Ameresco, Inc. (NYSE:AMRC) 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.
On December 18, 2018, Ameresco, Inc. (the “Company”) entered into an agreement with John R. Granara, III, the Company’s former Executive Vice President, Chief Financial Officer, Treasurer and Chief Accounting Officer, in connection with his resignation and departure on October1, 2018, as previously reported in the Form 8-K filed by the Company on October 3, 2018.
The agreement between the Company and Mr. Granara provides that:
|
The Company will pay Mr. Granara a lump sum of $55,000, less applicable taxes and withholdings, to act as a non-employee advisor to the Company during the period from October1, 2018 to December 31, 2018 (the “Transition Period”) to assist with transition matters, payable at the conclusion of the Transition Period; |
|
At the conclusion of the Transition Period, the Company will pay Mr. Granara a lump sum of $217,522, less all applicable taxes and withholdings; and |
|
The existing Confidential Information, Invention, Non-Solicitation and Non-Competition Agreements as agreed to and executed by Mr. Granara at the inception of his employment and in connection with the grant of Options (collectively, the “Confidentiality Agreement”) will apply through the end of the Transition Period and that (a) the non-competition obligations shall end at the end of the Transition Period and (b) the non-solicitation obligations shall continue until the end of the day two years following the Transition Period. |
The foregoing summary of the agreement is qualified in its entirety by reference to the full text of the agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form8-Kand incorporated herein by reference.
|
Item 5.02. |
Financial Statements and Exhibits. |
(d)Exhibits
The exhibit listed on the Exhibit Index immediately preceding such exhibits is filed as part of this Current Report on Form8-K.
Ameresco, Inc. Exhibit
EX-10 2 ex101granaraagreement.htm EXHIBIT 10 Exhibit [Ameresco Letterhead]VIA OVERNIGHT DELIVERYDecember 17,…
To view the full exhibit click here
About Ameresco, Inc. (NYSE:AMRC)
Ameresco, Inc. is a provider of energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations. The Company’s principal service is the development, design, engineering and installation of projects. Its U.S. Regions, U.S. Federal and Canada segments offer energy efficiency products and services, which include the design, engineering and installation of equipment and other measures; renewable energy solutions and services, and operations and maintenance (O&M) services. The Company’s Small-Scale Infrastructure segment sells electricity, processed landfill gas (LFG), heat or cooling, produced from renewable sources of energy and generated by small-scale plants that it owns. The Company’s Small-Scale Infrastructure segment also includes certain small-scale plants developed for customers. The All Other segment offers enterprise energy management services, consulting services and integrated-photovoltaic (PV).
