Spruce Power appoints new director, resolves activist situations with Clayton and Esplanade

SPRUCE POWER HOLDING CORP

Appointed Clara Nagy McBane as independent Class B director; board expands to seven members.
McBane is founder and CEO of Ventura Energy, with 13 years of renewables experience.
Cooperation Agreement with Clayton includes voting alignment, standstill, and 14.9% ownership cap.
Agreement extends through 2025 annual meeting; Clayton will vote with board recommendation.
Activist Esplanade Capital withdrew its director nominations and business proposal for 2024 meeting.

item 1.01 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Clara Nagy McBane

Director

SPRU · SPRUCE POWER HOLDING CORP

Effective: 2024-06-24
Filed: June 24, 2024, 7:59 PM ET

the Board appointed Ms. McBane to serve as a Class B director on the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Clara Nagy McBane was appointed as Director at SPRUCE POWER HOLDING CORP.

Action: appointed
Role: Director

Exact text from the filing

the Board appointed Ms. McBane to serve as a Class B director on the Board

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SPRUCE POWER HOLDING CORP filing history →

Source: SEC EDGAR

accession 0001628280-24-029464

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