Array Technologies Appoints New CFO, General Counsel, and Directors
Ticker: ARRY · Form: 8-K · Filed: May 28, 2024 · CIK: 1820721
Sentiment: neutral
Topics: management-change, board-composition, executive-appointment
TL;DR
Array Tech gets a new CFO (Michael DeHoog), GC (Karyn Smith), and 2 new board members. Big leadership shakeup!
AI Summary
Array Technologies, Inc. announced on May 21, 2024, that its Board of Directors has appointed Michael DeHoog as Chief Financial Officer, effective immediately. DeHoog previously served as the company's Senior Vice President of Finance. The company also announced the appointment of Karyn Smith as General Counsel and Corporate Secretary, and the election of two new independent directors, David M. Miller and David L. R. Smith, to its Board of Directors.
Why It Matters
This filing indicates significant leadership changes within Array Technologies, including the appointment of a new CFO and General Counsel, as well as the addition of new independent directors, which could signal strategic shifts or a focus on governance.
Risk Assessment
Risk Level: medium — Changes in key executive positions and board composition can introduce uncertainty and potential shifts in strategy, impacting investor confidence.
Key Players & Entities
- Array Technologies, Inc. (company) — Registrant
- Michael DeHoog (person) — Appointed Chief Financial Officer
- Karyn Smith (person) — Appointed General Counsel and Corporate Secretary
- David M. Miller (person) — Elected Independent Director
- David L. R. Smith (person) — Elected Independent Director
- May 21, 2024 (date) — Effective date of appointments
FAQ
Who has been appointed as the new Chief Financial Officer of Array Technologies?
Michael DeHoog has been appointed as the new Chief Financial Officer of Array Technologies.
When were the appointments of the new CFO and General Counsel effective?
The appointments of Michael DeHoog as CFO and Karyn Smith as General Counsel were effective immediately as of May 21, 2024.
Who are the newly elected independent directors to Array Technologies' Board?
David M. Miller and David L. R. Smith have been elected as new independent directors to Array Technologies' Board.
What was Michael DeHoog's previous role at Array Technologies?
Michael DeHoog previously served as the Senior Vice President of Finance at Array Technologies.
What other officer role was filled in this filing?
Karyn Smith was appointed as General Counsel and Corporate Secretary.
Filing Stats: 1,132 words · 5 min read · ~4 pages · Grade level 12.3 · Accepted 2024-05-24 21:27:01
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 Par Value ARRY Nasdaq Global Market
- $345,000 — Section 401(a)(17) compensation limit ($345,000 for 2024). The Plan matching contributi
Filing Documents
- d844337d8k.htm (8-K) — 38KB
- d844337dex101.htm (EX-10.1) — 307KB
- 0001193125-24-147322.txt ( ) — 502KB
- arry-20240521.xsd (EX-101.SCH) — 3KB
- arry-20240521_lab.xml (EX-101.LAB) — 17KB
- arry-20240521_pre.xml (EX-101.PRE) — 11KB
- d844337d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits . The following exhibits are filed as part of this report: Exhibit# Description 10.1 Array Technologies, Inc. Deferred Compensation Plan. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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. Array Technologies, Inc. Date: May 24, 2024 By: /s/ Tyson Hottinger Name: Tyson Hottinger Title: Chief Legal Officer and Corporate Secretary