Document
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): January 30, 2017
ENPHASE ENERGY, INC.
(Exact name of registrant as specified in its charter)
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Delaware | | 001-35480 | | 20-4645388 |
(State of incorporation) | | (Commission File No.) | | (IRS Employer Identification No.) |
1420 N. McDowell Blvd
Petaluma, CA 94954
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (707) 774-7000
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 2.05 | Costs Associated with Exit or Disposal Activities |
On January 30, 2017, management of Enphase Energy, Inc., or the Company, announced a restructuring-related reduction of the Company’s global workforce by approximately 18% of total headcount throughout all areas of the organization to lower operating expenses. The Company estimates it will incur approximately $2 million in cash-based termination costs and related benefits as a result of this action.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. | | Description |
10.1 | | Press Release of the Company, dated January 30, 2017, entitled “Enphase Energy Restructures to Accelerate Profitability.” |
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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.
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Date: January 30, 2017 | ENPHASE ENERGY, INC. |
| By: | /s/ Humberto Garcia |
| | Humberto Garcia |
| | Vice President and Chief Financial Officer |
INDEX TO EXHIBITS
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Exhibit Number | | Description |
10.1 | | Press Release of the Company, dated January 30, 2017, entitled “Enphase Energy Restructures to Accelerate Profitability.” |