Orion Energy Systems Files Routine 8-K on Jan 26 Event
Ticker: OESX · Form: 8-K · Filed: Jan 30, 2024 · CIK: 1409375
| Field | Detail |
|---|---|
| Company | Orion Energy Systems, Inc. (OESX) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00, $1.00 m |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, regulatory-filing, administrative
TL;DR
**OESX filed a routine 8-K, no new material info.**
AI Summary
Orion Energy Systems, Inc. (OESX) filed an 8-K on January 30, 2024, to report an "Other Event" that occurred on January 26, 2024. This filing is a routine update confirming the company's status and basic corporate information, such as its incorporation in Wisconsin and its listing on The Nasdaq Stock Market LLC under the trading symbol OESX. For investors, this filing primarily serves as a confirmation of the company's current public reporting status and does not contain new material financial or operational news, meaning there's no immediate impact on stock valuation from this specific document.
Why It Matters
This filing is a standard procedural update, confirming Orion Energy Systems' compliance with SEC reporting requirements. It doesn't contain new financial or operational information that would typically move the stock.
Risk Assessment
Risk Level: low — This 8-K is a standard administrative filing and does not introduce any new financial or operational risks.
Analyst Insight
Investors should note this is a routine administrative filing and does not contain new material information that would warrant immediate action. Continue to monitor for future filings that may contain financial results or significant operational updates.
Key Players & Entities
- ORION ENERGY SYSTEMS, INC. (company) — the registrant filing the 8-K
- Wisconsin (other) — state of incorporation for Orion Energy Systems, Inc.
- The Nasdaq Stock Market LLC (other) — exchange where Orion Energy Systems, Inc. common stock is registered
- OESX (other) — trading symbol for Orion Energy Systems, Inc. common stock
- January 26, 2024 (other) — date of the earliest event reported in the 8-K
FAQ
What is the purpose of this 8-K filing by Orion Energy Systems, Inc.?
This 8-K filing is categorized under 'Other Events' and serves as a current report to the SEC, confirming the company's basic corporate information and compliance with reporting requirements as of the earliest event reported on January 26, 2024.
What is the trading symbol and exchange for Orion Energy Systems, Inc. common stock?
The common stock of Orion Energy Systems, Inc. trades under the symbol OESX and is registered on The Nasdaq Stock Market LLC, as stated in the filing.
Where is Orion Energy Systems, Inc. incorporated?
Orion Energy Systems, Inc. is incorporated in Wisconsin, according to the 'State or Other Jurisdiction of Incorporation' section of the filing.
What was the 'Date of earliest event reported' in this 8-K?
The 'Date of earliest event reported' in this 8-K filing was January 26, 2024.
Does this 8-K filing indicate that Orion Energy Systems, Inc. is an 'emerging growth company'?
No, the filing explicitly indicates with an unchecked box that Orion Energy Systems, Inc. is not an 'emerging growth company' as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 478 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-01-29 17:31:36
Key Financial Figures
- $1.00 — ntain the required minimum bid price of $1.00 per share for a period of 30 consecutiv
- $1.00 m — pany's common stock was at or above the $1.00 minimum price per share for a period of t
Filing Documents
- oesx-20240126.htm (8-K) — 34KB
- 0000950170-24-008418.txt ( ) — 140KB
- oesx-20240126.xsd (EX-101.SCH) — 23KB
- oesx-20240126_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events. On January 26, 2024, Orion Energy Systems, Inc. (the "Company") received written notice from the Listing Qualifications Department of The NASDAQ Stock Market LLC ("Nasdaq") notifying the Company that it had regained compliance with Listing Rule 5550(a)(2) ("Bid Price Rule"). As previously reported, the Company was notified on December 21, 2023 that it had fallen out of compliance with the Bid Price Rule, because its common stock failed to maintain the required minimum bid price of $1.00 per share for a period of 30 consecutive business days. Since then, the Nasdaq staff determined that the closing bid price of the Company's common stock was at or above the $1.00 minimum price per share for a period of ten consecutive business days, from January 11, 2024 to January 25, 2024.
SIGNATURES
SIGNATURES 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. ORION ENERGY SYSTEMS, INC. Date: January 29, 2024 By: /s/ J. Per Brodin J. Per Brodin Chief Financial Officer