0001193125-13-038896.txt : 20130205 0001193125-13-038896.hdr.sgml : 20130205 20130205165724 ACCESSION NUMBER: 0001193125-13-038896 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20130204 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: 20130205 DATE AS OF CHANGE: 20130205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Real Goods Solar, Inc. CENTRAL INDEX KEY: 0001425565 STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES [3433] IRS NUMBER: 261851813 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34044 FILM NUMBER: 13574748 BUSINESS ADDRESS: STREET 1: 833 WEST SOUTH BOULDER ROAD CITY: LOUISVILLE STATE: CO ZIP: 80027 BUSINESS PHONE: 303-222-3600 MAIL ADDRESS: STREET 1: 833 WEST SOUTH BOULDER ROAD CITY: LOUISVILLE STATE: CO ZIP: 80027 8-K 1 d481022d8k.htm FORM 8-K Form 8-K

 

 

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 4, 2013

 

 

REAL GOODS SOLAR, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

Colorado   001-34044   26-1851813

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

833 W. South Boulder Road, Louisville, CO 80027-2452

(Address of Principal Executive Offices, Including Zip Code)

Registrant’s telephone number, including area code: (303) 222-8400

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 communication 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.

On February 4, 2013, the Board of Directors (the “Board”) of Real Goods Solar, Inc. (the “Company”) appointed Tony DiPaolo as the Company’s Chief Financial Officer.

Mr. DiPaolo, age 53, has over 20 years of experience as a senior finance and accounting professional. From February 2007 through June 2012, Mr. DiPaolo was employed by Incentra Solutions (“Incentra”), a provider of information technology and storage management solutions to enterprises and managed services providers in North America and Europe. Incentra was publicly traded through April 2009 when it became a private company. Mr. DiPaolo was the Chief Financial Officer of Incentra through January 2010, when he was appointed President following Incentra’s divestiture of its value added resale business. Incentra changed its name to Presilient in June 2010. Mr. DiPaolo resigned from his position as President in August 2010 and remained an employee of Presilient through June 2012. From July 2012 to January 2013, he served as Chief Financial Officer and Chief Accounting Officer for Roomlinx, Inc., a publicly traded provider of media and entertainment services to the hospitality industry. Mr. DiPaolo has a bachelor of science degree in accounting from the University of Denver and is a licensed certified public accountant in Colorado.

Mr. DiPaolo will receive an annual salary of $222,000 for serving as the Company’s Chief Financial Officer. Mr. DiPaolo will also be eligible to receive annual bonuses of up to 50% of his base salary based on the achievement by the Company of certain financial and operating objectives established by the Company’s Chief Executive Officer and the Board. Additionally, on February 4, 2013, the Company granted Mr. DiPaolo options to purchase 125,000 shares of the Company’s Class A common stock at an exercise price equal to the closing market price on such date. The options vest 2% per month for 50 months commencing on the first day of the eleventh month after grant and expire on February 4, 2020. Mr. DiPaolo is also entitled to participate in employee benefit programs generally available to the Company’s employees. In connection with the option grant, Mr. DiPaolo will be subject to a two-year covenant concerning confidentiality, non-competition, non-solicitation of employees and customers and assignment of inventions.

Effective February 4, 2013, Angy Chin stepped down from her position as Interim Chief Financial Officer and will continue to support the Company through an orderly transition in an advisory role over the next few weeks.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit

No.

  

Description of Exhibit

Exhibit 99.1

   Press Release, dated February 5, 2013


SIGNATURE

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.

 

REAL GOODS SOLAR, INC.
By:  

/s/ Kam Mofid

  Kamyar (Kam) Mofid
  Chief Executive Officer

Date: February 5, 2013


EXHIBIT INDEX

 

Exhibit

No.

  

Description of Exhibit

Exhibit 99.1    Press Release, dated February 5, 2013
EX-99.1 2 d481022dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

Real Goods Solar Appoints Tony DiPaolo as CFO

Louisville, CO, February 5, 2013 – Real Goods Solar, Inc. (NASDAQ: RSOL), a nationwide leader of turnkey solar energy solutions, appointed Tony DiPaolo as chief financial officer, succeeding interim CFO, Angy Chin who will remain in an advisory role during the transition.

“We welcome Tony to Real Goods Solar as a seasoned finance and accounting executive with more than 20 years of senior management experience in public and private companies,” said Kam Mofid, the company’s CEO. “We believe his strong track record of improving results and supporting organizations through periods of change and rapid growth will help us continue to strengthen the organization as we build one of the greatest solar companies in the country.”

“We’d also especially like to thank Angy for her effective leadership in addressing the company’s many challenges in 2012,” added Mofid, “and particularly for her support of the management team as we built a solid foundation for 2013 and beyond.”

DiPaolo previously served as president and chief financial officer of Incentra Solutions (now Presilient), a provider of information technology and storage management solutions to enterprises and managed services providers in North America and Europe. DiPaolo also previously served as chief financial officer and chief accounting officer for Roomlinx, a publicly-traded media and entertainment services company. Prior to Roomlinx, he held executive financial positions for public companies in the equipment finance industry, and was part of a successful wireless technology startup company which was eventually acquired. DiPaolo has a Bachelor of Science in Accounting from the University of Denver and is a licensed certified public accountant.

About Real Goods Solar and RGS Energy

Real Goods Solar, Inc. (NASDAQ: RSOL) is one of the nation’s pioneering solar energy companies serving commercial, residential, and utility customers. Beginning with one of the very first photovoltaic panels sold in the U.S. in 1978, the company has installed more than 14,500 solar power systems representing over 100 megawatts of 100% clean renewable energy. Real Goods Solar makes it very convenient for customers to save on their energy bill by providing a comprehensive solar solution, from design, financing, permitting and installation to ongoing monitoring, maintenance and support. As one of the nation’s largest and most experienced solar power installers, the company has 15 offices across the West and the Northeast. It services the commercial and utility markets through its RGS Energy division. For more information, visit RealGoodsSolar.com or RGSEnergy.com, or call (888) 507-2561.

This press release includes forward-looking statements relating to matters that are not historical facts. Forward-looking statements may be identified by the use of words such as “expect,” “intend,” “believe,” “will,” “should” or comparable terminology or by discussions of strategy. While Real Goods Solar believes its assumptions and expectations underlying forward-looking statements are reasonable, there can be no assurance that actual results will not be materially different. Risks and uncertainties that could cause materially different results include, among others, introduction of new products and services, completion and integration of acquisitions, the possibility of negative economic conditions, and other risks and uncertainties included in Real Goods Solar’s filings with the Securities and Exchange Commission. Real Goods Solar assumes no duty to update any forward-looking statements.


Media and Investor Relations Contact:

Ron Both

Liolios Group, Inc.

Tel (949) 574-3860

RSOL@liolios.com

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