2017 Executive Bonus Targets
At a meeting held on March 6, 2017, the Compensation Committee (the “Committee”) of the Board of Directors of EnerNOC, Inc. (the “Company”) approved the Company’s 2017 executive bonus targets. The 2017 annual cash bonus amount (the “Bonus Amount”) for each “named executive officer” (as such term is used in Instruction 4 to Item 5.02 of Form 8-K) (collectively, the “Named Executives”), will be determined based upon the achievement of certain pre-determined revenue and adjusted EBITDA targets applicable to fiscal 2017 (collectively, the “Targets”), which have been set by the Committee. The Bonus Amount for each Named Executive will be payable in cash subsequent to the certification of the achievement of the Targets by the Committee, such certification to be finalized between February 1st and March 15th of 2018, except for the Company’s Chief Executive Officer and Chairman who will receive his Bonus Amount in shares of common stock of the Company, par value $0.001 per share, following the certification described above to the terms of his employment agreement.
About EnerNOC, Inc. (NASDAQ:ENOC) EnerNOC, Inc. is a provider of energy intelligence software (EIS) and demand response solutions. The Company’s EIS provides enterprise solutions, utility solutions and energy procurement solutions. The Company’s EIS offers enterprise customers with a Software-as-a-Service (SaaS) solutions with various areas of functionalities, including energy cost visualization, budgets, forecasts and accruals; project tracking, and demand management. Its EIS provides its utility customers with a SaaS-based customer engagement platform, which collects and processes data and enables its utility customers to provide personalized communication and recommendations to their customers. Its EIS includes an energy procurement platform that helps its enterprise and utility customers. Its procurement platform offers its enterprise and utility customers with features, such as energy contracts management. Its technology includes over two components: its EIS platform and Network Operations Center (NOC).
EnerNOC, Inc. (NASDAQ:ENOC) Recent Trading Information EnerNOC, Inc. (NASDAQ:ENOC) closed its last trading session 00.00 at 5.30 with 103,733 shares trading hands.
