On November 30, 2022, the Company announced that its Chief Executive Officer, Jason Whitaker, has informed the Board of Directors that he intends to step down from his role as Chief Executive Officer for health reasons in early 2023.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Jason Whitaker departed as Chief Executive Officer at Shoals Technologies Group, Inc..
Action
step down
Role
Chief Executive Officer
Exact text from the filing
On November 30, 2022, the Company announced that its Chief Executive Officer, Jason Whitaker, has informed the Board of Directors that he intends to step down from his role as Chief Executive Officer for health reasons in early 2023.
Material AgreementsSEC 8-K Item 1.01/1.02confidence 0.95
Shoals Technologies Group, Inc. amended Tax Receivable Agreement Amendment with holders party thereto valued at $58.1 million payable in cash (effective 2022-11-29).
Action
amendment
Counterparty
holders party thereto
Value
$58.1 million payable in cash
Effective
2022-11-29
Exact text from the filing
On November 29, 2022, Shoals Technologies Group, Inc. (the “ Company ”) entered into an amendment (the “ TRA Amendment ”) to the Tax Receivable Agreement, dated as of January 29, 2021 (as amended or otherwise modified from time to time, the “ TRA ”), by and among the Company and the holders party thereto, pursuant to which the parties to the TRA agreed to grant the Company a right to terminate the TRA at its election until December 31, 2022 in exchange for a termination consideration of $58.1 million payable in cash (the “ TRA Termination Consideration ”).
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