Sunnova Energy Files 8-K/A Amendment

TL;DR

Sunnova filed an amendment to its 8-K, updating info on exec changes and director elections.

AI Summary

Sunnova Energy International Inc. filed an 8-K/A amendment on October 10, 2024, related to events occurring on August 7, 2024. The filing concerns the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers.

Why It Matters

This amendment to a previous filing provides updated information regarding changes in the company's board of directors and executive officers, which can impact corporate governance and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to 8-K filings, especially those concerning officer and director changes, can indicate underlying corporate governance issues or strategic shifts that may affect the company's stability and future performance.

Key Players & Entities

• Sunnova Energy International Inc. (company) — Registrant
• August 7, 2024 (date) — Earliest event date
• October 10, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.0001 — ange on Which Registered Common Stock, $0.0001 par value per share NOVA New York Stock

Filing Documents

• nova-20240807.htm (8-K/A) — 24KB
• 0001772695-24-000083.txt ( ) — 144KB
• nova-20240807.xsd (EX-101.SCH) — 2KB
• nova-20240807_lab.xml (EX-101.LAB) — 21KB
• nova-20240807_pre.xml (EX-101.PRE) — 12KB
• nova-20240807_htm.xml (XML) — 3KB

From the Filing

nova-20240807 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ FORM 8-K/A _______________________________________________________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): August 7, 2024 _______________________________________________________________________________ Sunnova Energy International Inc. (Exact name of registrant as specified in its charter) _______________________________________________________________________________ Delaware 001-38995 30-1192746 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification Number) 20 East Greenway Plaza, Suite 540 Houston , Texas 77046 (Address, including zip code, of principal executive offices) ( 281 ) 892-1588 (Registrant's telephone number, including area code) _______________________________________________________________________________ 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 (see General Instruction A.2): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 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, $0.0001 par value per share NOVA New York Stock Exchange 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. Explanatory Note This amendment to the Current Report on Form 8-K filed on August 9, 2024, provides disclosure with respect to changes in compensation previously awarded to Michael C. Morgan. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers As previously reported, on August 8, 2024, Michael C. Morgan notified Sunnova Energy International Inc. (the "Company") of his resignation as a Class I director of the Board of Directors (the "Board") of the Company and member of the Compensation and Human Capital Committee effective October 7, 2024. On May 15, 2024, Mr. Morgan was awarded 24,948 restricted stock units (the "2024 RSU Award") as compensation for his service on the Company's Board of Directors. Under its terms, the 2024 RSU Award was scheduled to vest one year from the date of grant subject to the grantee's continued service on the Board. On October 6, 2024, in recognition of Mr. Morgan's long-standing and dedicated service on the Board, including time spent in service for 2024, the Compensation and Human Capital Committee in consultation with the Nominating, Governance and Sustainability Committee recommended to the Board and the Board approved to accelerate the vesting of a pro-rata portion of the 2024 RSU Award. The pro-rata portion was calculated based upon the number of days Mr. Morgan served on the Board in 2024 from the grant date of the award through his last day of service on the Board over 365 (or 9,979 restricted stock units, rounding to the nearest whole number), effective as of October 7, 2024, with the remainder of the 2024 RSU Award (or 14,969 restricted stock units) terminating and being forfeited. 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. SUNNOVA ENERGY INTERNATIONAL INC. Date: August 7, 2024 By: /s/ David Searle David Searle Executive Vice President, General Counsel and Chief Compliance Officer

View Full Filing

View this 8-K/A filing on SEC EDGAR