---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-004641"
form_type: "8-K"
ticker: "ORA"
cik: "0001296445"
company_name: "ORMAT TECHNOLOGIES, INC."
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-18T23:16:07.647943+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Shlomi Argas to step down as President of Ormat Technologies, remain as senior consultant

## Summary
- Shlomi Argas to transition out of President and Head of Operations and Products role effective July 1, 2023.
- Argas will remain employed as senior consultant supporting strategic, sales, business development, and operational efforts.
- Decision part of longer-term personal retirement plan; not due to any disagreement with Company.
- New compensation arrangements for consultant role to be finalized and disclosed later.

## SEC filing metadata
- accession: 0001437749-23-004641
- form_type: 8-K
- ticker: ORA
- cik: 0001296445
- company_name: ORMAT TECHNOLOGIES, INC.
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1296445/000143774923004641/0001437749-23-004641-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1296445/000143774923004641/ora20230226_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-004641
- JSON: https://secwatch.observer/filing/0001437749-23-004641.json
- Plain text: https://secwatch.observer/filing/0001437749-23-004641.txt

## Key facts
- Executive change
  Shlomi Argas changed role as President and Head of Operations and Products at ORMAT TECHNOLOGIES, INC..
  - Action: transitioned
  - Role: President and Head of Operations and Products
  source text: On February 22, 2023, Shlomi Argas notified Ormat Technologies, Inc. (the “Company”) of his intent to transition out of his role as President and Head of Operations and Products of the Company, effective July 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1296445/000143774923004641/0001437749-23-004641-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.