Orion Energy Systems Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Financial Statements and Exhibits
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Item 2.02 . Results of Operations and Financial Condition.
On February 11, 2025, Orion Energy Systems, Inc. (the “Company”) issued a press release announcing its quarterly financial results for its fiscal 2025 year ended December 31, 2024. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 5.02 . Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 11, 2024, in the context of cost savings measures, Orion Energy Systems, Inc. (the "Company") announced that its named executive officers identified in the Company's proxy statement filed with the Securities and Exchange Commission on June 28, 2024 agreed to voluntarily reduce their base salaries by ten percent (10%). Simultaneously with the NEO's salary reductions, the members of the Company's board of directors (the "Board") voluntarily reduced their retainers by ten percent (10%). These salary and retainer reductions are temporary and effective through at least March 31, 2025 and until such time that the business performance improves, as determined by the Board.
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Item 9.01(d) . Financial Statements and Exhibits.
Exhibit 99.1 |
Exhibit 99.1 Press Release of Orion Energy Systems, Inc. dated February 11, 2024 |
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Exhibit 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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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 hereunto duly authorized.
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ORION ENERGY SYSTEMS, INC. |
Date: February 11, 2025 |
By: /s/ J. Per Brodin |
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J. Per Brodin |
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Chief Financial Officer |
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