secwatch / observer
8-K filed November 8, 2022, 6:59 PM ET ticker ARRY CIK 0001820721
earnings confidence high sentiment neutral materiality 0.70

Array Technologies, Inc. (ARRY): auditor change — Array Tech Q3 record revenue $515M, beats; restates Q2 financials; appoints new director

Array Technologies, Inc.

2022-Q3 EPS reported -$0.15 revenue$1,235,475,000

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Tracy Jokinen

member of the Board
ARRY · Array Technologies, Inc.
Effective
2022-11-08
Filed
November 8, 2022, 6:59 PM ET
Effective November 8, 2022, the Board, acting upon the recommendation of its Nominating and Corporate Governance Committee, appointed Tracy Jokinen to serve as a member of the Board.
Departed

Ron Corio

member of the Board
ARRY · Array Technologies, Inc.
Successor
Tracy Jokinen
Filed
November 8, 2022, 6:59 PM ET
On November 3, 2022, Ron Corio delivered written notice to the Board of the Company stating that he had resigned from his position as a member of the Board.

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Array Technologies, Inc. reported that prior financial statements should not be relied upon.

Action
non reliance
Auditor
BDO USA, LLP
Exact text from the filing
On November 7, 2022, management and the Audit Committee of the Board of Directors (the “Board”) of the Company, in consultation with BDO USA, LLP (“BDO”), the Company’s independent registered public accounting firm, determined that the Company’s previously issued interim financial statements filed on its Form 10-Q as of June 30, 2022, and for the three and six months ended June 30, 2022 (the “Non-Reliance Periods”), should no longer be relied upon until the financial statements are restated.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Array Technologies, Inc. reported third quarter ended September 30, 2022 results: revenue $515.0 million, net income net income to common stockholders of $28.6 million, EPS $0.19 per basic and diluted share.

Period
third quarter ended September 30, 2022
Revenue
$515.0 million
Net income
net income to common stockholders of $28.6 million
EPS
$0.19 per basic and diluted share
Result
reported results
Exact text from the filing
measures to GAAP. --- EX-99.1 (EX-99.1) --- November 8, 2022 Array Technologies, Inc. Reports Financial Results for the Third Quarter 2022 – Delivers record revenue of $515 million and the fourth consecutive quarter of gross margin improvement Third Quarter 2022 Highlights • Revenue of $515.0 million • Net income to common stockholders of $28.6 million •
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Tracy Jokinen was appointed as member of the Board at Array Technologies, Inc..

Action
appointed
Role
member of the Board
Exact text from the filing
Effective November 8, 2022, the Board, acting upon the recommendation of its Nominating and Corporate Governance Committee, appointed Tracy Jokinen to serve as a member of the Board.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Ron Corio resigned as member of the Board at Array Technologies, Inc..

Action
resigned
Role
member of the Board
Exact text from the filing
On November 3, 2022, Ron Corio delivered written notice to the Board of the Company stating that he had resigned from his position as a member of the Board.
View on SEC.gov

6 auditor changes filed in the last 30 days. Browse all auditor changes →

Array Technologies, Inc. filing history →

Source: SEC EDGAR
accession 0001820721-22-000143
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