Pineapple Energy Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Effective August 28, 2024, Andrew Childs was appointed as Chief Financial Officer (“CFO”) of Pineapple Energy Inc., (the “Company”).
Andrew Childs, age 45, has extensive financial executive experience at both private and public institutions. Prior to joining the Company, from 2022 to present, Mr. Childs served as CFO of Conduit Capital Partners providing strategic input into EPC public companies alongside dealing with climate and sustainable institutional equity and debt funds. From 2016 - 2020, Mr. Childs served as CFO to The Conduit, a Delaware company, and prior to this as SVP of North America for Soho House overseeing gross revenues of $350 million, having spent several years in this position from 2012-2015. Prior to 2019, Mr. Childs held key financial positions as CFO of Cinema Lab, a sustainable platform that regenerates high street real estate, including having spent ten years in C-Suite level positions in various financial and operational capacities. Mr. Childs holds a bachelor’s degree in business economics from the University of Portsmouth.
Mr. Childs will receive an annual base salary of $250,000 (“Base Salary”), subject to annual adjustments as determined by the Board of Directors (“Board”). Mr. Childs will also be eligible for an annual bonus of up to 40% of his Base Salary as determined at the sole discretion of the Board in consultation with the Compensation Committee. In addition, Mr. Childs is eligible to participate in the Company’s standard benefit plans and programs.
As noted above in Mr. Childs biography, Mr. Childs previously held the position of CFO of Conduit Capital, which is a debtholder in our Company. Mr. Childs no longer holds a position with Conduit Capital and is not a member of our board of directors and, therefore, will not have any voting power of or control of either entity. If, and to the extent, any future transactions require related party transaction disclosures under applicable rules, then we will provide all such required disclosures related thereto, as well as in our future quarterly and annual reports.
A copy of Mr. Childs offer letter effective August 28, 2024, is annexed hereto as Exhibit 10.1.
| Item 9.01. | Financial Statements and Exhibits. |
| Exhibit No. | Description | |
| 10.1 | Offer Letter dated August 28, 2024, between Pineapple Energy Inc. and Andrew Childs | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATUREs
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| PINEAPPLE ENERGY INC. | ||
| By: | /s/ James Brennan | |
|
James Brennan Chief Operating Officer | ||
| Date: September 4, 2024 | ||