secwatch.observer — SEC 8-K summary
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Issuer:     Array Technologies, Inc. (ARRY)
CIK:        0001820721
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001820721-24-000081
Event type: leadership
Sentiment:  positive
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Array Technologies names H. Keith Jennings as CFO effective January 6, 2025
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- Jennings receives $500K base salary, 80% target bonus, and $500K equity grant (RSUs) on start.
- Eligible for additional $1.5M equity grant (50% PSUs, 50% RSUs) under LTIP.
- Previous CFO at Weatherford International and Calumet Specialty Products; board seats at Noble Corp (NE) and 5E Advanced Materials (FEAM).
- Severance: termination without cause gets 100% base salary + 12 months COBRA; change-in-control gets 200% base + target bonus.
- Appointment effective January 6, 2025; reports to CEO Kevin Hostetler.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820721/000182072124000081/0001820721-24-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820721/000182072124000081/arry-20241201.htm
  HTML page:      https://secwatch.observer/filing/0001820721-24-000081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer