SolarEdge Appoints New CEO, Zvi Lando

TL;DR

SolarEdge CEO steps down, CFO Zvi Lando takes over as CEO, Raanan Rein is interim CFO.

AI Summary

SolarEdge Technologies, Inc. announced on August 23, 2024, the appointment of Mr. Zvi Lando as Chief Executive Officer, effective immediately. Mr. Lando, who previously served as the company's Chief Financial Officer, will also continue in his role as Executive Director. The company also announced the appointment of Mr. Raanan Rein as Interim Chief Financial Officer, succeeding Mr. Lando.

Why It Matters

This leadership change at a key executive level could signal a shift in strategy or operational focus for SolarEdge Technologies, impacting investor confidence and market performance.

Risk Assessment

Risk Level: medium — CEO transitions can introduce uncertainty regarding future strategy and execution, potentially affecting the company's performance.

Key Players & Entities

• SolarEdge Technologies, Inc. (company) — The company filing the report.
• Zvi Lando (person) — Appointed Chief Executive Officer and Executive Director.
• Raanan Rein (person) — Appointed Interim Chief Financial Officer.
• August 23, 2024 (date) — Effective date of the CEO appointment.

FAQ

From the Filing

0001178913-24-002764.txt : 20240826 0001178913-24-002764.hdr.sgml : 20240826 20240826071521 ACCESSION NUMBER: 0001178913-24-002764 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240823 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240826 DATE AS OF CHANGE: 20240826 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOLAREDGE TECHNOLOGIES, INC. CENTRAL INDEX KEY: 0001419612 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 205338862 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36894 FILM NUMBER: 241237744 BUSINESS ADDRESS: STREET 1: 1 HAMADA STREET CITY: HERZILIYA PITUACH STATE: L3 ZIP: 4673335 BUSINESS PHONE: 972 (9) 957-6620 MAIL ADDRESS: STREET 1: 1 HAMADA STREET CITY: HERZILIYA PITUACH STATE: L3 ZIP: 4673335 FORMER COMPANY: FORMER CONFORMED NAME: SolarEdge Technologies Inc DATE OF NAME CHANGE: 20071128 8-K 1 zk2431920.htm 8-K false 0001419612 NASDAQ 0001419612 2024-08-23 2024-08-23   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):  August 23, 2024     SOLAREDGE TECHNOLOGIES, INC (Exact name of registrant as specified in its charter)     Delaware   001-36894   20-5338862 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   1 Hamada Street , Herziliya Pituach , Israel   4673335 (Address of Principal executive offices)   (Zip Code) Registrant’s Telephone number, including area code: 972 ( 9 ) 957-6620   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 (see General Instructions A.2 below):   ☐ 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, par value $0.0001 per share SEDG NASDAQ (Global Select 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. Chief Executive Officer Transition On August 23, 2024, Mr. Zvi Lando notified the Board of Directors (the “Board”) of SolarEdge Technologies, Inc. (the “Company”) of his resign