Sunnova Energy Appoints New Director

TL;DR

Sunnova adds NRG Energy's ex-CFO, Michael Williams, to its board.

AI Summary

Sunnova Energy International Inc. announced on June 3, 2024, that its Board of Directors has appointed Michael J. E. Williams as a new director, effective May 28, 2024. Williams will serve on the Audit Committee and the Nominating and Corporate Governance Committee. He previously served as Chief Financial Officer of NRG Energy, Inc. from 2015 to 2021.

Why It Matters

The appointment of a new director with financial expertise could signal a strategic shift or enhanced oversight for Sunnova Energy.

Risk Assessment

Risk Level: low — This filing is a routine corporate governance update regarding a board appointment and does not involve significant financial transactions or operational changes.

Key Players & Entities

• Sunnova Energy International Inc. (company) — Registrant
• Michael J. E. Williams (person) — Newly appointed director
• May 28, 2024 (date) — Effective date of appointment
• June 3, 2024 (date) — Date of report
• NRG Energy, Inc. (company) — Previous employer of new director
• Audit Committee (committee) — Committee Williams will serve on
• Nominating and Corporate Governance Committee (committee) — Committee Williams will serve on

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-20240603.htm (8-K) — 22KB
• 0001772695-24-000060.txt ( ) — 142KB
• nova-20240603.xsd (EX-101.SCH) — 2KB
• nova-20240603_lab.xml (EX-101.LAB) — 21KB
• nova-20240603_pre.xml (EX-101.PRE) — 12KB
• nova-20240603_htm.xml (XML) — 3KB

From the Filing

nova-20240603 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________ FORM 8-K _______________________________________________________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): June 3, 2024 (May 28, 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. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 28, 2024, Rahman D'Argenio notified Sunnova Energy International, Inc. (the "Company") of his irrevocable resignation as a Class I director of the Board of Directors of the Company (the "Board") and member of the Compensation and Human Capital Committee effective June 28, 2024. Furthermore, pursuant to Section 2 of the Stockholders Agreement, dated as of July 29, 2019, by and among the Company, and each of the stockholders listed on Schedule A thereto (the "Stockholders Agreement"), ECP Stockholder (as that term is defined in the Stockholders Agreement) (i) confirmed the resignation and removal of Mr. D'Argenio from the Board effective June 28, 2024, and (ii) reserved its rights under Section 2(d) of the Stockholders Agreement to designate a replacement to fill such vacancy but did not wish to nominate such a replacement at that time. 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: June 3, 2024 By: /s/ David Searle David Searle Executive Vice President, General Counsel and Chief Compliance Officer

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View this 8-K filing on SEC EDGAR