---
schema_version: "secwatch.filing_event.v1"
accession: "0001852131-25-000028"
form_type: "8-K"
ticker: "NXT"
cik: "0001852131"
company_name: "Nextpower Inc."
filed_at: "2025-06-18T23:59:59+00:00"
generated_at: "2026-05-19T03:25:06.365938+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Nextracker appoints Monica Karuturi and Mark Menezes to Board of Directors

## Summary
- Board expanded from 9 to 11 directors; Karuturi (Class III) and Menezes (Class I) appointed effective June 17, 2025.
- Monica Karuturi is EVP & General Counsel at CenterPoint Energy; will serve on Compensation Committee.
- Mark Menezes is President & CEO of USEA and former Deputy Secretary of DOE; will serve on Nominating Committee.
- Each appointee receives annual cash retainer and $150K RSU grant; Karuturi $77,500 cash, Menezes $70,000 cash, prorated initially.
- Both directors qualified as independent under Nasdaq listing rules.

## SEC filing metadata
- accession: 0001852131-25-000028
- form_type: 8-K
- ticker: NXT
- cik: 0001852131
- company_name: Nextpower Inc.
- filed_at: 2025-06-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852131/000185213125000028/0001852131-25-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852131/000185213125000028/nxt-20250617.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001852131-25-000028
- JSON: https://secwatch.observer/filing/0001852131-25-000028.json
- Plain text: https://secwatch.observer/filing/0001852131-25-000028.txt

## Key facts
- Executive change
  Monica Karuturi was appointed as director at Nextpower Inc..
  - Action: appointed
  - Role: director
  source text: On June 17, 2025, the Board of Directors (the “ Board ”) of Nextracker Inc. (the “ Company ”) increased the number of directors serving on the Board from nine to eleven and appointed Monica Karuturi and Mark Menezes to serve as directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852131/000185213125000028/0001852131-25-000028-index.htm
- Executive change
  Mark Menezes was appointed as director at Nextpower Inc..
  - Action: appointed
  - Role: director
  source text: On June 17, 2025, the Board of Directors (the “ Board ”) of Nextracker Inc. (the “ Company ”) increased the number of directors serving on the Board from nine to eleven and appointed Monica Karuturi and Mark Menezes to serve as directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852131/000185213125000028/0001852131-25-000028-index.htm

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