Company: FTCI
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-061051
Chunk: 16

Company: FTC Solar, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 16
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 Mrs. Mullings resignation was not a result of any disagreement with the Company or any matter relating to the Company's operations, policies or practices.

Isidoro Quiroga Cortés resigned from his position as an independent director of the Company, effective August 11, 2024. Mr. Quiroga Cortés' resignation was not a result of any disagreement with the Company or any matter relating to the Company's operations, policies or practices.

The Board of Directors appointed Mr. Pablo Barahona as an independent director of the Company and a member of the Audit Committee of the Board, effective August 12, 2024. There was no arrangement or understanding between Mr. Barahona and the Company or any other person pursuant to which he was elected as a director. The Board believes that Mr. Barahona's knowledge of different economic sectors across global markets particularly in Latin America and Europe and significant experience in corporate governance and dealing with government agencies will be an important asset to the Board and the Company as we continue to expand our served markets and capitalize on the strength of our broadened product offerings across 1P and 2P tracker configurations.

The Board of Directors appointed Darrell Jackson as an independent director of the Company, effective April 28, 2025. There was no arrangement or understanding between Mr. Jackson and the Company or any other person pursuant to which he was elected as a director. The Board believes that Mr. Jackson's knowledge of U.S. capital markets and experience with complex financial transactions will be an important asset to the Board and the Company as we continue efforts to expand our business and improve our financial position.

The Board of Directors appointed Maximillian Sultan as an independent director of the Company, effective April 28, 2025. There was no arrangement or understanding between Mr. Sultan and the Company or any other person pursuant to which he was elected as a director. The Board believes that Mr. Sultan's experience in advising other companies on business strategy and operations management will be an important asset to the Board and the Company as we continue to adjust our cost structure while investing for future planned growth.

The terms of appointment for Mr. Barahona and Mr. Jackson, along with Mr. Springer's previously elected term, will expire at this Annual Meeting of Stockholders, unless elected by Company shareholders to a three-year term expiring at the Annual Meeting of Shareholders in 2028.

The other remaining director's terms will continue until the election and qualification of his or her successor, or his or her earlier