Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Charles McDulin was appointed as Director at ORION ENERGY SYSTEMS, INC..
- Action
- appointed
- Role
- Director
Exact text from the filing
On January 3, 2023, the Board increased the size of the Board to six (6) members and appointed Charles McDulin to the Board.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ORION ENERGY SYSTEMS, INC. entered into Cooperation Agreement with Kanen Wealth Management, LLC and certain of its affiliates valued at Kanen agreed to standstill restrictions; Company agreed to appoint Charles McDulin as director; McDu (effective 2023-01-03).
- Action
- entry
- Counterparty
- Kanen Wealth Management, LLC and certain of its affiliates
- Value
- Kanen agreed to standstill restrictions; Company agreed to appoint Charles McDulin as director; McDu
- Effective
- 2023-01-03
Exact text from the filing
On January 3, 2023, Orion Energy Systems, Inc. (the "Company"), entered into a cooperation agreement (the "Agreement") with Kanen Wealth Management, LLC and certain of its affiliates (collectively, "Kanen"). Kanen beneficially owns approximately 5.3% of the Company's outstanding common stock. Pursuant to the Agreement, the Board of Directors of the Company (the "Board") agreed, among other things, to appoint Charles McDulin as a Class II director of the Company, with a scheduled regular term to expire at the Company's 2024 annual meeting of shareholders (the "2024 Annual Meeting"). Under the terms of the Agreement, Kanen has agreed to abide by customary standstill restrictions until fifteen (15) days prior to the deadline for submission of a notice of shareholder nomination of individuals for election as directors of the Company at the 2024 Annual Meeting (the "Standstill Period"); provided that if the Board offers to nominate Mr. McDulin for election to the Board at the 2024 Annual Me
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