REAL GOODS SOLAR, INC. (NASDAQ:RGSE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
-
0
REAL GOODS SOLAR, INC. (NASDAQ:RGSE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

REAL GOODS SOLAR, INC. (NASDAQ:RGSE) 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 September 3, 2019, the compensation committee (the “Committee”) of Real Goods Solar, Inc.’s (the “Company”) board of directors granted 60,000 shares of restricted Class A common stock (“Restricted Shares”) to Dennis Lacey, the Company’s Chief Executive Officer and Secretary, and 23,000 Restricted Shares to Alan Fine, the Company’s Chief Financial Officer, Principal Accounting Officer, Chief Administrative Officer and Treasurer under the Company’s 2018 Long Term Incentive Plan and in accordance with substantially identical Restricted Stock Agreements in the form previously approved by the Committee, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K (the “Restricted Stock Agreement Form”).

The Restricted Shares vest fully (100%) on the first anniversary of the date of grant, provided the grantee has continued to render Services (as defined in the Restricted Stock Agreement Form) through the applicable vesting date.

The Restricted Stock Agreement Form includes the following terms and conditions:

·All of the unvested shares will vest immediately prior to the consummation of a Change in Control (as defined in the Restricted Stock Agreement Form), provided that the grantee has continued to render Services on the date the change in control is consummated;

·Vesting ceases on the date the grantee ceases to be an employee; and

·Customary non-disparagement, confidentiality, non-solicitation and non-compete covenants.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description
10.1 Form of Real Goods Solar, Inc. Restricted Stock Agreement


Real Goods Solar, Inc. Exhibit
EX-10.1 2 tv528903_ex10-1.htm EXHIBIT 10.1   Exhibit 10.1   Real Goods Solar,…
To view the full exhibit click here