Orion Energy Systems CEO Altschaefl to Retire; Jenkins Appointed; Q1 Revenue Falls

ORION ENERGY SYSTEMS, INC.

CEO Michael Altschaefl to retire Nov 10, 2022; will remain director until 2023 annual meeting, then consulting until Dec 31, 2023
COO Michael H. Jenkins appointed CEO effective Nov 10, 2022; also joins board as Class I director
Lead independent director Anthony L. Otten becomes independent Board Chair after Aug 4, 2022 annual meeting
Q1 FY2023 revenue $17.9M, down from $35.1M; net loss $2.8M vs net income $2.5M a year ago
Director Alan Howe not standing for re-election; enters two-year consulting agreement with $25,000 annual retainer

item 2.02 item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

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

Appointed

Anthony L. Otten

Independent Board Chair

OESX · ORION ENERGY SYSTEMS, INC.

Effective: 2022-08-04
Filed: August 3, 2022, 7:59 PM ET

Anthony L. Otten, the Company’s current lead independent director, will begin serving as the Company’s independent Board Chair immediately after the Company’s 2022 annual shareholders meeting on August 4, 2022

Appointed

Michael H. Jenkins

Chief Executive Officer

OESX · ORION ENERGY SYSTEMS, INC.

Effective: 2022-11-10
Filed: August 3, 2022, 7:59 PM ET

the Company also announced the appointment of Michael H. Jenkins as the Company’s new Chief Executive Officer, effective as of Mr. Altschaefl’s Retirement Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Anthony L. Otten was appointed as Independent Board Chair at ORION ENERGY SYSTEMS, INC..

Role: Independent Board Chair

Exact text from the filing

Anthony L. Otten, the Company’s current lead independent director, will begin serving as the Company’s independent Board Chair immediately after the Company’s 2022 annual shareholders meeting on August 4, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael H. Jenkins was appointed as Chief Executive Officer at ORION ENERGY SYSTEMS, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Company also announced the appointment of Michael H. Jenkins as the Company’s new Chief Executive Officer, effective as of Mr. Altschaefl’s Retirement Date.

View on SEC.gov

ORION ENERGY SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-210605

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