Pineapple Energy Inc. Reports Corporate Changes and Filings

Ticker: SUNE · Form: 8-K · Filed: Jul 8, 2024 · CIK: 22701

Sentiment: neutral

Topics: corporate-governance, officer-appointment, director-election

TL;DR

Pineapple Energy shakes up board and execs, files financials.

AI Summary

Pineapple Energy Inc. announced on July 1, 2024, a series of significant corporate actions. These include the election of new directors, the appointment of certain officers, and adjustments to compensatory arrangements for key personnel. The company also filed financial statements and exhibits as part of this report.

Why It Matters

This filing indicates potential shifts in leadership and executive compensation, which could impact the company's strategic direction and operational focus.

Risk Assessment

Risk Level: medium — Changes in board composition and executive appointments can signal strategic shifts or internal challenges, warranting closer observation.

Key Players & Entities

FAQ

Who were the newly elected directors?

The filing does not specify the names of the newly elected directors, only that elections occurred.

What specific officer appointments were made?

The filing mentions the appointment of certain officers but does not detail their names or specific roles.

What are the details of the compensatory arrangements for the officers?

The filing indicates that compensatory arrangements for certain officers were part of the report, but the specific details are not provided in this summary.

What financial statements and exhibits were filed?

The filing states that financial statements and exhibits were included, but their specific content is not detailed here.

What is the significance of the 'Regulation FD Disclosure' item?

This indicates that the company is making disclosures that could be considered material non-public information, ensuring fair disclosure to all investors.

Filing Stats: 1,060 words · 4 min read · ~4 pages · Grade level 10.4 · Accepted 2024-07-08 17:26:28

Filing Documents

02 Departure of Directors or Certain Officers; Election of Directors; Appointment

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Chief Financial Officer On July 1, 2024, Eric Ingvaldson informed Pineapple Energy Inc. (the "Company") of his decision to resign as Chief Financial Officer of the Company, effective August 30, 2024. The Company thanks Mr. Ingvaldson for his outstanding leadership, knowledge, and contributions to the Company throughout their tenure with the Company and wish him all the best. Resignation of Directors On July 2, 2024, Marilyn S. Adler informed the Company of her decision to resign from the Board effective as of July 2, 2024. On July 3, 2024, Randall D. Sampson informed the Company of his decision to resign from the Board effective as of July 3, 2024. Each of Ms. Adler and Mr. Sampson's term as a director was set to end at the time of the Company's 2024 Annual Meeting of Shareholders (the "Annual Meeting"), which was originally scheduled for July 1, 2024, but was adjourned to July 19, 2024. Each of Ms. Adler's and Mr. Sampson's decision to resign was not the result of any dispute or disagreement with the Company on any matter relating to the Company's operations, policies, or practices. The Company thanks Ms. Adler and Mr. Sampson for their outstanding leadership, knowledge, and contributions to the Company throughout their tenure on the Board and wish Ms. Adler and Mr. Sampson all the best. Appointment of New Directors On July 8, 2024, the Board appointed Kevin O'Connor and Henry B. Howard to serve as directors of the Company beginning July 8, 2024, to fill the vacancies disclosed above created by the resignations of Ms. Alder and Mr. Sampson. Messrs. O'Connor and Howard will serve u ntil the 2024 Annual Meeting of Shareholders (the "Annual Meeting") of the Company or until a successor is elected and qualified, subject to their earlier resignation or removal. Messrs. O'Connor and Howard

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On July 8, 2024, the Company issued a press release related to the transition discussed in Item 5.02 above. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in Exhibit 99.1 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in that filing.

01 Other Events

Item 8.01 Other Events. Pineapple has engaged Conduit Capital to provide structural internal support, staffing, and assistance with capital raising activities. Conduit Capital is a group known for connecting companies to mission aligned investors. The partnership also includes the addition of key talent to assist the Pineapple team, all of whom have industry-specific experience in Pineapple's various business sectors. This includes Robert Zulkoski, Andy Childs and Melissa Obegi, who each have a distinguished background of successful capital raises, M&Acompletions and corporate restructuring transactions.

01 Financial Statements

Item 9.01 Financial Statements and Exhibits. EXHIBIT INDEX Exhibit No. Description 99.1 Press Release dated July 8, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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. PINEAPPLE ENERGY INC. Date: July 8, 2024 By: /s/ Scott Maskin Scott Maskin Interim Chief Executive Officer

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