---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-019974"
form_type: "8-K"
ticker: "ACFN"
cik: "0000880984"
company_name: "ACORN ENERGY, INC."
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:44:13.137108+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Acorn Energy enters amended consulting agreement with CFO/COO Tracy Clifford; grants 100,000 options

## Summary
- Tracy Clifford continues as CFO of Acorn Energy and COO of OmniMetrix subsidiary under new one-year consulting agreement effective June 1, 2023.
- Monthly cash compensation of $17,500; if terminated by company without cause, six months severance at same rate.
- Received grant of 100,000 options at $0.3068 per share (May 31 closing price); 25% vested immediately, rest vests quarterly over nine months.
- Agreement auto-renews annually; similar 100,000 stock option grants on each anniversary.
- Replaces prior consulting agreement dated June 1, 2022.

## SEC filing metadata
- accession: 0001493152-23-019974
- form_type: 8-K
- ticker: ACFN
- cik: 0000880984
- company_name: ACORN ENERGY, INC.
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/880984/000149315223019974/0001493152-23-019974-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880984/000149315223019974/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-019974
- JSON: https://secwatch.observer/filing/0001493152-23-019974.json
- Plain text: https://secwatch.observer/filing/0001493152-23-019974.txt

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