive transition upon the departure of Michael Abbott from the Company, as previously reported in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on August 11, 2022.


There are no arrangements or understandings between Mr. Workman and any other person pursuant to which Mr. Workman was selected as President and Chief Executive Officer. There are no family relationships, as defined in Item 401(d) of Regulation S-K, between Mr. Workman and any director, executive officer or person nominated or chosen by the Company to become a director or executive officer. Furthermore, there are no transactions in which Mr. Workman had or will have an interest requiring disclosure under Item 404(a) of Regulation S-K.


In connection with his appointment, Mr. Workman's compensation will remain unchanged, and the Company has not entered into any new or amended compensation plans, contracts or arrangements with, or made any grant or award (or any modification thereto) to, Mr. Workman as of the date hereof.


Biographical information for Mr. Workman, as required by Item 5.02(c) of Form 8-K, was previously reported in the "Proposal 1-Election of Directors - Director & Director Nominee Qualifications and Biographical Information - Class II Directors Whose Terms Expire at the 2023 Annual Meeting of Shareholders" section of the Company's Definitive Proxy Statement filed with the SEC on May 2, 2022 and is incorporated by reference into this Item 5.02.