Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 15, 2022, Jeff McNeil, Executive Vice President and Chief Operating
Officer of Enphase Energy, Inc. (the "Company"), notified the Company of his
intention to retire next year, effective as of March 31, 2023, from his position
at the Company. Mr. McNeil is retiring for personal reasons and there are no
disagreements between Mr. McNeil and the Company on any matters relating to the
Company's operations, policies, or practices.
In advance of his retirement, Mr. McNeil will transition from his current
position to a full-time role as Chief Advisor, effective July 1, 2022. As Chief
Advisor, Mr. McNeil will continue to report to Badri Kothandaraman, the
Company's Chief Executive Officer, and help facilitate the transition of his
responsibilities as well as support other special projects. There are no changes
to Mr. McNeil's compensation. Consistent with the Company's succession plan, the
Company's Customer Experience, Quality and Reliability, and Supply Chain
functions, which all previously reported to Mr. McNeil, will report to Mr.
Kothandaraman starting on July 1, 2022.
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