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    ISUN   US4652461066

ISUN, INC.

(ISUN)
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ISUN, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

06/03/2021 | 04:09pm EDT

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;

           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.



Resignation of Director

On June 2, 2021, Mr. Daniel Dus resigned from his position as a Member of the Board of Directors (the "Board") of iSun, Inc. (the "Company").

Election of New Director

On June 2, 2021, the Board of the Company appointed Mr. Andrew Matthy as a member of the Board, effective June 2, 2021. The Board determined that Ms. Matthy qualifies as "independent" in accordance with the published listing requirements of Nasdaq. Mr. Matthy has been appointed to the Company's Compensation Committee and Audit Committee, and will serve as chair of the Company's Nominating/Corporate Governance Committee.

Mr. Matthy has 17 years of experience in executive search covering renewable energy, decarbonization of corporates, transportation of electrification, and digital solutions. Currently, he is a Partner at Cipactil Partners and Enertech Search, where he is disrupting the executive search model and scaling platforms within private equity and venture capital-backed portfolios of companies. Previously, Mr. Matthy spent six years with Hobbs & Towne, working with high-profile clients - such as Brookfield Renewables and EDF Renewables, along with startups such as Chargepoint and Edison Energy - focusing on the intersection of energy and technology. His earlier career included eight years of recruiting with Ajilon Finance and as an independent consultant, focusing on staffing for corporate accounting.

Mr. Matthy will receive the standard compensation amounts payable to non-employee directors of the Board. Pursuant to these arrangements, commencing in June 2021, Mr. Matthy will be paid (i) an annual retainer in the amount of $36,000 for Board membership, inclusive of all Board meetings and committee meetings; (ii) an annual retainer in the amount of $5,000 for service as chair of the Nominating and Corporate Governance Committee; and (iii) a one-time grant of three thousand restricted shares of iSun Common Stock to vest proportionally over his term.

Item 9.01. Financial Statement and Exhibits.




(d) Exhibits

Number     Description

  99.1     Press Release dated June 2, 2021 regarding the appointment of Andrew
           Matthy to the Board


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© Edgar Online, source Glimpses

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