GENIE ENERGY LTD. (NYSE:GNE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 9.01 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) As previously disclosed on Form 8-K filed on November 2, 2017 with the Securities and Exchange Commission (the “Original 8-K”), the Compensation Committee of the Board of Directors and the Board of Directors of Genie Energy Ltd. (the “Company” or the “Registrant”) approved an amended compensation arrangement between the Registrant and Avi Goldin.The Original 8-K outlined the modified terms of employment between the Registrant and Avi Goldin, which were to be contained in an amended employment agreement.On December 28, 2017, with effect as of January 1, 2018, the Registrant entered into a Second Amended and Restated Employment Agreement (the “Employment Agreement”) with Mr. Goldin, formalizing the arrangement outlined in the Original 8-K.
A copy of the Employment Agreement is filed as Exhibit 10.01 to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Genie Energy Ltd. ExhibitEX-10.01 2 f8k122817a1ex10-01_genie.htm SECOND AMENDED AND RESTATED EMPLOYMENT AGREEMENT,…To view the full exhibit click here
About GENIE ENERGY LTD. (NYSE:GNE)
Genie Energy Ltd. (Genie) owns interest in its subsidiary, Genie Energy International Corporation, which owns Genie Retail Energy and Genie Oil and Gas, Inc. The Company operates through three segments: Genie Retail Energy (GRE), Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas (GOGAS). The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc. and Residents Energy, Inc., and energy brokerage and marketing services. Its REP businesses resell electricity and natural gas to residential and small business customers. The Afek segment operates an oil and gas exploration project. The GOGAS segment is an oil and gas exploration company. The GOGAS segment consists of early-stage oil shale projects, including its interest in Genie Mongolia, Inc., an oil shale exploration project; American Shale Oil Corporation, which holds and manages an interest in AMSO, LLC, an oil shale development project, and Israel Energy Initiatives, Ltd., an oil shale development project.