Bloom Energy Corp 8-K, filed Jun 20, 2023
Bloom Energy Corp (BE)
About this 8-K
Bloom Energy Corp filed this 8-K on June 20, 2023, reporting on events of June 19, 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
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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. |
Effective June 19, 2023, the Board of Directors (the “Board”) of Bloom Energy Corporation (“Bloom Energy” or the “Company”) increased the authorized number of directors constituting the Board from six to seven directors and appointed a new director to serve on the Board.
Cynthia J. Warner was appointed to serve as a Class III director of Bloom Energy to hold office until the 2024 annual meeting of stockholders and until her successor shall have been duly elected and qualified. Ms. Warner was also appointed to serve as a member of the Company’s Audit Committee and as a member of the Company’s Nominating, Governance and Public Policy Committee. Ms. Warner was the President and Chief Executive Officer of Renewable Energy Group, Inc. until it was acquired by Chevron Corporation in June 2022. Ms. Warner currently serves on the board of directors of Chevron and on the board of directors and as lead independent director of Sempra.
There are no arrangements or understandings between Ms. Warner and any other persons pursuant to which she was selected as a director, and she does not have any family relationships with any of the Company’s directors or executive officers. Ms. Warner does not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Ms. Warner will receive the standard compensation for a non-employee director of Bloom Energy as described in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission (the “SEC”) on April 4, 2023. Bloom Energy also intends to enter into its standard form of indemnification agreement with Ms. Warner. A copy of the form of Indemnification Agreement was filed with the SEC as Exhibit 10.1 to our Quarterly Report on Form 10-Q for the quarter ended June 30, 2018 on September 7, 2018.
| Item 7.01 | Regulation FD Disclosure. |
Bloom Energy’s press release issued June 20, 2023, announcing the appointment of Ms. Warner, is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Item 7.01 and in the accompanying Exhibit 99.1 is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 | Press Release of Bloom Energy Corporation, dated June 20, 2023 | |
| 104 | Cover page interactive data file (embedded within the inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| BLOOM ENERGY CORPORATION | ||||||
| Date: June 20, 2023 | By: | /s/ Shawn M. Soderberg | ||||
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Shawn M. Soderberg | |||||
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EVP, General Counsel and Secretary | |||||
Exhibit 99.1
CJ Warner, Former Renewable Energy Group President and CEO, Joins Bloom Board of Directors
Warner brings over 40 years experience in the global energy industry
SAN JOSE, Calif.—June 20, 2023—Bloom Energy (NYSE: BE) has appointed Cynthia “CJ” Warner to its Board of Directors. Warner was the President and CEO of Renewable Energy Group, a leading international producer of low carbon, bio-based diesel, from 2019 through 2022, growing the company’s market value approximately three-fold prior to its acquisition by Chevron.
Warner is a seasoned executive with experience in both traditional and renewable fuels. For more than 40 years, she has been driving growth and improvements to deliver energy ever more safely, reliably, and sustainably. Warner has held executive positions in operations, technology development, strategy, business development, and environment, health and safety. She has led operations globally for large refiners, including Andeavor and BP, as well as scale-up and development efforts in novel renewable energy technologies.
“My fellow Board members, the leadership team and I are thrilled to welcome CJ to our Board,” said KR Sridhar, Founder, Chairman and CEO of Bloom Energy. “She brings deep domain knowledge from her four decades of global experience at some of the biggest oil and gas companies. That experience coupled with her entrepreneurial successes, deep technical understanding of renewable fuels and energy transition position her to offer unique insights and perspectives to Bloom Energy and guide us in our journey to become the leader for decarbonized energy solutions.”
“Bloom Energy is one of the leading product innovators in the transition to clean energy and has just entered the net-zero fuels market with its record breaking electrolyzer product using the same technology with which it revolutionized the on-site, base-load electricity market,” says Warner. “At a time when the electricity and molecules market are converging and creating new opportunities, I am delighted to be joining the Board and look forward to working with them and KR to keep Bloom at the forefront of renewable fuels, hydrogen, and clean power.”
Warner currently serves on the Board of Directors for Chevron and is Lead Independent Director for Sempra Energy. She is also a member of the Columbia University Advisory Board for the Center for Global Energy Policy (CGEP), the National Petroleum Council, and the Vanderbilt University School of Engineering Academy of Distinguished Alumni.
Warner earned a Bachelor of Engineering degree in Chemical Engineering from Vanderbilt University and a Master of Business Administration degree from Illinois Institute of Technology. She currently resides in Iowa with her husband, where they are developing a portion of their property into a pollinator reserve.
About Bloom Energy
Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.
Bloom Energy Media Relations:
press@bloomenergy.com
Bloom Energy Investor Relations:
Ed Vallejo
267.370.9717
Edward.Vallejo@bloomenergy.com