UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): August 16, 2019
(Exact name of registrant as specified in its charter)
|
|
|
|
|
|
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(I.R.S. Employer
Identification No.)
|
|
|
|
|
|
(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.)
Securities registered pursuant to Section 12(b) of the Act:
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
|
|
|
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))
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).
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.
|
Appointment of New Director
On August 14, 2019, SolarEdge Technologies, Inc. (the “Company”) appointed Mr. Nadiv Zafrir to the Company’s board of directors as a
Class III director, with an initial term expiring in 2021. Mr. Zafrir will serve as co-chairman of the Board. Mr. Zafrir is the co-founder and Chief Executive Officer of Team8. He was previously the Commander of the Israel Defense Forces’
Technology Intelligence Unit.
As compensation for his service as a director, Mr. Zafrir is entitled to (i) an initial equity award in the form of restricted stock units,
granted upon the individual’s initial appointment to our Board of Directors, with a grant date value of $150,000, (ii) an annual equity award in the form of restricted stock units with a grant date value of $155,000 per year, subject to proration for
the portion of 2019 for which he will serve; and a cash retainer of $55,000 per year.
The initial restricted stock unit awards vest in equal annual installments over three years and the annual restricted stock unit awards
vest in full after one year (or the balance of the year in which the award is granted, in the case of pro-rated annual awards).
Mr. Zafrir is not a party to any transaction with the Company that would be required to be disclosed pursuant to Item 404 of Regulation
S-K.
|
9.01
|
Financial Statements and Exhibits.
|
|
Exhibit No.
|
Description
|
|
104
|
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
|
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: August 16, 2019
|
By: /s/ Rachel Prishkolnik
|
|
Name: Rachel Prishkolnik
Title: General Counsel and
Corporate Secretary
|