8point3 Energy Partners LP (NASDAQ:CAFD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Removal of Director

On March 17, 2017, 8point3 Holding Company, LLC (“Holdings”), the sole member of 8point3 General Partner, LLC (the “General Partner”), which is the general partner of 8point3 Energy Partners LP (the “Partnership”), removed Ty P. Daul from the Board of Directors of the General Partner (the “Board”) effective March 17, 2017. Holdings removed Mr. Daul from the Board to the exercise by SunPower Corporation (“SunPower”) of its right to request the removal of any director that SunPower had designated to serve on the Board. There were no disagreements between Mr. Daul and the General Partner or any officer or director of the General Partner which led to Mr. Daul’s removal from the Board.

Appointment of Director

On March 17, 2017, Holdings appointed Natalie Jackson as a member of the Board effective March 17, 2017. Ms. Jackson also became a member of the Project Operations Committee of the Board effective March 17, 2017.

Ms. Jackson will be fully indemnified by the Partnership for actions associated with being a director to the fullest extent permitted under Delaware law to the Amended and Restated Agreement of Limited Partnership of the Partnership (the “Partnership Agreement”) and Ms. Jackson’s existing indemnification agreement with the Partnership and the General Partner. Ms. Jackson was not appointed to any arrangement or understanding with any other person, and there are no transactions with Ms. Jackson that would be reportable under Item 404(a) of Regulation S-K.

About 8point3 Energy Partners LP (NASDAQ:CAFD)

8Point3 Energy Partners LP owns, operates and acquires solar energy generation projects. As of July 31, 2016, the Company owned a 28.2% limited liability company interest in 8point3 Operating Company, LLC (OpCo). As of July 31, 2016, the Company’s portfolio consisted of interests in 530 megawatts (MW) of solar energy projects. As of July 31, 2016, the Company owned interests in eight utility-scale solar energy projects, all of which are operational. As of July 31, 2016, its assets represented 88% of the generating capacity of its portfolio. As of July 31, 2016, the Company owned interests in four commercial and industrial (C&I) solar energy projects, two of which were operational and two of which were in late-stage construction, and a portfolio of residential distributed solar generation (DG Solar) assets, which represent 12% of the generating capacity of the Company’s portfolio. Its portfolio is located entirely in the United States and consists of utility-scale and C&I assets.

8point3 Energy Partners LP (NASDAQ:CAFD) Recent Trading Information

8point3 Energy Partners LP (NASDAQ:CAFD) closed its last trading session down -0.20 at 12.50 with 303,499 shares trading hands.