8-K filed November 4, 2026, 10:40 AM ET ticker ARRY CIK 0001820721

M&A confidence high sentiment positive materiality 0.95

ARRAY to acquire Shoals in stock-for-stock merger; Brandon Moss to lead combined company

Array Technologies, Inc.

Shoals Class A holders receive 1.6931 ARRAY shares per share; merger intended as Section 368(a) reorganization, with no appraisal rights.
Post-close ARRAY board has 10 directors: four ARRAY designees, four Shoals designees, Shoals CEO Brandon Moss as CEO, and Brad Forth as chairman.
ARRAY CEO Kevin Hostetler will cease as CEO and board member at the effective time; he is expected to serve as a special advisor during the transition.
Preferred Stock agreement requires $150M redemption within 90 days at 93% of liquidation preference, then $50M annually at 96%; 1% fee to Blackstone/VP Helios.
Termination fees: $40.3M payable by ARRAY to Shoals and $22.2M payable by Shoals to ARRAY; outside date May 4, 2027, extendable to Nov 4, 2027.

item 1.01 item 5.02 item 7.01 item 9.01

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Executive movements

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

Departed

Kevin Hostetler

Chief Executive Officer

ARRY · Array Technologies, Inc.

Successor: Brandon Moss
Filed: November 4, 2026, 10:40 AM ET

In connection with the Merger, Kevin Hostetler, who has served as Chief Executive Officer of ARRAY since April 2022, will cease serving as Chief Executive Officer of ARRAY and as a member on the ARRAY Board, in each case effective as of the Effective Time.

Appointed

Brandon Moss

member of the ARRAY Board

ARRY · Array Technologies, Inc.

Filed: November 4, 2026, 10:40 AM ET

Pursuant to the Merger Agreement, the ARRAY Board will appoint Brandon Moss, age 48, the current Chief Executive Officer of Shoals, as Chief Executive Officer of ARRAY and as a member of the ARRAY Board, in each case effective as of, and subject to the occurrence of, the Effective Time.

Departed

Kevin Hostetler

member of the ARRAY Board

ARRY · Array Technologies, Inc.

Successor: Brandon Moss
Filed: November 4, 2026, 10:40 AM ET

In connection with the Merger, Kevin Hostetler, who has served as Chief Executive Officer of ARRAY since April 2022, will cease serving as Chief Executive Officer of ARRAY and as a member on the ARRAY Board, in each case effective as of the Effective Time.

Appointed

Brandon Moss

Chief Executive Officer

ARRY · Array Technologies, Inc.

Filed: November 4, 2026, 10:40 AM ET

Pursuant to the Merger Agreement, the ARRAY Board will appoint Brandon Moss, age 48, the current Chief Executive Officer of Shoals, as Chief Executive Officer of ARRAY and as a member of the ARRAY Board, in each case effective as of, and subject to the occurrence of, the Effective Time.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Hostetler departed as Chief Executive Officer at Array Technologies, Inc..

Action: cease serving
Role: Chief Executive Officer

Exact text from the filing

In connection with the Merger, Kevin Hostetler, who has served as Chief Executive Officer of ARRAY since April 2022, will cease serving as Chief Executive Officer of ARRAY and as a member on the ARRAY Board, in each case effective as of the Effective Time.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brandon Moss was appointed as member of the ARRAY Board at Array Technologies, Inc..

Action: appointed
Role: member of the ARRAY Board

Exact text from the filing

Pursuant to the Merger Agreement, the ARRAY Board will appoint Brandon Moss, age 48, the current Chief Executive Officer of Shoals, as Chief Executive Officer of ARRAY and as a member of the ARRAY Board, in each case effective as of, and subject to the occurrence of, the Effective Time.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Hostetler departed as member of the ARRAY Board at Array Technologies, Inc..

Action: cease serving
Role: member of the ARRAY Board

Exact text from the filing

In connection with the Merger, Kevin Hostetler, who has served as Chief Executive Officer of ARRAY since April 2022, will cease serving as Chief Executive Officer of ARRAY and as a member on the ARRAY Board, in each case effective as of the Effective Time.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brandon Moss was appointed as Chief Executive Officer at Array Technologies, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

Pursuant to the Merger Agreement, the ARRAY Board will appoint Brandon Moss, age 48, the current Chief Executive Officer of Shoals, as Chief Executive Officer of ARRAY and as a member of the ARRAY Board, in each case effective as of, and subject to the occurrence of, the Effective Time.

View on SEC.gov

Array Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-446483

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