secwatch.observer — SEC 8-K summary
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Issuer:     ORION ENERGY SYSTEMS, INC. (OESX)
CIK:        0001409375
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001193125-22-210605
Event type: leadership
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.02, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409375/000119312522210605/0001193125-22-210605-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409375/000119312522210605/d353290d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-210605

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