UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 31, 2024
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ENPHASE ENERGY, INC.
(Exact name of registrant as specified in its charter)
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| | | | | | | | | | | | | | |
| Delaware | | 001-35480 | | 20-4645388 |
| (State or other jurisdiction of Incorporation) | | (Commission File No.) | | (IRS Employer Identification No.) |
47281 Bayside Parkway
Fremont, CA 94538
(Address of principal executive offices, including zip code)
(707) 774-7000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act: | | | | | | | | | | | | | | |
| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
| Common Stock, $0.00001 par value per share | | ENPH | | Nasdaq Global Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 31, 2024, David Ranhoff, Executive Vice President and Chief Commercial Officer of Enphase Energy, Inc. (the “Company”), notified the Company of his intention to step down from his position at the Company, effective as of June 30, 2024. Mr. Ranhoff will transition from his current position to a part-time role as Commercial Advisor, effective July 1, 2024. As Commercial Advisor, Mr. Ranhoff will continue to report to Badri Kothandaraman, the Company’s President and Chief Executive Officer, and help facilitate the transition of his responsibilities as well as support strategic commercial initiatives. Consistent with the Company’s succession plan, Mr. Ranhoff’s current role will be fulfilled by two senior vice presidents who will continue to report directly to Mr. Kothandaraman.
Mr. Ranhoff is stepping down for personal reasons and there are no disagreements between Mr. Ranhoff and the Company on any matters relating to the Company’s operations, policies or practices.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| By: | April 4, 2024 | ENPHASE ENERGY, INC. |
| | By: | /s/ Mandy Yang |
| | | Mandy Yang |
| | | Chief Financial Officer |
