Business Context and Reporting Period
This Form 8-K Current Report was filed by Ormat Technologies, Inc. on October 2, 2017, regarding an event that occurred on September 28, 2017. The filing addresses corporate governance changes specifically related 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. This report is limited to Item 5.02 regarding the departure of a director and contains no financial data.
Material Changes
On September 28, 2017, Robert F. Clarke notified the Company of his decision not to stand for re-election to the Board of Directors upon the expiration of his current term at the 2018 Annual Meeting of Stockholders. Mr. Clarke stated that his decision was made to pursue other goals and was not the result of any disagreement with the Company regarding its operations, policies, or practices.
Guidance, Outlook, and Risks
The filing does not contain management guidance, financial outlook, or discussion of risks and contingencies beyond the specific disclosure of the director's departure.
Key Facts for Investor Verification
- Robert F. Clarke will not seek re-election to the Board of Directors at the 2018 Annual Meeting.
- The departure is voluntary and unrelated to any disagreement with the Company.
- No financial performance data is disclosed in this specific filing.