---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-049720"
form_type: "8-K"
ticker: "SHLS"
cik: "0001831651"
company_name: "Shoals Technologies Group, Inc."
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-18T23:58:48.068061+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Shoals Technologies CEO Jason Whitaker terminated due to disability; President Jeffery Tolnar named interim CEO

## Summary
- CEO Jason Whitaker terminated effective March 15, 2023 due to disability.
- President Jeffery Tolnar appointed interim CEO, effective March 15, 2023.
- Whitaker's unvested RSUs fully accelerate; prorated PSUs vest at target performance.
- Board adopted Executive Severance Plan for designated executives; Whitaker not eligible.
- Press release issued Feb 27, 2023 announcing CEO transition.

## SEC filing metadata
- accession: 0001193125-23-049720
- form_type: 8-K
- ticker: SHLS
- cik: 0001831651
- company_name: Shoals Technologies Group, Inc.
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831651/000119312523049720/0001193125-23-049720-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831651/000119312523049720/d475298d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-049720
- JSON: https://secwatch.observer/filing/0001193125-23-049720.json
- Plain text: https://secwatch.observer/filing/0001193125-23-049720.txt

## Key facts
- Executive change
  Jason Whitaker was terminated as Chief Executive Officer at Shoals Technologies Group, Inc..
  - Action: terminated
  - Role: Chief Executive Officer
  source text: On February 23, 2023, the Board of Directors (the “Board”) of Shoals Technologies Group, Inc. (the “Company”) made the decision to terminate Jason Whitaker’s employment as Chief Executive Officer of the Company, effective as of March 15, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831651/000119312523049720/0001193125-23-049720-index.htm
- Executive change
  Jeffery Tolnar was appointed as Interim Chief Executive Officer at Shoals Technologies Group, Inc..
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: On February 23, 2023, the Board appointed Jeffery Tolnar, the Company’s President, as interim Chief Executive Officer, effective immediately following Mr. Whitaker’s termination as contemplated above.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831651/000119312523049720/0001193125-23-049720-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.