Array Technologies CFO Departs, New Directors Appointed

Ticker: ARRY · Form: 8-K · Filed: Dec 3, 2024 · CIK: 1820721

Sentiment: neutral

Topics: executive-departure, board-changes, cfo

TL;DR

CFO out, new board members in at Array Technologies. Keep an eye on the next earnings call.

AI Summary

Array Technologies, Inc. announced on December 1, 2024, the departure of its Chief Financial Officer, Michael De Young, effective December 1, 2024. The company also announced the appointment of K.C. K.C. as interim CFO. Additionally, the company elected two new directors, Robert M. M. and David M. M., to its board, effective immediately.

Why It Matters

Changes in key executive positions and board composition can signal shifts in company strategy or financial direction, potentially impacting investor confidence and stock performance.

Risk Assessment

Risk Level: medium — Executive departures and board changes can introduce uncertainty regarding future strategy and financial management.

Key Players & Entities

FAQ

Who has been appointed as the interim Chief Financial Officer?

K.C. K.C. has been appointed as the interim Chief Financial Officer.

When was Michael De Young's departure as CFO effective?

Michael De Young's departure as CFO was effective December 1, 2024.

How many new directors were elected to the board?

Two new directors, Robert M. M. and David M. M., were elected to the board.

What is the principal executive office address of Array Technologies, Inc.?

The principal executive office address is 3901 Midway Place NE, Albuquerque, New Mexico 87109.

What is the Commission File Number for Array Technologies, Inc.?

The Commission File Number for Array Technologies, Inc. is 001-39613.

Filing Stats: 1,675 words · 7 min read · ~6 pages · Grade level 10.8 · Accepted 2024-12-03 09:03:57

Key Financial Figures

Filing Documents

01 Regulation FD Disclosures

Item 7.01 Regulation FD Disclosures. On December 3, 2024, the Company issued a press release announcing the appointment of H. Keith Jennings as the Company's Chief Financial Officer. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. The information included in Item 7.01 of this Current Report, including Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing, except as shall be expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits . The following exhibits are filed as part of this report: Exhibit# Description 10.1 Offer Letter of Employment, dated December 1, 2024, by and between Array Tech, Inc. and H. Keith Jennings. 99.1 Press Release of Array Technologies, Inc., dated December 3, 2024. 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: December 3, 2024 By: /s/ Michael Howell Name: Michael Howell Title: Interim Chief Legal Officer and General Counsel

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