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)

 
 
 
 
 
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))






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.

 
 
 
Exhibit No.
 
Description
10.1
  
Press Release of the Company, dated January 30, 2017, entitled “Enphase Energy Restructures to Accelerate Profitability.”
 
 
 





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: January 30, 2017
ENPHASE ENERGY, INC.
  
 
By:  
/s/ Humberto Garcia
 
 
Humberto Garcia
 
 
Vice President and Chief Financial Officer









INDEX TO EXHIBITS
 
Exhibit Number
 
Description
10.1
  
Press Release of the Company, dated January 30, 2017, entitled “Enphase Energy Restructures to Accelerate Profitability.”