Dive Brief:

• SunEdison continues to deal with the aftermath of its bankruptcy announcement last month, and has given its chief financial officer final notice while also delaying the company's first quarter earnings.
• The company informed the U.S. Securities and Exchange Commission last week in an 8-K that it had given 30-day notice to CFO Brian Wuebbels, who also served as Chief Administration Officer and Chief Accounting Officer.
• SunEdison said separately that its earnings would be delayed because the complexity of filing had "increased substantially" following the bankruptcy announcement.

Dive Insight:

SunEdison filed for Chapter 11 bankruptcy protection on April 21, and since then has been going through steps to wind down corporate operations. 

Earlier this month the company informed federal regulators that its stock would be de-listed from the New York Stock Exchange, and that it selected John Dubel to serve as Chief Restructuring Officer, reporting directly to the independent directors of SunEdison's board. Now, former CFO Wuebbels will report for Dubel until his last day, on June 9, as Advisor to the Chief Restructuring Officer.

And filing for Chapter 11 wil delay the company's financials, SunEdison told the SEC.

"The complexity of completing the Form 10-K and the Form 10-Q has increased substantially compared to the prior periods due to the company’s previously disclosed filing of a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code," the company said in a Form 12b-25.

SunEdison's fall was precipitated by an acquisition spree that drove its total debt to $11.7 billion by fall of last year, more than double year-before levels. The company was acquiring projects and companies on six continents, prompting questions from investors whether it borrowed too much, too fast.