-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, M6wQDvOlWQT/rruh/8/Ir/kmZ4zWpn3iP4XsDKUP+mF9gLz0pumqA4P/4A0YCR1M go+iv/pxNzqbSYsIMf6vEA== 0001347452-09-000020.txt : 20090807 0001347452-09-000020.hdr.sgml : 20090807 20090806213955 ACCESSION NUMBER: 0001347452-09-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090805 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090807 DATE AS OF CHANGE: 20090806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Akeena Solar, Inc. CENTRAL INDEX KEY: 0001347452 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES [3433] IRS NUMBER: 205132054 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33695 FILM NUMBER: 09993388 BUSINESS ADDRESS: STREET 1: 16005 LOS GATOS BLVD CITY: LOS GATOS STATE: CA ZIP: 95032 BUSINESS PHONE: 408-395-7774 MAIL ADDRESS: STREET 1: 16005 LOS GATOS BLVD CITY: LOS GATOS STATE: CA ZIP: 95032 FORMER COMPANY: FORMER CONFORMED NAME: Fairview Energy Corporation, Inc. DATE OF NAME CHANGE: 20051220 8-K 1 form_8-k.htm AKEENA SOLAR FORM 8-K APPOINTMENT OF PRADEEP JOTWANI form_8-k.htm
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):
August 5, 2009

Akeena logo
AKEENA SOLAR, INC.
(Exact name of registrant as specified in its charter)
         
Delaware
 
000-52385
 
90-0181035
(State or other jurisdiction of incorporation)
 
(Commission File No.)
 
(I.R.S. Employer Identification No.)

16005 Los Gatos Boulevard
Los Gatos, California 95032
(Address of principal executive offices)

Registrant’s telephone number, including area code:
(408) 402-9400
 
 
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))
 


 
 

 

 
ITEM 5.02
DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

(d)
On August 5, 2009 the Board of Directors of Akeena Solar, Inc. (the "Company") appointed Pradeep Jotwani as director of the Company to fill a vacancy on the Company’s Board. The Company believes that Mr. Jotwani is an “independent director” as that term is defined by Nasdaq Marketplace Rule 5605(a)(2).

 
Mr. Jotwani is currently an Operating Executive at Vector Capital, a Silicon Valley based venture capital firm. From 1982 through 2007, he held a number of senior management positions in Europe and the United States with Hewlett-Packard. From 2002 to 2007, he was Senior Vice President and head of Hewlett-Packard’s $16 billion Printing Supplies business and prior to that was President of Hewlett-Packard’s Consumer Business Organization. Mr. Jotwani holds a bachelor’s degree in mechanical engineering from the Indian Institute of Technology in Kanpur, India, a master’s degree in industrial engineering from the University of Wisconsin in Madison and a master’s degree in business administration from Stanford University in Palo Alto, CA. He is currently a Fellow of the American Leadership Forum in Silicon Valley.

 
Mr. Jotwani will serve an initial term through the 2009 annual meeting of stockholders to be held on August 21, 2009, at which time he is expected to be elected or appointed to a full term continuing until the annual meeting of stockholders in 2010. In connection with his appointment to the Company’s Board, Mr. Jotwani was granted an option to purchase 982 shares of the Company’s common stock and an amount of the Company’s restricted common stock equal in value to $982 as valued on the grant date. The stock options and restricted stock will vest entirely on August 21, 2009. Subject to election or appointment to serve a full one-year term at the August 21, 2009 annual meeting of stockholders, Mr. Jotwani will be granted a further option to purchase 20,000 shares of the Company’s common stock and an amount of the Company’s restricted common stock equal in value to $20,000, as valued on the date of grant. The stock options and restricted stock will vest quarterly. Mr. Jotwani was also appointed to serve on the Company’s Audit, Compensation, and Nominating and Corporate Governance Committees of the Board, along with the existing Committee members Ed Roffman and Jon Witkin.

 
There was no arrangement or understanding between Mr. Jotwani and any other person pursuant to which he was selected as a director. There is no family relationship between Mr. Jotwani and any of the Company’s other directors or executive officers. Mr. Jotwani is also a director of RealNetworks, Inc., a publically-traded company, which delivers digital entertainment services to consumers via PC, portable music player, home entertainment system and mobile phone. Mr. Jotwani does not have any direct or indirect material interest in any transaction which would require disclosure under Item 404(a) of Regulation S-K.

 
On August 6, 2009 the Company issued a press release announcing Mr. Jotwani’s appointment to the Company's Board of Directors. The complete text of the press release is attached hereto as Exhibit 99.1.


ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

 (d) Exhibits
Exhibit
Number
 
Description of Exhibit
 
99.1
 
Press Release announcing the appointment of Pradeep Jotwani (furnished herewith).
 
       
 
 
 
 

 

 

 
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.


Date:  August 6, 2009
AKEENA SOLAR, INC.
 
By: /s/ Gary R. Effren
 
Gary R. Effren,
 
Chief Financial Officer
 
 

 
 
 

 
EXHIBIT INDEX
     
No.
 
Description
     
99.1
 
Press Release announcing the appointment of Pradeep Jotwani (furnished herewith).



EX-99.1 2 exhibit_99-1.htm PRESS RELEASE ANNOUNCING APPOINTMENT exhibit_99-1.htm
Exhibit 99.1
 

 


Akeena logo
Akeena Solar
Corporate Headquarters: 16005 Los Gatos Blvd, Los Gatos, CA 95032


Investor Relations Contact:
Company Contact:
Jody Burfening/Amy Gibbons
Barry Cinnamon, President and CEO
Lippert / Heilshorn & Associates
Akeena Solar, Inc.
(212) 838-3777
(408) 402-9400
agibbons@lhai.com
bcinnamon@akeena.com
 

Akeena Solar Appoints Pradeep Jotwani to Board of Directors


LOS GATOS, CA, August 6, 2009 – Akeena Solar, Inc. (NASDAQ: AKNS), a leading designer and installer of solar power systems, announced the appointment of Pradeep Jotwani to its Board of Directors.

“Pradeep’s in-depth experience in world-wide consumer manufacturing, marketing and distribution make him a perfect fit for Akeena,” said Barry Cinnamon, President and Chief Executive Officer of Akeena Solar. “We look forward to his contributions as we execute our distribution strategy and develop new markets globally for our Andalay DC and AC panels. I am delighted to welcome Pradeep to our Board.”

“Akeena is at the forefront of making solar power a mainstream energy solution and I am thrilled to be joining the company at this time,” said Mr. Jotwani. “I look forward to working with Barry and the Board as Akeena advances its business and enhances its leadership in the solar industry.”

Mr. Jotwani, is an Operating Executive at Vector Capital, and serves on the board of Real Networks. Previously, he was at the Hewlett-Packard Company for 25 years, where he held a number of senior management positions in Europe and the United States. Most recently he was the Senior Vice President and head of HP’s $16 billion Printing Supplies business and prior to that was President of HP’s Consumer Business Organization, HP’s first formal sales and marketing organization focused on the consumer market. Mr. Jotwani holds a bachelor’s degree in mechanical engineering from the Indian Institute of Technology in Kanpur, India, a master’s degree in industrial engineering from the University of Wisconsin in Madison and a master’s degree in business administration from Stanford University in Palo Alto, CA.

This appointment, which is effective immediately, fills a vacant seat and is intended to satisfy a NASDAQ listing requirement. In addition, Mr. Jotwani will be a candidate for election to a full term by shareholders at the annual meeting on August 21, 2009.

About Akeena Solar
 
Founded in 2001, Akeena Solar's philosophy is simple: We believe producing clean electricity directly from the sun is the right thing to do for our environment and economy. Akeena Solar has grown to become one of the largest national installers of residential and commercial solar power systems in the United States. The company's integrated solar panel system, Andalay, is the only solar panel system with integrated racking, wiring and grounding. Andalay panels offer unprecedented reliability, performance and aesthetics. For more information, visit Akeena Solar's website: http://www.akeena.com or Andalay Solar’s website: http://www.andalaysolar.com.
 

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