Array Technologies, Inc 8-K, filed Jan 30, 2023
Array Technologies, Inc. (ARRY)
About this 8-K
Array Technologies, Inc filed this 8-K on January 30, 2023, reporting on events of January 26, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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. |
On January 26, 2023, Neil Manning, age 52, was appointed to the position of Chief Operations Officer of Array Technologies, Inc. (the “Company”) by the Company’s Board of Directors, with effect from January 30, 2023. Mr. Manning joins Array from Rotork plc where he served as Managing Director of Oil & Gas from November 2020 and Group Director of Rotork’s Site Services Business from November 2018. From March 2018 to November 2018, Mr. Manning was Senior Vice President at Velocitel, a wireless infrastructure services company where he led site development services. Prior to this, Neil led field services company SiteSafe through a multi-year turnaround. Earlier in his career, Mr. Manning headed Business Development and Operations teams at optical glass manufacturer Corning and telecommunications company Sprint Nextel. Mr. Manning holds a bachelor’s degree in Mechanical Engineering from Rensselaer Polytechnic Institute and a master’s degree in business administration from Virginia Tech.
In connection with his appointment, Mr. Manning also entered into an indemnification agreement with the Company in the form previously used with the Company’s executive officers. Mr. Manning does not have any family relationships with any director, executive officer, or any person nominated to become a director or executive officer of the Company and there are no arrangements or understandings between Mr. Manning and any other person pursuant to which Mr. Manning was appointed as Chief Operations Officer of the Company. There are no transactions in which Mr. Manning had or will have an interest that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
| Item 7.01 | Regulation FD Disclosures. |
On January 30, 2023, the Company issued a press release announcing the appointment of Mr. Manning as the Company’s Chief Operations Officer. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
The information included in Item 7.01 of this Current Report on Form 8-K and the exhibit attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act, or the Exchange Act, regardless of any general incorporation language in any such filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit# |
Description | |
| 99.1 | Press Release of Array Technologies, Inc., dated January 30, 2023. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
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 hereunto duly authorized.
| Array Technologies, Inc. | ||
| By: | /s/ Tyson Hottinger | |
| Name: | Tyson Hottinger | |
| Title: | Chief Legal Officer and General Counsel | |
Date: January 30, 2023
Exhibit 99.1
Array Technologies Names Neil Manning as Chief Operations Officer
Manning joins Array with over 30 years of operations and commercial experience
Albuquerque, NM – January 30, 2023 – Array Technologies (NASDAQ: ARRY) (“Array” or the “Company”), a leading provider of tracker solutions and services for utility-scale solar energy projects, today announced that Neil Manning has been named Chief Operations Officer.
Mr. Manning is a global business leader with over three decades of operations and commercial experience in driving growth via transformative change across several engineered product and service companies. He joins Array from Rotork where he was responsible for the company’s Oil & Gas, and Site Services divisions. There, Mr. Manning drove operational and commercial excellence improvements including the formulation of the company’s Aftermarket program and the launch of Rotork’s Environmental, Social and Governance (ESG) focused strategy to support the energy sector.
“I am excited to have Neil join the Array team as Chief Operations Officer,” said Kevin Hostetler, Chief Executive Officer of Array. “Neil and I worked together previously at Rotork, and I have first-hand knowledge of his leadership and his ability to transform companies into industry leaders. I am confident that he will make an immediate impact at Array as we look to further enhance our integrated supply chain focused on customers, growth, and operational excellence.”
Prior to joining Rotork in 2018, Mr. Manning was previously at Velocitel, a wireless infrastructure engineering and construction services company where he led site development service offerings to wireless carriers, tower companies and emerging network providers. Prior to this, Mr. Manning led field services company SiteSafe through a multi-year turnaround by driving robust process transformation and the introduction of new technologies to enhance production. Earlier in his career, he headed Business Development, Operations and Solutions Engineering teams at optical fiber manufacturer Corning, telecommunications company Sprint Nextel and CB&I, a global EPC. Mr. Manning has an MBA from Virginia Tech and holds a Bachelor of Science in Mechanical Engineering from Rensselaer Polytechnic Institute.
About Array Technologies, Inc.
Array Technologies (NASDAQ: ARRY) is a leading American company and global provider of utility-scale solar tracker technology. Engineered to withstand the harshest conditions on the planet, Array’s high-quality solar trackers and sophisticated software maximize energy production, accelerating the adoption of cost-effective and sustainable energy. Founded and headquartered in the United States, Array relies on its diversified global supply chain and customer-centric approach to deliver, commission and support solar energy developments around the world, lighting the way to a brighter, smarter future for clean energy. For more news and information on Array, please visit arraytechinc.com.
Forward-Looking Statements
This press release contains forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations and projections regarding its business, operations and other factors related thereto. Words such as “may,” “will,” “could,” “would,” “should,” anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors.
Investor Relations Contact:
Array Technologies, Inc.
Investor Relations
505-437-0010
investors@arraytechinc.com