secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0001493152-23-000049
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Acorn Energy enters consulting agreement with CEO Jan Loeb: $16K/mo + $10K/mo, 35K options at $0.35
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- Consulting Agreement with Jan H. Loeb effective Jan 1, 2023, through Dec 31, 2023 or earlier termination.
- Cash compensation: $16,000/month as President/CEO of Acorn Energy, plus $10,000/month as Acting CEO of OmniMetrix.
- Grant of options to purchase 35,000 shares at $0.35 per share (Dec 30 closing price).
- Options vest 25% immediately, remainder in three equal installments on Apr 1, Jul 1, Oct 1, 2023.
- Terms otherwise similar to outside director options.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315223000049/0001493152-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315223000049/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer