Shoals Technologies Group, Inc. — fact timeline

Shoals Technologies Group, Inc. amended Amendment No. 7 with Wilmington Trust, National Association, JPMorgan Chase Bank, N.A., and each L/C issuer and lender valued at $50,000,000 (effective 2026-06-10).

“On June 10, 2026 (the “Effective Date”), Shoals Technologies Group, Inc. (the “Company”), as borrower, and certain of its subsidiaries entered into Amendment No. 7 (the “Amendment”) to the Credit Agreement, dated as of November 25, 2020, with Wilmington Trust, National Association, as Collateral Agent, JPMorgan Chase Bank, N.A., as Administrative Agent, and each L/C issuer and lender from time to time party thereto”

Shoals Technologies Group, Inc. incurred revolving credit of $50,000,000 with JPMorgan Chase Bank, N.A., as Administrative Agent maturing 18 months after the Effective Date.

“(i) provides for a new tranche of incremental revolving loans in an aggregate principal amount of $50,000,000 (the “2026 Incremental Revolving Loans”) for a period of 18 months after the Effective Date”

Shoals Technologies Group, Inc. amended Amendment No. 7 to Credit Agreement with Wilmington Trust, National Association, JPMorgan Chase Bank, N.A. valued at $50,000,000 (effective 2026-06-10).

“On June 10, 2026 (the “Effective Date”), Shoals Technologies Group, Inc. (the “Company”), as borrower, and certain of its subsidiaries entered into Amendment No. 7 (the “Amendment”) to the Credit Agreement, dated as of November 25, 2020, with Wilmington Trust, National Association, as Collateral Agent, JPMorgan Chase Bank, N.A., as Administrative Agent, and each L/C issuer and lender from time to time party thereto (as amended prior to the Effective Date, the “Existing Credit Agreement,” and as amended from time to time, the “Amended Credit Agreement”).”

Shoals Technologies Group, Inc. reported Q1 2026 results: revenue $140.6 million, net income Net Loss of $0.3 million. Guidance raised.

“by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Shoals Technologies Group, Inc. Reports Financial Results for First Quarter 2026 – Quarterly Revenue of $140.6 million – – Income from Operations of $7.7 million – – Net Loss of $0.3 million – – Adjusted EBITDA 1 of $21.1 million – – Record Backlog and Awarded Orders of $758.0 million – –”

Shoals Technologies Group, Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2026-04-30 meeting.

“3. Ratification of Appointment of Independent Registered Public Accounting Firm The appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 was ratified.”

Shoals Technologies Group, Inc. shareholders approved Advisory Vote on the Approval of the Compensation of the Company’s Named Executive Officers at the 2026-04-30 meeting.

“2. Advisory Vote on the Approval of the Compensation of the Company’s Named Executive Officers The compensation of the Company’s named executive officers (“say-on-pay”) was approved, on a non-binding, advisory basis.”

Shoals Technologies Group, Inc. shareholders approved Election of Directors at the 2026-04-30 meeting.

“1. Election of Directors The Company’s shareholders elected the following nominees for director to serve as directors for a one-year term expiring in 2027 or until their successors shall have been elected and qualified.”

Dominic Bardos was appointed as principal accounting officer at Shoals Technologies Group, Inc..

“Upon Ms. Lund’s departure, Dominic Bardos, the Company’s Chief Financial Officer, will assume the role of the Company’s principal accounting officer.”

Inez Lund resigned as Chief Accounting Officer at Shoals Technologies Group, Inc..

“On May 2, 2025 , Inez Lund notified the Company of her decision to resign from her role as the Company’s Chief Accounting Officer and principal accounting officer.”

Shoals Technologies Group, Inc. engaged Ernst & Young LLP as its auditor.

“On March 11, 2025, the Audit Committee appointed and engaged Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm to audit the Company’s consolidated financial statements for its year ending December 31, 2025.”

Shoals Technologies Group, Inc. dismissed BDO USA, P.C. as its auditor.

“On March 11, 2025, BDO USA, P.C. (“BDO”) was notified on behalf of the Audit Committee of the Board of Directors (the “Audit Committee”) of Shoals Technologies Group, Inc. (the “Company”) that it was dismissed as the Company’s independent registered public accounting firm effective immediately.”

Niharika Taskar Ramdev was appointed as Class I director at Shoals Technologies Group, Inc..

“On August 7, 2024, the Board appointed, effective August 9, 2024, Niharika Taskar Ramdev as a Class I director, with a term expiring at the Company’s annual meeting of stockholders in 2025.”

Peter Wilver resigned as director at Shoals Technologies Group, Inc..

“On August 7, 2024, Peter Wilver resigned from the board of directors (the “Board”) of Shoals Technologies Group, Inc. (the “Company”), effective as of August 9, 2024.”

Mehgan Peetz resigned as Chief Legal Officer and Corporate Secretary at Shoals Technologies Group, Inc..

“On July 28, 2024, Mehgan Peetz, the Chief Legal Officer and Corporate Secretary, and a named executive officer of Shoals Technologies Group, Inc. (the “Company”), informed the Company of her resignation, effective August 23, 2024.”

Shoals Technologies Group, Inc. reported first quarter ended March 31, 2024 results: revenue $90.8 million, net income $4.8 million, EPS $0.03. Guidance initiated.

“Shoals Technologies Group, Inc. Reports Financial Results for First Quarter 2024 – Quarterly Revenue of $90.8 million”

Shoals Technologies Group, Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2024-05-02 meeting.

“5. Ratification of Appointment of Independent Registered Public Accounting Firm The appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024 was ratified. For Against Abstain 151,075,109 429,770 49,228”

Shoals Technologies Group, Inc. shareholders approved Approval of an Amendment to the Company’s Amended and Restated Certificate of Incorporation to Provide for Exculpation of Certain Officers of the Company as Permitted by Recent Amendments to Delaware Law at the 2024-05-02 meeting.

“4. Approval of an Amendment to the Company’s Amended and Restated Certificate of Incorporation to Provide for Exculpation of Certain Officers of the Company as Permitted by Recent Amendments to Delaware Law The Company’s proposed amendment to the Company’s Amended and Restated Certificate of Incorporation to provide for exculpation of certain officers of the Company as permitted by recent amendments to Delaware law was approved by the shareholders. For Against Abstain Broker Non-Votes 116,070,360 29,960,746 71,925 5,451,076”

Shoals Technologies Group, Inc. shareholders approved Approval of an Amendment to the Company’s Amended and Restated Certificate of Incorporation to Declassify the Board of Directors and Phase-In Annual Director Elections at the 2024-05-02 meeting.

“3. Approval of an Amendment to the Company’s Amended and Restated Certificate of Incorporation to Declassify the Board of Directors and Phase-In Annual Director Elections The Company’s proposed amendment to the Company’s Amended and Restated Certificate of Incorporation to declassify the Company’s Board of Directors and phase-in annual director elections was approved by the shareholders. For Against Abstain Broker Non-Votes 145,936,803 130,456 35,772 5,451,076”

Shoals Technologies Group, Inc. shareholders approved Advisory Vote on the Approval of the Compensation of the Company’s Named Executive Officers at the 2024-05-02 meeting.

“2. Advisory Vote on the Approval of the Compensation of the Company’s Named Executive Officers The compensation of the Company’s named executive officers (“say-on-pay”) was approved, on an advisory basis. For Against Abstain Broker Non-Votes 120,049,755 25,980,994 72,282 5,451,076”

Shoals Technologies Group, Inc. shareholders approved Election of Class III Directors at the 2024-05-02 meeting.

“1. Election of Class III Directors The Company’s shareholders elected the following nominees for director to serve as Class III directors for a term expiring in 2027 or until their successors shall have been elected and qualified.”

Shoals Technologies Group, Inc. incurred revolving credit of $200,000,000 with JPMorgan Chase Bank, N.A., as Administrative Agent at adjusted term SOFR or base rate plus (i) in the case of SOFR loans, 2.50% per an maturing March 19, 2029.

“from time to time, the “Amended Credit Agreement”). The Amendment, among other things, (i) provides for a new tranche of revolving loans in an aggregate principal amount of $200,000,000 (the “2024 Revolving Loans”), (ii) reduces the interest rate margin applicable to revolving loans outstanding under the Amended Credit Agreement by at least 0.25% with additional”

Shoals Technologies Group, Inc. amended Amendment No. 6 to Credit Agreement with JPMorgan Chase Bank, N.A. valued at $200,000,000 new revolving loans; reduces interest rate margin; reduces commitment fee; extends matu (effective 2024-03-19).

“On March 19, 2024 (the "Effective Date"), Shoals Technologies Group, Inc. (the "Company"), as borrower, and certain of its subsidiaries entered into Amendment No. 6 (the "Amendment") to the Credit Agreement, dated as of November 25, 2020, with Wilmington Trust, National Association, as Collateral Agent, JPMorgan Chase Bank, N.A., as Administrative Agent, and each L/C issuer and lender from time to time party thereto (as amended prior to the Effective Date, the "Existing Credit Agreement," and as amended from time to time, the "Amended Credit Agreement").”

Shoals Technologies Group, Inc. reported financial results for the full year and three months ended December 31, 2023.

“On February 28, 2024 , Shoals Technologies Group, Inc. (the “Company”) issued a press release announcing its financial results for the full year and three months ended December 31, 2023.”

Shoals Technologies Group, Inc. reported three months ended September 30, 2023 results: revenue $134.2 million, net income $(9.8) million, EPS $(0.06). Guidance raised.

“Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2023 – Record Quarterly Revenue of $134.2 million”

Shoals Technologies Group, Inc. updated its three months ended June 30, 2023 guidance (reaffirmed).

“On August 1, 2023 , Shoals Technologies Group, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended June 30, 2023.”

Brandon Moss was appointed as Chief Executive Officer at Shoals Technologies Group, Inc..

“On June 14, 2023, Shoals Technologies Group, Inc. (the “Company”) announced that it has appointed Brandon Moss as Chief Executive Officer of the Company, effective as of July 17, 2023 (the “Effective Date”).”

Shoals Technologies Group, Inc. reported the three months ended March 31, 2023 results: revenue $105.1 million, net income $17.0 million, EPS $0.10. Guidance raised.

“Shoals Technologies Group, Inc. Reports Financial Results for First Quarter 2023 – Revenue of $105.1 million, up 55% Compared to the Prior Year Period and a Quarterly Record”

Shoals Technologies Group, Inc. shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-05-04 meeting.

“4. Ratification of Appointment of Independent Registered Public Accounting Firm The appointment of BDO USA, LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 was ratified. For Against Abstain 147,224,012 470,976 72,150”

Shoals Technologies Group, Inc. shareholders approved Advisory Vote on the Approval of the Compensation of the Company’s Named Executive Officers at the 2023-05-04 meeting.

“3. Advisory Vote on the Approval of the Compensation of the Company’s Named Executive Officers The compensation of the Company’s named executive officers (“say-on-pay”) was approved, on an advisory basis. For Against Abstain Broker Non-Votes 122,223,758 13,207,807 570,173 11,765,400”

Shoals Technologies Group, Inc. shareholders approved Advisory Vote on the Frequency of Future Say-on-Pay Votes at the 2023-05-04 meeting.

“2. Advisory Vote on the Frequency of Future Say-on-Pay Votes The Company’s shareholders recommended, on an advisory basis, to hold future advisory votes on the compensation of the Company’s named executive officers every year (“say-on-pay” frequency). 1 Year 2 Years 3 Years Abstain Broker Non-Votes 133,376,878 47,220 2,399,037 178,603 11,765,400”

Shoals Technologies Group, Inc. shareholders approved Election of Class II Directors at the 2023-05-04 meeting.

“1. Election of Class II Directors The Company’s shareholders elected the following nominees for director to serve as Class II directors for a term expiring in 2026 or until their successors shall have been elected and qualified. Name For Withheld Broker Non-Votes Jeannette Mills 134,773,232 1,228,506 11,765,400 Lori Sundberg 76,987,549 59,014,189 11,765,400”

Shoals Technologies Group, Inc. reported full year 2023 results: revenue in the range of $470 million to $510 million, net income in the range of $87 million to $97 million. Guidance initiated.

“Full Year 2023 Outlook Based on current business conditions, business trends and other factors, for the full year 2023, the Company expects: • Revenue to be in the range of $470 million to $510 million • Adjusted EBITDA to be in the range of $140 million to $155 million • Adjusted net income to be in the range of $87 million to $97 million • Interest expense to be in the range of $22 to $26 million • Capital expenditures to be in the range of $8 to $12 million”

Shoals Technologies Group, Inc. reported financial results for the year ended December 31, 2022.

“On February 28, 2023 , Shoals Technologies Group, Inc. (the “Company”) issued a press release announcing its financial results for the year ended December 31, 2022.”

Shoals Technologies Group, Inc. reported Fourth Quarter 2022 results: revenue $94.7 million, net income Net income was $118.3 million, EPS Basic and diluted net income per share was $0.94 and $0.70, respectively.

“Revenue was $94.7 million, compared to $48.0 million for the prior-year period, an increase of 97% driven by higher sales volumes as a result of greater demand for solar EBOS generally and the Company’s combine-as-you-go system solutions specifically as well as our EV solutions products. 1 Exhibit 99.1 System Solutions revenue increased 150% while Components revenue decreased 14%, compared to the prior-year period. System Solutions represented 86% of revenue in the quarter versus 68% in the prior-year period. Gross profit increased 154% to $40.4 million, compared to $15.9 million in the prior-year period. Gross profit as a percentage of revenue increased over 950 basis points to 42.7% compared to 33.1% in the prior-year period, due to a higher proportion of revenue generated from the Company’s combine-as-you-go system solutions, which carry higher margins than its other products, and increased leverage on fixed costs as a result of higher sales volumes. General and administrative expen”

Jeffery Tolnar was appointed as Interim Chief Executive Officer at Shoals Technologies Group, Inc..

“On February 23, 2023, the Board appointed Jeffery Tolnar, the Company’s President, as interim Chief Executive Officer, effective immediately following Mr. Whitaker’s termination as contemplated above.”

Jason Whitaker was terminated as Chief Executive Officer at Shoals Technologies Group, Inc..

“On February 23, 2023, the Board of Directors (the “Board”) of Shoals Technologies Group, Inc. (the “Company”) made the decision to terminate Jason Whitaker’s employment as Chief Executive Officer of the Company, effective as of March 15, 2023.”

Jeffery Tolnar was appointed as President at Shoals Technologies Group, Inc..

“its Board of Directors (the “Board”) has appointed Jeffery Tolnar as President of the Company, effective December 19, 2022.”

Shoals Technologies Group, Inc. terminated Tax Receivable Agreement with the other parties to the Tax Receivable Agreement valued at $58,100,000 (effective 2022-12-06).

“Item 1.02 Termination of a Material Definitive Agreement. As previously announced, on November 29, 2022, the Company entered into an amendment (the “ TRA Amendment ”) to its Tax Receivable Agreement, dated as of January 29, 2021 (as amended or otherwise modified from time to time, the “ Tax Receivable Agreement ”), pursuant to which the parties thereto agreed to grant the Company a right to terminate the Tax Receivable Agreement until December 31, 2022 (the “ TRA Termination Right ”) in exchange for a termination consideration of $58.1 million payable in cash (the “ TRA Termination Consideration ”). On November 29, 2022, the Company exercised its TRA Termination Right, and the Tax Receivable Agreement was terminated on December 6, 2022.”

Shoals Technologies Group, Inc. entered into LLCA Amendment with Dean Solon and certain of his affiliates (the Solon Group) (effective 2022-12-06).

“Item 1.01 Entry into a Material Definitive Agreement. On December 6, 2022, Shoals Technologies Group, Inc. (the “ Company ”) entered into an amendment (the “ LLCA Amendment ”) to the Third Amended and Restated Limited Liability Company Agreement, dated as of January 29, 2021 (as amended or otherwise modified from time to time, the “ LLC Agreement ”) of Shoals Parent LLC, a subsidiary of the Company (“ Shoals Parent ”), by and among Shoals Parent, the Company and the other members party thereto, including Dean Solon and certain of his affiliates (the “ Solon Group ”), pursuant to which the parties agreed to, among other things, make certain changes to the LLC Agreement upon the Solon Group’s beneficial ownership of common stock falling below 10% of the total voting power for a specified period of time, including by providing that, upon the occurrence of such ownership event, the distribution tax rate used to determine the amount of tax distributions to be made to members of Shoals Paren”

Shoals Technologies Group, Inc. amended Tax Receivable Agreement Amendment with holders party thereto valued at $58.1 million payable in cash (effective 2022-11-29).

“On November 29, 2022, Shoals Technologies Group, Inc. (the “ Company ”) entered into an amendment (the “ TRA Amendment ”) to the Tax Receivable Agreement, dated as of January 29, 2021 (as amended or otherwise modified from time to time, the “ TRA ”), by and among the Company and the holders party thereto, pursuant to which the parties to the TRA agreed to grant the Company a right to terminate the TRA at its election until December 31, 2022 in exchange for a termination consideration of $58.1 million payable in cash (the “ TRA Termination Consideration ”).”

Jason Whitaker departed as Chief Executive Officer at Shoals Technologies Group, Inc..

“On November 30, 2022, the Company announced that its Chief Executive Officer, Jason Whitaker, has informed the Board of Directors that he intends to step down from his role as Chief Executive Officer for health reasons in early 2023.”

Shoals Technologies Group, Inc. reported the three months ended September 30, 2022 results: revenue $90.8 million, net income $12.8 million, EPS $0.07. Guidance raised.

“Shoals Technologies Group, Inc. Reports Financial Results for Third Quarter 2022 – Reports Record Quarterly Revenue, Gross Profit, Adjusted EBITDA and Adjusted Net Income – – Revenue Grew 52% Year-Over-Year to $90.8 million in the Third Quarter”

Dominic Bardos was appointed as Chief Financial Officer at Shoals Technologies Group, Inc..

“Shoals Technologies Group, Inc. (the “Company”) has appointed Dominic Bardos as Chief Financial Officer of the Company, effective October 3, 2022.”

Robert Julian was appointed as Class III director at Shoals Technologies Group, Inc..

“and (ii) Robert Julian as a Class III director”

Jeannette Mills was appointed as Class II director at Shoals Technologies Group, Inc..

“On August 15, 2022, the Board appointed, effective August 15, 2022, (i) Jeannette Mills as a Class II director”

Peter Jonna resigned as Director at Shoals Technologies Group, Inc..

“On August 12, 2022, Peter Jonna resigned from the board of directors (the “Board”) of Shoals Technologies Group, Inc. (the “Company”), effective as of August 15, 2022.”

Kevin Hubbard was appointed as interim Chief Financial Officer at Shoals Technologies Group, Inc..

“Kevin Hubbard, the Company’s outside financial reporting consultant, will serve as interim Chief Financial Officer effective immediately following Dr. Garton’s departure.”

Philip Garton resigned as Chief Financial Officer at Shoals Technologies Group, Inc..

“On April 4, 2022, Dr. Philip Garton, the Chief Financial Officer of Shoals Technologies Group, Inc. (the “Company”) informed the Company that he intends to resign on May 4, 2022.”

Dean Solon resigned as Director at Shoals Technologies Group, Inc..

“On February 21, 2022, Dean Solon resigned from the board of directors (the “Board”) of Shoals Technologies Group, Inc. (the “Company”), effective as of such date.”

Frank Cannova resigned as director at Shoals Technologies Group, Inc..

“On July 19, 2021, Mr. Jason Lee and Mr. Frank Cannova resigned from the board of directors (the “ Board ”) of Shoals Technologies Group, Inc. (the “ Company ”), effective as of such date.”