Enphase Energy CFO Eric Branderiz to retire; Mandy Yang appointed as successor

Enphase Energy, Inc.

Eric Branderiz, EVP and CFO, will retire effective Feb 14, 2022; no disagreements with company.
Mandy Yang, current VP, CAO and Treasurer, appointed CFO effective Feb 15, 2022; will serve as principal financial and accounting officer.
Branderiz will remain in advisory capacity through June 30, 2022 to assist transition.
Branderiz receives severance: lump-sum of 12 months base salary plus target bonus, COBRA premiums for 12 months, and accelerated equity vesting.
Yang's compensation: base salary $350,000, bonus target 75% of base, and 40,000 RSUs vesting over 4 years.

item 5.02

Executive movements

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Appointed

Mandy Yang

Chief Financial Officer

ENPH · Enphase Energy, Inc.

Effective: 2022-02-15
Filed: February 9, 2022, 6:59 PM ET

On February 5, 2022, Mandy Yang, who is currently serving as the Company’s Vice President, Chief Accounting Officer and Corporate Treasurer, was appointed by the Company’s Board of Directors to assume the additional role of Chief Financial Officer, effective February 15, 2022.

Departed

Eric Branderiz

Executive Vice President and Chief Financial Officer

ENPH · Enphase Energy, Inc.

Effective: 2022-02-14
Successor: Mandy Yang
Filed: February 9, 2022, 6:59 PM ET

On February 2, 2022, Eric Branderiz, Executive Vice President and Chief Financial Officer of Enphase Energy, Inc. (the “Company”), notified the Company of his intention to retire from his position at the Company, effective February 14, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mandy Yang was appointed as Chief Financial Officer at Enphase Energy, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On February 5, 2022, Mandy Yang, who is currently serving as the Company’s Vice President, Chief Accounting Officer and Corporate Treasurer, was appointed by the Company’s Board of Directors to assume the additional role of Chief Financial Officer, effective February 15, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Eric Branderiz departed as Executive Vice President and Chief Financial Officer at Enphase Energy, Inc..

Action: retire
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On February 2, 2022, Eric Branderiz, Executive Vice President and Chief Financial Officer of Enphase Energy, Inc. (the “Company”), notified the Company of his intention to retire from his position at the Company, effective February 14, 2022.

View on SEC.gov

Enphase Energy, Inc. filing history →

Source: SEC EDGAR

accession 0001463101-22-000010

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