0001437749-23-004641.txt : 20230227 0001437749-23-004641.hdr.sgml : 20230227 20230227085522 ACCESSION NUMBER: 0001437749-23-004641 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20230222 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20230227 DATE AS OF CHANGE: 20230227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ORMAT TECHNOLOGIES, INC. CENTRAL INDEX KEY: 0001296445 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 880326081 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32347 FILM NUMBER: 23670227 BUSINESS ADDRESS: STREET 1: 6140 PLUMAS STREET CITY: RENO STATE: NV ZIP: 89519-6075 BUSINESS PHONE: 775-356-9029 MAIL ADDRESS: STREET 1: 6140 PLUMAS STREET CITY: RENO STATE: NV ZIP: 89519-6075 8-K 1 ora20230226_8k.htm FORM 8-K ora20230226_8k.htm
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM 8-K
 
 
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): February 22, 2023
 
Ormat Technologies, Inc.
 
 
(Exact Name of Registrant as Specified in Its Charter)
 
Delaware
001-32347
No. 88-0326081
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
6140 Plumas Street, Reno, Nevada
  
89519-6075
(Address of Principal Executive Offices)
  
(Zip Code)
 
(775) 356-9029
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Exchange Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which
registered
Common Shares
ORA
NYSE
 
 
 
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 (a) of the Exchange Act. ☐
 
 
 
 
Item 5.02.         Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
President and Head of Operations and Products Transition
 
On February 22, 2023, Shlomi Argas notified Ormat Technologies, Inc. (the “Company”) of his intent to transition out of his role as President and Head of Operations and Products of the Company, effective July 1, 2023. Mr. Argas’ decision is part of his longer-term personal plan to eventually retire and is not due to any disagreement with the Company on any matter regarding its operations, practices or policies. Beginning July 1, 2023, Mr. Argas will remain employed as a senior consultant to the Company’s management, where he will continue supporting various strategic, sales, business development and operational efforts.
 
The Company intends to finalize new compensation arrangements with Mr. Argas prior to him assuming his new role at the Company and will disclose such arrangements once completed to the extent required. The Company thanks Mr. Argas for his contributions as President and Head of Operations and Products and looks forward to continuing to work with him in his new role.
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
  ORMAT TECHNOLOGIES, INC.  
 
By:
/s/ Doron Blachar
  
 
Name:
Doron Blachar
  
 
Title:
Chief Executive Officer
  
 
 
Date: February 27, 2023
 
 
 
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