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): May 15, 2024
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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 Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices, including zip code)
(707 ) 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 | ||||||||||||
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 5.07. Submission of Matters to a Vote of Security Holders.
The Annual Meeting of Stockholders of Enphase Energy, Inc. (the “Company”) was held on May 15, 2024 (the “Annual Meeting”). Proxies for the Annual Meeting were solicited by the Company's Board of Directors (the "Board") pursuant to Section 14(a) of the Securities Exchange Act of 1934, as amended, and there was no solicitation in opposition to the Board’s solicitations. As of March 19, 2024, the record date for the Annual Meeting, 135,988,561 shares of Common Stock of the Company were outstanding and entitled to vote at the Annual Meeting, of which 111,862,409 shares of Common Stock of the Company were represented, in person or by proxy, constituting a quorum. The final votes on the proposals presented at the Annual Meeting were as follows:
Proposal 1: Election of Directors
Badri Kothandaraman and Joseph Malchow were elected as directors to hold office until the 2027 Annual Meeting of Stockholders by the following vote:
| Nominee | Votes For | Votes Withheld | Broker Non-Votes | |||||||||||||||||
| Badri Kothandaraman | 87,940,904 | 6,244,233 | 17,677,272 | |||||||||||||||||
| Joseph Malchow | 65,488,513 | 28,696,624 | 17,677,272 | |||||||||||||||||
In addition to the directors elected above, Steven J. Gomo, Jamie Haenggi, Benjamin Kortlang, Richard Mora and Thurman John Rodgers, continue to serve as directors after the Annual Meeting.
Proposal 2: Advisory Vote on the Compensation of Named Executive Officers
The compensation of the Company’s named executive officers was approved, on an advisory basis, by the following vote:
| Votes For | Votes Against | Abstentions | Broker Non-Votes | |||||||||||||||||
| 70,385,672 | 21,874,234 | 1,925,231 | 17,677,272 | |||||||||||||||||
Proposal 3: Advisory Vote on the Frequency of Stockholder Advisory Votes on Executive Compensation
Annual stockholder votes on executive compensation was approved, on an advisory basis, by the following vote:
| One Year | Two Years | Three Years | Abstain | Broker Non-Votes | ||||||||||||||||||||||
| 93,036,580 | 178,171 | 860,507 | 109,879 | 17,677,272 | ||||||||||||||||||||||
In accordance with the Board's recommendation and based on the results of the vote of the Company's stockholders, the Board has determined that the Company will hold a stockholder advisory vote on named executive officer compensation every year.
Proposal 4: Ratification of Appointment of Deloitte & Touche LLP
The selection of Deloitte & Touche LLP by the Audit Committee of the Board as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 was ratified by the following vote:
| Votes For | Votes Against | Abstentions | ||||||||||||
| 109,343,016 | 2,159,450 | 359,943 | ||||||||||||
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: May 16, 2024 | ENPHASE ENERGY, INC. | ||||||||||
| By: | /s/ Mandy Yang | ||||||||||
| Mandy Yang | |||||||||||
| Chief Financial Officer | |||||||||||