Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Chief Commercial Officer Compensation
On June 8, 2021, the board of directors of Array Technologies, Inc. (the
"Company") approved changes to its compensatory arrangements with Jeff Krantz,
the Company's Chief Commercial Officer. The changes provide for (i) an annual
base salary of $425,000, (ii) an annual target bonus equal to 70% of his annual
base salary and (iii) annual awards under the Company's 2021 Long-Term Incentive
Plan.
Item 5.07 Submission of Matters to a Vote of Security Holders.
The Company's 2021 Annual Meeting of Stockholders was held on June 7, 2021.
Matters voted on at the 2021 Annual Meeting and the results thereof were as
follows:
1.Election of Directors. The following individuals were elected as Class I
directors to the Company's Board of Directors for a term of three years, each to
serve until the annual meeting of stockholders in 2024 or until their successors
are duly elected and qualified:
Broker
Nominee For Withheld Non-Votes
Troy Alstead 86,606,761 28,740,255 3,650,828
Orlando Ashford 86,617,938 28,729,078 3,650,828
2.Ratification of Auditors. Stockholders ratified the appointment of BDO USA,
LLP as the Company's independent registered public accounting firm for 2021:
Votes Cast
For 118,706,318
Against 101,435
Abstentions 190,091
Broker Non-Votes 0
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