Company: FTCI
Filing Date: 2025-05-01
Form Type: 8-K
Source: 0000950170-25-061430
Chunk: 1

Company: FTC Solar, Inc.
Filing Date: 2025-05-01
Form: 8-K
Item: Item 5.02
Chunk 1
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 28, 2025, the Board of Directors (the "Board") of the Company appointed Darrell Jackson and Maximillian Sultan as independent directors of the Company, effective immediately. Mr. Jackson will serve as a Class I director with a term expiring at the 2025 annual meeting of the stockholders of the Company, and Mr. Sultan will serve as a Class II director with a term expiring at the 2026 annual meeting of stockholders of the Company.

In connection with their appointments, each of Mr. Jackson and Mr. Sultan will enter into an indemnification agreement with the Company in substantially the same form as the Company has entered into with its other directors.

There is no arrangement or understanding between either of Mr. Jackson or Mr. Sultan and the Company or any other person pursuant to which Mr. Jackson or Mr. Sultan was elected as a director. As of the date of the appointment, neither of Mr. Jackson or Mr. Sultan has entered into or proposed to enter into any transactions required to be reported under Item 404(a) of Regulation S-K.