UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 15, 2022
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(Exact name of registrant as specified in its charter)
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| (State or other Jurisdiction of Incorporation) | (Commission File No.) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices, including zip code)
(877 ) 774-7000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
| Common Stock, $0.00001 par value per share | ENPH | Nasdaq Global Market | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 15, 2022, Jeff McNeil, Executive Vice President and Chief Operating Officer of Enphase Energy, Inc. (the “Company”), notified the Company of his intention to retire next year, effective as of March 31, 2023, from his position at the Company. Mr. McNeil is retiring for personal reasons and there are no disagreements between Mr. McNeil and the Company on any matters relating to the Company’s operations, policies, or practices.
In advance of his retirement, Mr. McNeil will transition from his current position to a full-time role as Chief Advisor, effective July 1, 2022. As Chief Advisor, Mr. McNeil will continue to report to Badri Kothandaraman, the Company’s Chief Executive Officer, and help facilitate the transition of his responsibilities as well as support other special projects. There are no changes to Mr. McNeil’s compensation. Consistent with the Company’s succession plan, the Company’s Customer Experience, Quality and Reliability, and Supply Chain functions, which all previously reported to Mr. McNeil, will report to Mr. Kothandaraman starting on July 1, 2022.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| By: June 22, 2022 | ENPHASE ENERGY, INC. | ||||||||||
| By: | /s/ BADRINARAYANAN KOTHANDARAMAN | ||||||||||
Badrinarayanan Kothandaraman | |||||||||||
| President and Chief Executive Officer | |||||||||||