home · filing · 0000924168-22-000013
8-K filed February 17, 2022, 6:59 PM ET
ticker EFOI
CIK 0000924168
leadership
confidence high
sentiment neutral
materiality 0.55
Energy Focus enters separation agreement with former CEO James Tu; 6-month salary continuation
ENERGY FOCUS, INC/DE
James Tu's employment ends Feb 11, 2022; he resigns from board effective same date.
Severance: $139,000 (6 months salary) paid in installments; COBRA subsidy for 6 months.
Vested stock options remain exercisable for up to 1 year after separation; unvested options forfeited.
Non-compete and non-solicitation covenants for 1 year; standstill and voting agreement for 6 months.
Both parties agree to non-disparagement for 6 months; Tu returns all company property.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Departed
James Tu
Chief Executive Officer
EFOI ·
ENERGY FOCUS, INC/DE
Effective 2022-02-11
Filed February 17, 2022, 6:59 PM ET
Mr. Tu’s separation from the Company as its Chief Executive Officer
Departed
James Tu
Director
EFOI ·
ENERGY FOCUS, INC/DE
Effective 2022-02-11
Filed February 17, 2022, 6:59 PM ET
Mr. Tu has agreed to step down as a member of the Board of Directors
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
James Tu resigned as Chief Executive Officer at ENERGY FOCUS, INC/DE.
Action resigned
Role Chief Executive Officer
Exact text from the filing
Mr. Tu’s separation from the Company as its Chief Executive Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James Tu resigned as Director at ENERGY FOCUS, INC/DE.
Action resigned
Role Director
Exact text from the filing
Mr. Tu has agreed to step down as a member of the Board of Directors
View on SEC.gov
Source: SEC EDGAR
accession 0000924168-22-000013
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