secwatch.observer — SEC 8-K summary
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Issuer:     ACORN ENERGY, INC. (ACFN)
CIK:        0000880984
Form:       8-K
Filed at:   2025-01-08T23:59:59+00:00
Accession:  0001493152-25-001317
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acorn Energy enters new consulting agreement with CEO Jan H. Loeb; monthly cash compensation $26,780 plus option grant
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- Jan H. Loeb continues as President & CEO of Acorn Energy and Acting CEO of OmniMetrix under a consulting agreement effective Jan 1, 2025 through Dec 31, 2025.
- Monthly cash compensation: $16,780 for CEO role plus $10,000 for Acting CEO role at OmniMetrix, total $26,780 per month.
- Granted options to purchase 2,200 shares of common stock at $17.50 per share; 25% vested immediately, remainder vesting quarterly on April 1, July 1, and October 1, 2025.
- Loeb remains an independent contractor, not an employee, and may pursue other outside activities including Leap Tide.
- Either party may terminate early: Loeb on 30 days' notice, Company on 15 days' notice; accrued compensation remains payable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/880984/000149315225001317/0001493152-25-001317-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/880984/000149315225001317/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-001317

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