Orion Energy Systems finalizes CEO replacement; Jenkins receives $633K severance

ORION ENERGY SYSTEMS, INC.

Michael H. Jenkins replaced as CEO effective April 14, 2025; also resigned from board.
Severance agreement provides $633,421 paid over 18 months, plus 321,811 unvested restricted shares fully vest.
Performance share awards and restricted cash awards forfeited and cancelled.
Jenkins reaffirmed confidentiality, non-compete, and non-solicitation covenants; company agrees to non-disparagement.
Departure was not due to any disagreement with company, according to the filing.

item 5.02 item 9.01

Executive movements

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

Departed

Michael H. Jenkins

Chief Executive Officer

OESX · ORION ENERGY SYSTEMS, INC.

Effective: 2025-04-14
Filed: May 5, 2025, 7:59 PM ET

Michael H. Jenkins, the Company’s Chief Executive Officer, had been replaced as Chief Executive Officer of the Company effective as of April 14, 2025

Departed

Michael H. Jenkins

Director

OESX · ORION ENERGY SYSTEMS, INC.

Effective: 2025-04-14
Filed: May 5, 2025, 7:59 PM ET

Mr. Jenkins also resigned as a member of the Company’s board of directors

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: replaced
Role: Chief Executive Officer

Exact text from the filing

Michael H. Jenkins, the Company’s Chief Executive Officer, had been replaced as Chief Executive Officer of the Company effective as of April 14, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael H. Jenkins resigned as Director at ORION ENERGY SYSTEMS, INC..

Action: resigned
Role: Director

Exact text from the filing

Mr. Jenkins also resigned as a member of the Company’s board of directors

View on SEC.gov

ORION ENERGY SYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-112876

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