Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 16, 2021, Jeff Krantz, the Chief Commercial Officer of Array Technologies, Inc. (the "Company"), provided written notice of his intention to resign from his positions as an officer and employee of the Company and its subsidiaries, effective as of January 12, 2022. Mr. Krantz has agreed to stay on to assist with the identification, appointment and transition of his role through the effective date of his resignation. Mr. Krantz's resignation is not the result of any material disagreement with the Company regarding its operations, policies, or practices.

In connection with his resignation, Mr. Krantz entered into an agreement (the "Agreement") with the Company under which the Company agreed to modify the terms of the Restricted Stock Unit Agreements dated October 19, 2020 and March 2, 2021 with Mr. Krantz and his Offer Letter, dated December 19, 2016 (the "Offer Letter"), such that Mr. Krantz will retain certain of his unvested restricted stock units on their current vesting schedule upon any potential resignation, regardless of whether such resignation is for Good Cause (as defined in the Offer Letter). The Company's obligations under the Agreement are conditioned upon Mr. Krantz's agreement to, among other things, stay on in his current role through January 11, 2022, sign a release in favor of the Company and its affiliates, and continue to abide by any confidentiality and non-solicitation covenants contained in his Offer Letter.

Item 7.01 Regulation FD Disclosure.

On December 20, 2021, the Company issued a press release describing the matters in Item 5.02 of this Current Report on Form 8-K. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated by reference herein. The information provided pursuant to this Item 7.01 is "furnished" and shall not be deemed to be "filed" with the SEC or incorporated by reference in any filing under the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filings.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.
    Exhibit            Exhibit Title or Description
      No.

           99.1          Press Release of Array Technologies, Inc., dated December 20, 2021  .
            104        Cover Page Interactive Data File (embedded within the Inline XBRL document).

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses