---
schema_version: "secwatch.filing_event.v1"
accession: "0001820721-22-000096"
form_type: "8-K"
ticker: "ARRY"
cik: "0001820721"
company_name: "Array Technologies, Inc."
filed_at: "2022-07-21T23:59:59+00:00"
generated_at: "2026-06-24T10:13:14.747443+00:00"
event_type: "litigation"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Array Tech settles trade secret suit against Nextracker for $42.75M; Nextracker acknowledges wrongdoing

## Summary
- Array receives $42.75M settlement from Nextracker and other defendants to resolve 2017 trade secret and breach of contract claims.
- Nextracker admits an Array employee was hired in violation of non-compete and that confidential information was improperly obtained.
- Trial set for July 18, 2022; settlement reached July 15, 2022, with confidentiality of terms except as required by law.
- Mutual limited release covers all claims asserted or that could have been asserted in the case.

## SEC filing metadata
- accession: 0001820721-22-000096
- form_type: 8-K
- ticker: ARRY
- cik: 0001820721
- company_name: Array Technologies, Inc.
- filed_at: 2022-07-21T23:59:59+00:00
- event_type: litigation
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820721/000182072122000096/0001820721-22-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820721/000182072122000096/arry-20220715.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001820721-22-000096
- JSON: https://secwatch.observer/filing/0001820721-22-000096.json
- Plain text: https://secwatch.observer/filing/0001820721-22-000096.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.