Capstone Green Energy Names Bob Rotondi CEO

TL;DR

Capstone Green Energy names Bob Rotondi permanent CEO, effective immediately.

AI Summary

On March 12, 2024, Capstone Green Energy Holdings, Inc. announced the appointment of Robert C. (Bob) Rotondi as Chief Executive Officer, effective immediately. Rotondi, who has served as interim CEO since January 2024, will also join the Board of Directors. He previously held executive roles at companies including GE Power and Rolls-Royce Power Systems.

Why It Matters

The appointment of a permanent CEO signals a new phase of leadership and strategic direction for Capstone Green Energy, potentially impacting its operational focus and market performance.

Risk Assessment

Risk Level: low — This filing is an 8-K announcing a routine executive appointment, which typically carries low immediate risk.

Key Players & Entities

• Capstone Green Energy Holdings, Inc. (company) — Registrant
• Robert C. (Bob) Rotondi (person) — Appointed CEO
• GE Power (company) — Previous employer of CEO
• Rolls-Royce Power Systems (company) — Previous employer of CEO

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share N/A N/A Indicate by che
• $550,000 — Board approved an annual base salary of $550,000, effective as of the Effective Date. Mr

Filing Documents

• tmb-20240312x8k.htm (8-K) — 52KB
• tmb-20240312xex10d1.htm (EX-10.1) — 656KB
• tmb-20240312xex10d2.htm (EX-10.2) — 76KB
• tmb-20240312xex99d1.htm (EX-99.1) — 24KB
• tmb-20240312xex10d1002.jpg (GRAPHIC) — 10KB
• tmb-20240312xex10d1007.jpg (GRAPHIC) — 10KB
• tmb-20240312xex99d1001.jpg (GRAPHIC) — 13KB
• 0001558370-24-002988.txt ( ) — 1074KB
• tmb-20240312.xsd (EX-101.SCH) — 4KB
• tmb-20240312_def.xml (EX-101.DEF) — 3KB
• tmb-20240312_lab.xml (EX-101.LAB) — 16KB
• tmb-20240312_pre.xml (EX-101.PRE) — 11KB
• tmb-20240312x8k_htm.xml (XML) — 5KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 8, 2024, the Board of Directors (the "Board") of Capstone Green Energy Holdings, Inc. (the "Company") appointed Vincent J. Canino as President and Chief Executive Officer of the Company (serving as the Company's Principal Executive Officer) and as a member of the Board, each effective as of March 11, 2024 (the "Effective Date"). To appoint Mr. Canino as a director, the Board increased the size of the Board from six to seven members. In connection with the appointment of Mr. Canino as President and Chief Executive Officer, Robert C. Flexon, the current interim President and Chief Executive Officer and Principal Executive Officer of the Company, delivered his resignation from such positions to the Board, effective March 11, 2024. Mr. Flexon will remain as Executive Chairman of the Board until April 1, 2024 (the "Transition Period") and will continue to earn his base salary during the Transition Period as previously disclosed in the Company's Current Report on Form 8-K filed on September 15, 2023, which is incorporated by reference herein. Following the conclusion of the Transition Period, Mr. Flexon will transition back to Non-Executive Chairman of the Board, effective April 1, 2024. Prior to joining the Company, Mr. Canino, 61, served as the Chief Operating Officer of ESS Tech, Inc. (NYSE: GWH), a developer of long-duration energy storage solutions, from September 2022 to March 2024. He previously spent approximately eight years with Smardt Chiller Group, Inc. ("Smardt"), a manufacturer of oil-free chillers, most recently serving as Smardt's President and Chief Executive Officer. Mr. Canino also served in various roles with Trane Commercial Systems ("Trane"), a manufacturer of heating, ventilation and air conditioning systems, including as Trane's Vice President, Enterprise Businesses and Renewabl

01

Item 7.01 Regulation FD Disclosure . On March 12, 2024, the Company issued a press release announcing the appointment of Mr. Canino as President and Chief Executive Officer and a director of the Company and, in connection with such transition, that Mr. Flexon will remain as Executive Chairman of the Board until April 1, 2024, upon which he will transition back to Non-Executive Chairman of the Board. A copy of the press release is furnished with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference. The information contained in this Item 7.01, including Exhibit 99.1, 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 such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Employment Offer Letter for Vincent J. Canino, dated February 22, 2024. 10.2 Form of Amended and Restated Change in Control Agreement. 99.1 Press Release, dated March 12, 2024 (furnished herewith). 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101). 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. CAPSTONE GREEN ENERGY HOLDINGS, INC. Date: March 12, 2024 By: /s/ John J. Juric Name: John J. Juric Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR