secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001493152-23-019974
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315223019974/0001493152-23-019974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315223019974/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-019974

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