{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-112876","form_type":"8-K","ticker":"OESX","cik":"0001409375","company_name":"ORION ENERGY SYSTEMS, INC.","filed_at":"2025-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.196729+00:00","generated_at":"2026-05-22T16:55:51.565473+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Orion Energy Systems finalizes CEO replacement; Jenkins receives $633K severance","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-112876","json":"https://secwatch.observer/filing/0001193125-25-112876.json","markdown":"https://secwatch.observer/filing/0001193125-25-112876.md","text":"https://secwatch.observer/filing/0001193125-25-112876.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1409375/000119312525112876/0001193125-25-112876-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1409375/000119312525112876/d939750d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T16:55:51.565473+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dd8baeb40d","claim":"Michael H. Jenkins departed as Chief Executive Officer at ORION ENERGY SYSTEMS, INC..","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409375/000119312525112876/0001193125-25-112876-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"replaced"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"e79371a999","claim":"Michael H. Jenkins resigned as Director at ORION ENERGY SYSTEMS, INC..","evidence_excerpt":"Mr. Jenkins also resigned as a member of the Company’s board of directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1409375/000119312525112876/0001193125-25-112876-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}