Business Context and Reporting Period
This Form 8-K Current Report was filed by Orion Energy Systems, Inc. on May 31, 2011. The filing primarily addresses corporate governance changes, specifically the appointment of a new director to the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. Item 9.01 regarding Financial Statements and Exhibits is marked as "Not applicable," indicating no financial data is disclosed in this specific report.
Material Changes
The material change reported is the appointment of Tryg Jacobson as a Class II director on May 31, 2011. His initial term continues until the 2012 annual meeting of shareholders. The Board determined Mr. Jacobson is independent under NYSE Amex LLC listing standards and appointed him to the Compensation Committee.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. It strictly details the director appointment and confirms there are no arrangements or transactions in which the Company is a participant where Mr. Jacobson has a material interest.
Key Facts for Investor Verification
- Tryg Jacobson was appointed as an independent Class II director effective May 31, 2011.
- Mr. Jacobson has been appointed to the Compensation Committee.
- Mr. Jacobson will receive standard non-employee director compensation under the Company's plan.
- No financial performance data or material contracts were disclosed in this filing.