Sunrun Inc. (NASDAQ:RUN) 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

Resignation of Director

On March 13, 2017, Jameson McJunkin notified Sunrun Inc. (the “Company”) of his resignation from the Company’s board of directors, effective March 15, 2017. Mr. McJunkin’s decision to resign was not due to any disagreement with the Company on any matters relating to the Company’s operations, policies or practices.  Mr. McJunkin served on the audit and nominating and corporate governance committees of the Company’s board of directors.  Effective March 15, 2017, the Company’s board of directors appointed current director Katherine August-deWilde to the audit committee and current director Leslie Dach as Chairman of the nominating and corporate governance committee.

Appointment of President

In addition, on March 15, 2017, Paul Winnowski, age 45, assumed the title of President and Chief Operating Officer of the Company.  Mr. Winnowski has served as the Company’s Chief Operating Officer since February 2014, when he joined the Company in connection with its acquisition of Mainstream Energy Corporation (“MEC”). Mr. Winnowski previously served as Chief Executive Officer of MEC from December 2012 to January 2014, and prior to that as President, Fire and Security, Europe and South Africa at United Technologies Corporation, a provider of security and fire detection solutions, from March 2008 to March 2012.

About Sunrun Inc. (NASDAQ:RUN)

Sunrun Inc. (Sunrun) is engaged in the design, development, installation, sale, ownership and maintenance of residential solar energy systems (Projects) in the United States. The Company is engaged in providing solar energy services and products to its customers. Sunrun has over 111,000 customers across 15 states, as well as the District of Columbia. Sunrun sells directly to consumers over the phone, Web and retail stores, as well as through a network of certified partners. It offers various plans and services, such as Pay as you go and Purchase your system. Its Pay as you go offers plans, such as BrightSave Monthly and BrightSave Prepaid. Sunrun’s BrightSave Monthly plan comes with both product and workmanship warranty, as well as protection against future utility rate hikes. Users can lock in over 20 years of electricity with Sunrun’s BrightSave Prepaid solar lease plan. With Sunrun’s BrightBuy, users can purchase the entire solar system.

Sunrun Inc. (NASDAQ:RUN) Recent Trading Information

Sunrun Inc. (NASDAQ:RUN) closed its last trading session down -0.15 at 4.95 with 1,597,018 shares trading hands.