Pineapple Energy CEO Kyle Udseth resigns; Scott Maskin interim CEO; earnout demand received

SUNation Energy, Inc.

Kyle Udseth resigns as CEO and director effective May 17, 2024; no dispute with company.
Scott Maskin, SUNation co-founder and board member, appointed interim CEO; no compensation change.
Udseth receives $100,000 severance over 4 months plus COBRA premiums; separation agreement signed.
Company received demand letter for $2.5M earnout payment due May 6, 2024 from former SUNation sellers.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Scott Maskin

Interim Chief Executive Officer

SUNE · SUNation Energy, Inc.

Effective: 2024-05-17
Filed: May 23, 2024, 7:59 PM ET

The Company’s Board of Directors has appointed Scott Maskin as the Company’s Interim Chief Executive Officer , effective May 17, 2024.

Departed

Kyle Udseth

Chief Executive Officer

SUNE · SUNation Energy, Inc.

Effective: 2024-05-17
Successor: Scott Maskin
Filed: May 23, 2024, 7:59 PM ET

On May 17, 2024, Kyle Udseth informed Pineapple Energy Inc. (the “Company”) of his decision to resign as Chief Executive Officer and as a director of the Company, effective May 17, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Maskin was appointed as Interim Chief Executive Officer at SUNation Energy, Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

The Company’s Board of Directors has appointed Scott Maskin as the Company’s Interim Chief Executive Officer , effective May 17, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kyle Udseth resigned as Chief Executive Officer at SUNation Energy, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On May 17, 2024, Kyle Udseth informed Pineapple Energy Inc. (the “Company”) of his decision to resign as Chief Executive Officer and as a director of the Company, effective May 17, 2024.

View on SEC.gov

SUNation Energy, Inc. filing history →

Source: SEC EDGAR

accession 0000897101-24-000196

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