Ameresco, Inc. Files 8-K: Operations, Personnel Changes, Financials
Ticker: AMRC · Form: 8-K · Filed: Aug 5, 2024 · CIK: 1488139
Sentiment: neutral
Topics: operations, personnel-change, financials
Related Tickers: AMRC
TL;DR
AMRC 8-K out: Financials updated, director out, new director in, exec comp changes.
AI Summary
Ameresco, Inc. filed an 8-K on August 5, 2024, reporting on its results of operations and financial condition. The filing also disclosed the departure of a director, the election of a new director, and updates regarding compensatory arrangements for certain officers. Additionally, it included financial statements and exhibits.
Why It Matters
This filing provides crucial updates on Ameresco's financial performance and significant changes in its board and executive compensation, impacting investor understanding of the company's direction.
Risk Assessment
Risk Level: medium — The filing involves financial results and executive/director changes, which can introduce uncertainty and affect stock price.
Key Players & Entities
- Ameresco, Inc. (company) — Registrant
- August 5, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 111 Speen Street, Suite 410, Framingham, MA 1701 (address) — Principal Executive Offices
- ( 508 ) 661-2200 (phone_number) — Registrant's telephone number
FAQ
What specific financial results are being reported in this 8-K?
The 8-K indicates that it reports on 'Results of Operations and Financial Condition' but does not provide specific financial figures within the provided text.
Who is the departing director and who is the newly elected director?
The provided text mentions the departure of a director and the election of a new director but does not name them.
What are the key changes in compensatory arrangements for officers?
The filing states that there are updates regarding 'Compensatory Arrangements of Certain Officers' but does not detail these changes in the provided text.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on August 5, 2024.
What is the primary business of Ameresco, Inc. according to the filing?
Ameresco, Inc. is classified under 'CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700]' and is involved in real estate and construction.
Filing Stats: 881 words · 4 min read · ~3 pages · Grade level 10.7 · Accepted 2024-08-05 16:07:38
Key Financial Figures
- $0.0001 — stered Class A Common Stock, par value $0.0001 per share AMRC New York Stock Exchange
- $435,000 — annual base salary will be increased to $435,000 and he will receive an award under the
Filing Documents
- amrc-20240805.htm (8-K) — 36KB
- amrc_20240630x8-kxexx991.htm (EX-99.1) — 404KB
- a2024q2supplementalslide.htm (EX-99.2) — 26KB
- a2024q2supplementalslide001.jpg (GRAPHIC) — 80KB
- a2024q2supplementalslide002.jpg (GRAPHIC) — 252KB
- a2024q2supplementalslide003.jpg (GRAPHIC) — 86KB
- a2024q2supplementalslide004.jpg (GRAPHIC) — 87KB
- a2024q2supplementalslide005.jpg (GRAPHIC) — 110KB
- a2024q2supplementalslide006.jpg (GRAPHIC) — 100KB
- a2024q2supplementalslide007.jpg (GRAPHIC) — 74KB
- a2024q2supplementalslide008.jpg (GRAPHIC) — 99KB
- a2024q2supplementalslide009.jpg (GRAPHIC) — 93KB
- a2024q2supplementalslide010.jpg (GRAPHIC) — 109KB
- a2024q2supplementalslide011.jpg (GRAPHIC) — 100KB
- a2024q2supplementalslide012.jpg (GRAPHIC) — 235KB
- a2024q2supplementalslide013.jpg (GRAPHIC) — 147KB
- a2024q2supplementalslide014.jpg (GRAPHIC) — 94KB
- a2024q2supplementalslide015.jpg (GRAPHIC) — 106KB
- amtagrgba02a20.jpg (GRAPHIC) — 23KB
- 0001488139-24-000136.txt ( ) — 3100KB
- amrc-20240805.xsd (EX-101.SCH) — 2KB
- amrc-20240805_lab.xml (EX-101.LAB) — 22KB
- amrc-20240805_pre.xml (EX-101.PRE) — 13KB
- amrc-20240805_htm.xml (XML) — 4KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On August 5, 2024 , Ameresco, Inc. ("we" or the "Company") announced its financial results for the quarter ended June 30, 2024. The Company also posted supplemental information with respect to its quarter ended June 30, 2024 results on the Investor Relations section of its website at www.ameresco.com. The press release and the supplemental information issued in connection with the announcement are furnished as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 5, 2024 , the Company announced that Mark Chiplock, 54, has been promoted to the role of Executive Vice President and Chief Financial Officer, effective August 31, 2024 (the "Effective Date"). Mr. Chiplock will continue to serve as the principal accounting officer. Mr. Chiplock will succeed Doran Hole who joined the Company on July 1, 2019 as Executive Vice President and Chief Financial Officer and on August 2, 2024 tendered his resignation effective August 30, 2024 to pursue other opportunities. Mr. Chiplock joined the Company as Corporate Controller in June 2014 and became Vice President, Finance in April 2016. From October 1, 2018 until July 1, 2019 he served as the Company's Interim Chief Financial Officer and Chief Accounting Officer after which he continued to serve as Vice President, Chief Accounting Officer and in February 2022 was promoted to Senior Vice President, Chief Accounting Officer. Prior to joining Ameresco, Mr. Chiplock served as Vice President, Finance of GlassHouse Technologies, a data center infrastructure consulting firm, from June 2012 to May 2014. In connection with his promotion, as of the Effective Date, Mr. Chiplock's annual base salary will be increased to $435,000 and he will receive an award under the Company's 2020 Stock
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Index Exhibit No. Description 99.1 Press Release issued by Ameresco on August 5, 2024 99.2 Supplemental Information dated as of August 5, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL) # Certain portions of this exhibit are considered confidential and have been omitted as permitted under SEC rules and regulations. Schedules and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K. 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. AMERESCO, INC. August 5, 2024 By: /s/ Spencer Doran Hole Spencer Doran Hole Executive Vice President and Chief Financial Officer (duly authorized and principal financial officer)