Business Context and Reporting Period
This Form 8-K Current Report was filed by Ormat Technologies, Inc. on January 24, 2022. The filing addresses corporate governance changes regarding the Company's legal leadership.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel transitions and does not contain financial performance data.
Material Changes
The primary material change reported is the transition of the General Counsel role:
- Departure: Hezi Kattan stepped down as General Counsel effective January 24, 2022.
- Appointment: Jessica Woelfel was appointed permanently as General Counsel and Chief Compliance Officer, effective January 25, 2022.
Management Commentary and Risks
Management expressed gratitude to Mr. Kattan for his contributions. Ms. Woelfel, who had served as Interim General Counsel since March 2021, brings nearly 20 years of legal experience, including prior roles as Vice President, U.S. Legal for the Company and as a partner at McDonald Carano LLP. The filing does not disclose specific risks, contingencies, or unusual items beyond the standard personnel transition.
Key Facts for Investor Verification
- Confirm the effective date of Jessica Woelfel's permanent appointment (January 25, 2022).
- Verify that no financial restatements or material contracts were triggered by the leadership change.
- Review subsequent filings for any changes to the Company's legal strategy or compliance posture under the new General Counsel.