secwatch.observer — SEC 8-K summary
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Issuer:     TIGO ENERGY, INC. (TYGO)
CIK:        0001855447
Form:       8-K
Filed at:   2025-02-21T23:59:59+00:00
Accession:  0001213900-25-015828
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tigo Energy approves executive STI plan and amends CEO/CFO employment agreements
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- STI Plan ties cash bonuses to revenue (37.5% weight), Adjusted EBITDA (37.5%), and individual goals (25%); threshold at 75% of targets.
- CEO Zvi Alon: target bonus 100% of $500K base salary; severance includes 24 months salary on CIC-related termination, 18 months otherwise.
- CFO Bill Roeschlein: target bonus 75% of base salary; severance includes 18 months salary on CIC-related termination, 12 months otherwise.
- Aggregate bonus pool under STI Plan cannot exceed positive Adjusted EBITDA for the fiscal year unless committee decides otherwise.
- Amended employment agreements also include 24-month (CEO) and 18-month (CFO) COBRA premium payments on CIC termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855447/000121390025015828/0001213900-25-015828-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855447/000121390025015828/ea0231759-8k_tigo.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-015828

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