UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________________________________________
FORM 10-K/A
(Amendment No. 1)
____________________________________________________________________________
(Mark One)
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| ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the Fiscal Year ended December 31, 2019
OR
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| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to
Commission File Number: 001-36542
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TerraForm Power, Inc.
(Exact name of registrant as specified in its charter)
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| Delaware | | | | | 46-4780940 |
| (State or other jurisdiction of incorporation or organization) | | | | | (I. R. S. Employer Identification No.) |
| 200 Liberty Street, | 14th Floor | New York | New York | | 10281 |
| (Address of principal executive offices) | | | | | (Zip Code) |
646-992-2400
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | | Trading Symbol | | Name of exchange on which registered |
| Common Stock, Class A, par value $0.01 | | TERP | | Nasdaq Global Select Market |
Securities registered pursuant to Section 12(g) of the Act: None
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Indicate by check mark if the registrant is a well-known seasoned issuer, as defined by Rule 405 of the Securities Act. Yes ☒ No ☐
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
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| Large accelerated filer | | ☒ | | Accelerated filer | | ☐ |
| Non-accelerated filer | | ☐ | | Smaller reporting company | | ☐ |
| 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. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
As of June 30, 2019, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market value of the voting and non-voting common equity of the registrant, held by non-affiliates of the registrant (based upon the closing sale price of shares of Class A Common Stock of the registrant on the Nasdaq on such date), was approximately $1.1 billion.
As of February 28, 2020, there were 226,521,289 shares of Class A Common Stock outstanding.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the registrant’s definitive proxy statement relating to its 2020 annual meeting of stockholders (the “2020 Proxy Statement”) are incorporated by reference into Part III of this Form 10-K where indicated. The 2020 Proxy Statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
EXPLANATORY NOTE
TerraForm Power, Inc. (the “Company”) is filing this Amendment No. 1 on Form 10-K/A (this “Amendment No. 1”) to its Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission (the “SEC”) on March 17, 2020 (the “Form 10-K”) solely to (i) replace Exhibit 23.2, the consent of independent registered public accounting firm, KPMG LLP, and (ii) attach the consent of independent registered public accounting firm, Deloitte S.L., as Exhibit 23.4 hereto. The new Exhibit 23.2 corrects a clerical error in the previously filed Exhibit 23.2, in which reference to one of the Company’s registration statements was inadvertently omitted from the original consent. The new Exhibit 23.4 is an exhibit that was inadvertently excluded from those filed with the Form 10-K. In connection with the filing of this Amendment No. 1 and pursuant to the rules of the SEC, certain new certifications by our chief executive officer and chief financial officer are also attached to this Amendment No. 1. Accordingly, Part IV, Item 15 of the Form 10-K is being amended to reflect the filing of Exhibit 23.2, Exhibit 23.4 and the new certifications. Other than with respect to the foregoing, this Amendment No. 1 does not modify or supplement in any way the information set forth in the Form 10-K.
PART IV
Item 15. Exhibits, Financial Statement Schedules.
(a)(3) Exhibits.
EXHIBIT INDEX
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Exhibit
Number | | Description |
| 23.2 | | | |
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| 23.4 | | | |
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| 31.1 | | | |
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| 31.2 | | | |
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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| | | | TERRAFORM POWER, INC. | | |
| | | | (Registrant) | | |
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| Date: | March 25, 2020 | | | By: | /s/ JOHN STINEBAUGH | |
| | | | | John Stinebaugh | |
| | | | | Chief Executive Officer | |
