ENPH 8-K On April 25, 2019, Jeff McNeil, age 57, was appointed by the board of directors to serve as the Vice President and Chief Operating Officer of Enphase Energy, Inc. (Enphase or the Company). In this role, Mr. McNeil is the Company’s principal operating officer and continues to report to Enphase’s President and Chief Executive Officer. Mr. McNeil first joined Enphase as Vice President of Quality and Customer Support in January 2018. Prior to that, Mr. McNeil served as the Senior Vice President of Operations and Regulatory at Energous Corporation, a developer of wireless charging technology, from December 2015 to January 2018. From 1994 through December 2015, Mr. McNeil held various positions at Cypress Semiconductor Corporation in its manufacturing and operations organization. There, he was most recently the Senior Vice President of Operations, where he led the global supply chain, logistics, and back end manufacturing organizations. Mr. McNeil holds a bachelor’s degree in chemical engineering from San Jose State University.
There are no family relationships between Mr. McNeil and any director, executive officer, or any person nominated or chosen by the Company to become a director or executive officer. There are no transactions in which Mr. McNeil has an interest requiring disclosure on the part of the Company under Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended.
Mr. McNeil’s current annual base salary is $316,260.00 and he is eligible for an additional annual bonus opportunity target of 75% of his base salary. Mr. McNeil is not entitled to any additional compensation as a result of his appointment by the board of directors as the Vice President and Chief Operating Officer.
Additionally, Mr. McNeil is a Tier III Participant under the Company’s Severance and Change in Control Benefit Plan, previously filed with the Securities and Exchange Commission as Exhibit 10.50 to the Quarterly Report on Form 10-Q for the quarter ended March 31, 2013. The Company has also entered into its standard form of indemnification agreement with Mr. McNeil, previously filed with the Securities and Exchange Commission as Exhibit 10.1 to the Registration Statement on Form S-1/A on August 24, 2011.
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.
Date: May 1, 2019
ENPHASE ENERGY, INC.
By:
/s/ Eric Branderiz
Eric Branderiz
Vice President and Chief Financial Officer
"that a rich man is not the one who has the most but the one who needs the least"
