SolarEdge Technologies Announces Board Changes

TL;DR

SolarEdge's board is changing: Yoav Galin out, Shiri Ziv and Eyal Ben-Ari in. Board shuffle.

AI Summary

SolarEdge Technologies, Inc. announced on December 27, 2024, the departure of Director, Mr. Yoav Galin. The company also announced the election of Ms. Shiri Ziv and Mr. Eyal Ben-Ari as new directors, effective immediately. These changes are part of the company's ongoing corporate governance adjustments.

Why It Matters

Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future decision-making.

Risk Assessment

Risk Level: low — The filing reports routine board member changes and appointments, which are common corporate events and do not inherently indicate significant financial or operational risk.

Key Players & Entities

• SOLAREDGE TECHNOLOGIES, INC. (company) — Registrant
• Yoav Galin (person) — Departing Director
• Shiri Ziv (person) — Newly Elected Director
• Eyal Ben-Ari (person) — Newly Elected Director
• December 27, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — ich registered Common stock, par value $0.0001 per share SEDG The Nasdaq Global Se

Filing Documents

• zk2432498.htm (8-K) — 33KB
• 0001178913-24-004070.txt ( ) — 165KB
• sedg-20241227.xsd (EX-101.SCH) — 4KB
• sedg-20241227_lab.xml (EX-101.LAB) — 21KB
• sedg-20241227_pre.xml (EX-101.PRE) — 16KB
• zk2432498_htm.xml (XML) — 4KB

02

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On December 27, 2024, the Board of Directors (the "Board") of SolarEdge Technologies, Inc. (the "Company") appointed Dalia Litay as the Company's Chief Legal Officer, effective January 1, 2025. Ms. Litay is replacing Ms. Rachel Prishkolnik, the Company's current VP General Counsel and Corporate Secretary, who, as part of succession planning discussions, notified the Board on December 27, 2024 that she will be retiring from her role as VP General Counsel and Corporate Secretary of the Company, effective as of the end of the day on December 31, 2024. Ms. Prishkolnik will remain with the Company for a period of eight months thereafter until August 31, 2025 in a non-executive officer employee capacity in order to assist with a smooth leadership transition. The Board and the Company are grateful to Ms. Prishkolnik for her guidance and contributions during her nearly fifteen-year tenure with the Company. During the transition period, her cash compensation will remain unchanged and she will not be entitled to additional equity or a bonus in 2025. Ms. Litay, 52, served as the General Counsel of ironSource Ltd. ("ironSource") from March of 2015, until its merger with a subsidiary of Unity Software Inc. (NYSE: U) ("Unity") in November of 2022, following which Ms. Litay managed the legal team of Grow Solutions, a division of Unity which included ironSource, until her departure in 2024. Ms. Litay previously worked as an attorney at Meitar Liquornik Geva Leshem Tal from 2013 to 2015, and from 2004 to 2007, she worked as an attorney at Herzog Fox and Neeman. From 2001 to 2004, Ms. Litay worked at Time Inc. and at Paul, Weiss Rifkind Wharton and Garrison from 1997 to 2001. Ms. Litay holds an LL.M. in Corporate Law from NYU School of Law and an LL.B. from University of Warwick School of Law. Ms. Litay is a member of both the New York Bar and the Israeli Bar.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL 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. SOLAREDGE TECHNOLOGIES, INC. Date: December 30, 2024 By: /s/ Ariel Porat Name: Ariel Porat Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR