Business Context and Reporting Period
This Form 8-K Current Report was filed by Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) on October 10, 2022. The filing reports a corporate governance event: the election of a new independent 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. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change reported is the expansion of the Board of Directors by one seat. Lizabeth "Beth" Ardisana was elected as a new independent director effective October 10, 2022. Concurrently, she was appointed to the Audit Committee.
Outlook, Risks, and Management Commentary
Management commentary highlights Ms. Ardisana's qualifications, noting her experience as a CEO of ASG Renaissance LLC and Performance Driven Workforce LLC, and her background in the automotive and environmental sectors. The Board determined she is independent under NYSE listing standards. No specific risks, contingencies, or unusual items were disclosed in this filing. Compensation for Ms. Ardisana will be a pro rata portion of the annual director compensation as described in the Company's Proxy Statement.
Key Facts for Investor Verification
- New Director: Lizabeth "Beth" Ardisana joined the Board effective October 10, 2022.
- Committee Assignment: Ms. Ardisana was immediately appointed to the Audit Committee.
- Independence: The Board confirmed her independence status per NYSE standards.
- Compensation: She is entitled to pro rata annual director compensation; specific amounts are not listed in this filing.
- Background: She brings experience from the automotive, environmental, and banking sectors, including prior board service at Clean Energy Fuels Corp. and Huntington Bancshares Inc.