As previously disclosed, on November 15, 2016, a Nasdaq Hearings Panel (the “Panel”) granted a request from TerraForm Global, Inc. (the “Company”) for an extension until March 27, 2017 in order to regain compliance with Nasdaq’s continued listing requirements with respect to its delayed Form 10-K for 2015 and its delayed Forms 10-Q for 2016.

Nasdaq Listing Rule 5620(a) (the “Annual Meeting Rule”) requires the Company to hold an annual meeting of shareholders within twelve months of the end of the Company’s fiscal year. Because the Company did not hold an annual meeting during 2016, the Company is not in compliance with the Annual Meeting Rule. On January 4, 2017, the Company received a notification letter from a Senior Director of Nasdaq Listing Qualifications (the “Notification Letter”), which stated that the Company’s failure to hold its annual meeting by December 31, 2016 serves as an additional basis for delisting the Company’s securities and that the Panel will consider this matter in their decision regarding the Company’s continued listing on The Nasdaq Global Select Market. The Notification Letter also stated that the Company should present its views with respect to this additional deficiency to the Panel in writing by January 11, 2017. The Company intends to submit a response to the Panel on or prior to that date.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) Designation of Mr. David J. Mack to the Board

On January 4, 2017, SunEdison Holdings Corporation, a wholly-owned subsidiary of SunEdison, Inc., exercised its right to designate Mr. David J. Mack to the Board of Directors (the “Board”) of the Company effective immediately. Certain biographical and other information with respect to Mr. Mack is set forth below.

In connection with his designation to the Board, Mr. Mack received restricted stock units representing 37,500 shares of the Company’s class A common stock (the “RSUs”). The RSUs, which were granted to the Company’s 2014 Long-Term Incentive Plan, dated as of September 28, 2014 (the “Long-Term Incentive Plan”), are subject to the terms and conditions set forth in the Restricted Stock Unit Award Agreement (the “RSU Award Agreement”) entered into between the Company and Mr. Mack. to the RSU Award Agreement, the RSUs will vest in full on the earliest of (i) May 25, 2017, (ii) the date Mr. Mack resigns with the consent of the Board, (iii) the date Mr. Mack is removed from the Board without cause, or (iv) the date of a Change in Control (as defined in the Long-Term Incentive Plan). Mr. Mack will also earn annual fees for his service as a director and a member of any committee of the Board on which he may serve. Such annual fee for service as a director will not be prorated for service in 2016. No Board committee appointment or related fee arrangement for serving as a Board committee member has yet been determined for Mr. Mack.

Biography of Mr. Mack

David J. Mack is a restructuring lawyer and investor with over 20 years experience. Most recently he was a Managing Director at Perry Capital LLC, a New York City based investment firm, where he had been since 2009 working on restructurings and complex litigations. Perry Capital LLC is not a parent, subsidiary or affiliate of TerraForm Global, Inc. Prior to Perry, Mr. Mack was a counsel in the bankruptcy and restructuring group at Simpson Thacher & Bartlett LLP where he worked on many complex restructurings including numerous in the power industry. Mr. Mack has also worked at Linklaters LLP in

London and Mallesons Stephen Jaques in Sydney. He is a member of the New York Bar and is also admitted in NSW, Australia and England.

About TerraForm Global, Inc. (NASDAQ:GLBL)

TerraForm Global, Inc. is a renewable energy company. The Company owns and operates clean energy power plants. The Company’s segments include Solar, Wind and Corporate. The Company serves a range of utility, commercial, industrial, residential and government customers through energy production with over 40 projects across approximately 70 sites in various markets. The Company’s projects include Brakes, ESP Urja, Boshof, Silverstar Pavilion, NSM Sitara, Dunhuang, Salvador, Hanumanhatti, Focal, Alto Cielo, Witkop and others. The Company’s over 917 megawatts (MW) portfolio enables around the clock energy production. The Company’s solar and wind projects are located across various regions, including Brazil, India, South Africa, China, Thailand, Malaysia and Uruguay. The Company is a subsidiary of SunEdison, Inc. The Company’s subsidiaries include TerraForm Global, LLC and TerraForm Global Operating, LLC.

TerraForm Global, Inc. (NASDAQ:GLBL) Recent Trading Information

TerraForm Global, Inc. (NASDAQ:GLBL) closed its last trading session 00.00 at 4.00 with 313,947 shares trading hands.