UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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
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| Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 12, 2024, the board of directors (the “Board”) of Sunrun Inc. (the “Company”) appointed Paul Dickson, the Company’s current Chief Revenue Officer, to the additional role of President of the Company, effective immediately. Upon appointment, Mr. Dickson’s title became President and Chief Revenue Officer of the Company.
In connection with Mr. Dickson’s appointment as President and Chief Revenue Officer, he will receive an annual base salary of $600,000 and will be eligible for a target bonus that is 100% of his annual base salary.
Mr. Dickson has served as the Company’s Chief Revenue Officer since January 2022. Prior to that, he served as the Company’s Senior Vice President. Mr. Dickson served as Chief Revenue Officer at Vivint Solar, Inc. (“Vivint”) from September 2016 until he joined the Company in October 2020 via the Company’s acquisition of Vivint. Prior to his role as Chief Revenue Officer, he served as Vivint’s Senior Vice President of Operations from November 2013 to September 2016, and as Vivint’s Vice President of Finance and Capital Markets from May 2011 to November 2013. Prior to joining Vivint’s founding team, Mr. Dickson served as the Director of Smart Grid and Energy Management for Vivint, Inc. from December 2010 to May 2011. From May 2007 to December 2010, Mr. Dickson co-founded and served as President and Chief Executive Officer of Meter Solutions Pros, LLC, an energy management and smart-grid business acquired by Vivint, Inc. Mr. Dickson, age thirty-eight, holds a B.A. in communications from Brigham Young University.
Mr. Dickson’s employment is at-will. There are no arrangements or understandings between Mr. Dickson and any other persons pursuant to which Mr. Dickson was appointed as President of the Company. There are no family relationships between Mr. Dickson and any director or executive officer of the Company and he has no direct or indirect interest in any transaction or proposed transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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.
| SUNRUN INC. | ||
| By: | /s/ Jeanna Steele | |
| Jeanna Steele | ||
| Chief Legal Officer and Chief People Officer | ||
Date: April 15, 2024
Document and Entity Information |
Apr. 12, 2024 |
|---|---|
| Cover [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0001469367 |
| Document Type | 8-K |
| Document Period End Date | Apr. 12, 2024 |
| Entity Registrant Name | Sunrun Inc. |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 001-37511 |
| Entity Tax Identification Number | 26-2841711 |
| Entity Address, Address Line One | 225 Bush Street |
| Entity Address, Address Line Two | Suite 1400 |
| Entity Address, City or Town | San Francisco |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 94104 |
| City Area Code | (415) |
| Local Phone Number | 580-6900 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, $0.0001 par value per share |
| Trading Symbol | RUN |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
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