Array Tech names Kevin Hostetler CEO; Q4 revenue $219.9M, net loss $32.1M

Array Technologies, Inc.

Kevin Hostetler appointed CEO effective April 18, 2022, succeeding Jim Fusaro who retired.
Q4 2021 revenue $219.9M (up 22% YoY); net loss $32.1M vs loss $9.8M prior year.
Full year 2021 revenue $853.3M (down 2% YoY); net loss $66.1M vs income $59.1M.
Adjusted EBITDA Q4 $0.5M, full year $43.2M; 2022 guidance revenue $1.45B-$1.75B.
Executed contracts and awarded orders reached $1.8B at Dec 31, 2021, a new record.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Jim Fusaro

Chief Executive Officer

ARRY · Array Technologies, Inc.

Effective: 2022-04-18
Successor: Kevin Hostetler
Filed: April 5, 2022, 7:59 PM ET

Jim Fusaro, Chief Executive Officer (“CEO”) and a member of the Board of Directors (the “Board”) of the Company, would terminate his employment as CEO and cease serving as a member of the Board, effective as of April 18, 2022.

Appointed

Kevin Hostetler

Chief Executive Officer

ARRY · Array Technologies, Inc.

Effective: 2022-04-18
Filed: April 5, 2022, 7:59 PM ET

The Board appointed Kevin Hostetler to serve as the Chief Executive Officer of the Company, effective as of April 18, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jim Fusaro retired as Chief Executive Officer at Array Technologies, Inc..

Action: retired
Role: Chief Executive Officer

Exact text from the filing

Jim Fusaro, Chief Executive Officer (“CEO”) and a member of the Board of Directors (the “Board”) of the Company, would terminate his employment as CEO and cease serving as a member of the Board, effective as of April 18, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Hostetler was appointed as Chief Executive Officer at Array Technologies, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

The Board appointed Kevin Hostetler to serve as the Chief Executive Officer of the Company, effective as of April 18, 2022.

View on SEC.gov

Array Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001820721-22-000030

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