secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0001493152-24-001395
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acorn Energy extends CEO and CFO consulting agreements with monthly cash and option grants
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- CEO Loeb receives $16,780/month plus $10,000/month as OmniMetrix Acting CEO; term through Dec 31, 2024.
- CFO Clifford receives $18,025/month under auto-renewing one-year consulting agreement.
- Each executive granted 2,200 options at $6.09/share; 25% vested immediately, remainder quarterly.
- Options vest in equal increments on April 1, July 1, October 1, 2024.
- Clifford's agreement provides six months severance if terminated without cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315224001395/0001493152-24-001395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315224001395/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-001395

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