Bloom Energy Corp
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
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Item 9B. Other Information
(a) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 15, 2024, the Company announced that Gregory Cameron, President and Chief Financial Officer, would be leaving the Company to pursue other opportunities following a transitional period. The Company has begun a search for its next Chief Financial Officer. The Company also announced that effective immediately, Satish Chitoori, age 52, currently the Company’s SVP, Chief of Procurement and Supply Chain, would assume some of Mr. Cameron’s duties, becoming Chief Operations Officer, and leading manufacturing, supply chain, and the customer installation group. Mr. Chitoori will report to KR Sridhar, the Company’s Founder, Chief Executive Officer, Chairman and Director.
(b)Trading Plans
During the fourth quarter ended December 31, 2023, KR Sridhar, Chairman and Chief Executive Officer, adopted a trading arrangement intended to satisfy the affirmative defense provisions of Rule 10b5-1(c). The plan was adopted on December 3, 2023 and the plan ends on December 31, 2024. The aggregate amount of shares that may be sold under the plan is a) up to 220,000 shares, subject to certain pricing conditions, and b) the number of shares necessary to cover withholding taxes resulting from the vesting of RSUs or PSUs in 2024.
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