secwatch.observer — SEC 8-K summary
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Issuer:     TIGO ENERGY, INC. (TYGO)
CIK:        0001855447
Form:       8-K
Filed at:   2023-06-12T23:59:59+00:00
Accession:  0001213900-23-048173
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tigo Energy adopts Fiscal 2023 Executive Short Term Incentive Plan
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- Cash bonus based 37.5% on 2023 revenue, 37.5% on Adjusted EBITDA, 25% on individual goals.
- Minimum threshold: company revenue and Adjusted EBITDA must reach 75% of target for any payout.
- Maximum payout: 150% of target bonus if performance exceeds target levels.
- Bonus determination by Compensation Committee after fiscal 2023; payment expected by February 28, 2024.
- Eligibility requires employment by December 31, 2022; hires during 2023 receive pro-rata bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855447/000121390023048173/0001213900-23-048173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855447/000121390023048173/ea180186-8k_tigoenergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-048173

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