Enphase Energy Reports Director Changes and Officer Compensation

Ticker: ENPH · Form: 8-K · Filed: 2024-04-04T00:00:00.000Z

Sentiment: neutral

Topics: governance, director-change, officer-compensation

Related Tickers: ENPH

TL;DR

Enphase Energy swapped a director and updated exec pay. Board changes are in.

AI Summary

Enphase Energy, Inc. filed an 8-K on April 4, 2024, reporting changes effective March 31, 2024. The filing details the departure of director Michael G. Ramsey and the election of new director Robert L. W. Smith. It also covers compensatory arrangements for certain officers.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, which are important for investors to monitor.

Risk Assessment

Risk Level: low — This filing primarily concerns routine corporate governance matters such as director changes and compensation, which typically carry low risk.

Key Players & Entities

FAQ

Who is the new director elected to the Enphase Energy board?

Robert L. W. Smith was elected as a new director.

Which director has departed from Enphase Energy?

Michael G. Ramsey has departed from the board of directors.

What is the effective date of the reported changes?

The earliest event reported is dated March 31, 2024.

What type of compensatory arrangements are mentioned in the filing?

The filing mentions compensatory arrangements of certain officers.

What is the primary purpose of this 8-K filing for Enphase Energy?

The primary purpose is to report the departure of a director, the election of a new director, and details on officer compensation.

From the Filing

0001463101-24-000052.txt : 20240404 0001463101-24-000052.hdr.sgml : 20240404 20240404161351 ACCESSION NUMBER: 0001463101-24-000052 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240331 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240404 DATE AS OF CHANGE: 20240404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Enphase Energy, Inc. CENTRAL INDEX KEY: 0001463101 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 204645388 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35480 FILM NUMBER: 24823272 BUSINESS ADDRESS: STREET 1: 47281 BAYSIDE PARKWAY CITY: FREMONT STATE: CA ZIP: 94538 BUSINESS PHONE: (707) 763-4784 MAIL ADDRESS: STREET 1: 47281 BAYSIDE PARKWAY CITY: FREMONT STATE: CA ZIP: 94538 8-K 1 enph-20240331.htm 8-K enph-20240331 0001463101 false 0001463101 2024-03-31 2024-03-31 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): March 31, 2024 ________________________________________________ ENPHASE ENERGY, INC. (Exact name of registrant as specified in its charter) ________________________________________________ Delaware   001-35480   20-4645388 (State or other jurisdiction of Incorporation)   (Commission File No.)   (IRS Employer Identification No.) 47281 Bayside Parkway Fremont , CA 94538 (Address of principal executive offices, including zip code) (707) 774-7000 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report.) 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: ☐ 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, $0.00001 par value per share ENPH Nasdaq Global Market 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 March 31, 2024, David Ranhoff, Executive Vice President and Chief Commercial Officer of Enphase Energy, Inc. (the “Company”), notified the Company of his intention to step down from his position at the Company, effective as of June 30, 2024. Mr. Ranhoff will transition from his current position to a part-time role as Commercial Advisor, effective July 1, 2024. As Commercial Advisor, Mr. Ranhoff will continue to report to Badri

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