-----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, NkVu1ZM3mqxPE4sIt6+MKouBt8qcETDlNEof8dNAeUwUk89c8ZBdc4QfwvXH9yQE kZh3XpOU6xxU2PfJNGJN8g== 0001347452-09-000042.txt : 20091216 0001347452-09-000042.hdr.sgml : 20091216 20091216171650 ACCESSION NUMBER: 0001347452-09-000042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20091214 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: 20091216 DATE AS OF CHANGE: 20091216 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: 091245347 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 FORM 8-K - MANAGEMENT CHANGES 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):
December 14, 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))
 

 
 

 

 
(b) (c) Appointment of new President and new Chief Financial Officer.
 
Gary Effren has been appointed to the office of President of Akeena Solar, Inc. (“Akeena” or the “Company”) by the Company’s Board of Directors, effective December 14, 2009. Mr. Effren had been serving as the Company’s Chief Financial Officer. Also effective December 14, 2009, Margaret Randazzo has been appointed to the office of Chief Financial Officer, replacing Gary Effren. Ms. Randazzo had been serving as the Company’s Controller. Barry Cinnamon will continue in his role as Chief Executive Officer.

Gary Effren, age 53, has been the Chief Financial Officer of Akeena since September 2007. Prior to joining Akeena, Effren held various executive financial positions, including vice president of finance and chief financial officer at Knight Ridder, Inc. a Fortune 500 media company and the second largest newspaper company in the United States. Effren is a CPA with a BS in Commerce from Rider College and an MBA from the University of Miami.

Margaret Randazzo, age 41, has been Controller of Akeena since December 2008. She is a certified public accountant and is a graduate of the University of Oklahoma, where she earned a bachelor's of business administration degree in accounting in 1990. She began her career as a manager in the Audit and Business Advisory Division of Arthur Andersen LLP in Dallas. In 1996 she joined the Fort Worth Star-Telegram as a financial planning manager and in 1998, was named vice president and chief financial officer. In 2001, Randazzo joined the Star-Telegram's corporate parent, Knight Ridder, Inc. and held positions of increasing responsibility at the company, including vice president and controller and special assistant to the president. In 2006, upon The McClatchy Company's acquisition of Knight Ridder, Randazzo was named president and publisher of The Modesto Bee and had oversight of the Merced Sun-Star. Randazzo served in that role through the end of 2008 prior to joining Akeena.

In connection with her promotion, Ms. Randazzo has been granted a stock option for the purchase of 75,000 shares of Akeena common stock.

A press release dated December 14, 2009 regarding the appointment of Mr. Effren to the office of President and Ms. Randazzo to the office of Chief Financial Officer is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits
 
Exhibit
Number
 
Description of Exhibit
 
99.1
 
Press Release regarding the appointment of Gary Effren as President and Margaret Randazzo as Chief Financial Officer (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:  December 16, 2009
AKEENA SOLAR, INC.
 
By: /s/ Margaret R. Randazzo
 
Margaret R. Randazzo,
 
Chief Financial Officer

 
 

 

EXHIBIT INDEX
     
No.
 
Description
     
99.1
 
Press Release dated December 14, 2009.
EX-99.1 2 ex_99-1.htm EXHIBIT 99.1 ex_99-1.htm
Exhibit 99.1





Akeena Logo

 

Corporate Headquarters: 16005 Los Gatos Blvd, Los Gatos, CA 95032

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

Akeena Solar Strengthens Management Team

Gary Effren, CFO, Promoted to President
Margaret Randazzo, Controller, Promoted to Chief Financial Officer

LOS GATOS, CA, December 14, 2009 – Akeena Solar, Inc. (NASDAQ: AKNS), a leading installer and manufacturer of solar power systems, has appointed Gary Effren, currently CFO, to the position of President and named Margaret Randazzo, currently controller, as Chief Financial Officer effective today.

“Business activities at Akeena have expanded well beyond the residential installation work we began in 2001,” said Barry Cinnamon, CEO of Akeena Solar. “As we expand our distribution activities of Andalay panels, which includes developing our installer network throughout the U.S., selling to installers and distributors worldwide, and establishing a retail beachhead with Lowe’s, our operations are becoming more diverse and require an expanded management team. It is therefore a natural time for me to delegate more of the day-to-day operational responsibilities to proven Akeena executives with successful track records at much larger companies.

”Since joining Akeena as CFO in 2007, Gary has put in place a top-notch financial and accounting team, enhanced our financial processes and systems to support a larger company and steered Akeena to a substantially stronger financial position,” continued Cinnamon. “Over the past year he has assumed a greater operating role in the company, managing our purchasing, installation activities and back office operations. Margaret has been an important part of our financial team since the beginning of 2009, and has stepped up to manage all aspects of our accounting and SEC financial reporting, including tax, treasury, budgeting, internal financial controls, audit and risk management activities. She is eminently qualified and ready to assume all of the CFO responsibilities seamlessly.

“Gary and Margaret are both proven executives who have done an outstanding job at Akeena while assuming increasing levels of responsibility. Today’s announcement formalizes a structure already in place and I am confident that Akeena has the right team in place today to guide Akeena through the next phase of our growth,” added Cinnamon.

“To be perfectly clear, I plan on increasing my efforts in expanding the worldwide distribution of our plug and play Andalay AC solar panels and developing a number of strategic partnership opportunities that are a natural fit with Andalay. Just as importantly, I will also be able to spend more time on developing public policies and standards that complement the widespread availability of safe and easy-to-install solar panels sold through solar installers, retail stores and traditional electrical/HVAC distribution channels,” concluded Cinnamon.

Prior to joining the company, Effren held various executive financial positions, including vice president of finance and chief financial officer at Knight Ridder, Inc. a Fortune 500 media company and the second largest newspaper company in the United States. Mr. Effren is a CPA with a BS in Commerce from Rider College and an MBA from the University of Miami.

Randazzo, a certified public accountant, is a graduate of the University of Oklahoma, where she earned a bachelor’s of business administration degree in accounting in 1990. She began her career as a manager in the Audit and Business Advisory Division of Arthur Andersen LLP in Dallas. In 1996 she joined the Fort Worth Star-Telegram as a financial planning manager and in 1998, was named vice president and chief financial officer of the Star-Telegram. In 2001, Randazzo joined the Star-Telegram's corporate parent, Knight Ridder, and held positions of increasing responsibility at the company, including vice president and controller and special assistant to the president. In 2006, upon The McClatchy Company's acquisition of Knight Ridder, Randazzo was named president and publisher of The Modesto Bee and had oversight of the Merced Sun-Star. Randazzo served in that role through the end of 2008 prior to joining Akeena.


About Akeena Solar, Inc. 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 nation's leading installers and manufacturers of solar power systems. Akeena Solar’s revolutionary Andalay AC solar panels produce safe household AC power and have built-in racking, wiring, grounding and inverters. With 80% fewer parts and 5-25% better performance than ordinary DC panels, Andalay panels are an ideal solution for solar installers, trades workers and do-it-yourselfers. For more information on the company, visit www.akeena.com. Installers can also visit www.andalaysolar.com to learn more about the Andalay panels.
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