Vivint Solar, Inc. (NYSE:VSLR) 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 January 19, 2017, the Board of Directors (the “Board”) of Vivint Solar, Inc. (the “Company”) appointed David Bywater to serve as a Class III member of the Board, effective immediately. Mr. Bywater is the Company’s Chief Executive Officer. As a Class III member of the Board, Mr. Bywater’s appointment will expire at the Company’s annual meeting of stockholders to be held in 2017. Mr. Bywater will not receive any additional compensation in connection with his appointment to the Board. Biographical information and information regarding Mr. Bywater’s existing compensation arrangements are contained in the Company’s Current Report on Form 8-K that was filed with the Securities and Exchange Commission on December 19, 2016, which is incorporated herein by reference.

About Vivint Solar, Inc. (NYSE:VSLR)

Vivint Solar, Inc. primarily offers distributed solar energy, which is electricity generated by a solar energy system installed at or near customers’ locations to residential customers based on over 20-year contracts. The Company operates through two operating segments: Residential, and commercial and industrial market (C&I). Through its investment funds, the Company owns an interest in the solar energy systems the Company installs, and ownership of the solar energy systems allows it and the other fund investors to benefit from various local, state and federal incentives. The Company has a process that enables it to design and install a custom solar energy system that delivers customer savings. The Company is a licensed contractor in the markets the Company serves and is responsible for each customer installation. Upon completion, the Company schedules the required inspections and arranges for interconnection to the power grid.

Vivint Solar, Inc. (NYSE:VSLR) Recent Trading Information

Vivint Solar, Inc. (NYSE:VSLR) closed its last trading session 00.00 at 3.05 with 180,808 shares trading hands.