We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Energy Focus Inc | NASDAQ:EFOI | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 0.63% | 1.59 | 1.10 | 2.69 | 1.60 | 1.5582 | 1.60 | 7,237 | 21:10:47 |
☑
|
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
|
☐
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
DELAWARE
|
|
94-3021850
|
(State of incorporation)
|
|
(I.R.S. Employer Identification No.)
|
Large accelerated filer ☐
|
|
Accelerated filer ☐
|
Non-accelerated filer ☐ (Do not check if a smaller reporting company)
|
|
Smaller reporting company ☑
|
|
|
Emerging growth company ☐
|
Name
|
Age
|
Director
Since
|
Background
|
|
|
|
|
Jennifer Cheng
|
52
|
2019
|
Ms. Cheng is the co-founder and has served as the current chairwoman of Social Energy Partners LLC, which pioneered the Intelligent Building-as-a-Service model to accelerate the adoption of sustainability technologies and building IoT since September 2017. Ms. Cheng also served as an Independent Director for the Company from 2012 to 2015. From 1997 to 2006, Ms. Cheng was the co-founder and chairwoman of The X/Y Group, a marketing enterprise that markets and distributes global consumer brand products, including JanSport and Skechers in the greater China region. From 1995 to 1998, Ms. Cheng was a marketing director for Molten Metal Technology, a Boston-based clean energy company that developed patented technologies and offered solutions for advanced treatment and energy recycling for hazardous radioactive waste.
Ms. Cheng received a Master’s degree in Business Administration from Fairleigh Dickinson and a Bachelor’s degree in Economics and International Business from Rutgers University.
The Board of Directors believes that Ms. Cheng’s qualifications to serve as a Board member include her familiarity with the Company due to her prior service as a director and her experience with and insight into businesses focused on energy efficiency. Ms. Cheng has served as a member of the Nominating and Corporate Governance Committee since February 2019.
|
|
|
|
|
Geraldine McManus
|
62
|
2019
|
Ms. McManus has been a Managing Member of Granger Management, an independent investment business, since May 2014. Previously, she was a Managing Director in the Investment Management Division at Goldman Sachs, where she worked from February 1998 until February 2014 and helped build its Private Wealth Management business, including structuring its business model and key functions focused on ultra-high net worth individuals and family groups. Prior to joining Goldman Sachs, Ms. McManus spent six years at Merrill Lynch as a Managing Director heading the Yankee Debt Capital Markets Group, advising sovereigns, supranational and international corporations on global debt issuance and liability management. Before working at Merrill Lynch, Ms. McManus spent six years at Salomon Brothers, two years as an associate in Corporate Finance and four years as a Product Specialist in the Hedge Management/Derivatives Group.
Ms. McManus received a B.S. from Cornell University and an M.B.A. from Wharton. She serves on the Board of Trustees for The Delbarton School in Morristown, New Jersey, The Caron Foundation in Wernersville, Pennsylvania and The Jane Goodall Institute.
The Board of Directors believes that Ms. McManus’s qualifications to serve as a Board member include her experience in evaluating businesses for investment, her achievements in building organizational structures an non-profit board service. Ms. McManus has served as a member of the Audit and Finance Committee and as Chair of the Compensation Committee since April 2019 and as a member of the Nominating and Corporate Governance Committee since February 2019.
|
|
|
|
|
Michael R. Ramelot
|
73
|
2013
|
Mr. Ramelot has been a consultant since 2002 on many projects, including serving as project leader on BlackLine system implementations to enhance the financial close process of several multi-million dollar companies; serving as project leader on due diligence, accounting valuations and appraisals related to acquisitions; researching and preparing position papers for companies on complex accounting issues; preparing various SEC filings; and assessing and implementing compliance with Section 404 of Sarbanes-Oxley at several companies. Prior to becoming a consultant, Mr. Ramelot served as the President and Chief Financial Officer of Compro Packaging LLC. Mr. Ramelot received a Master’s degree in Business Administration from the University of Santa Clara and a Bachelor of Science degree in accounting from St. Mary’s College. He is a Certified Public Accountant.
The Board of Directors believes that Mr. Ramelot’s qualifications to serve as a Board member include his significant experience with financial and accounting matters and SEC compliance matters. Mr. Ramelot has been a member of the Audit and Finance Committee since September 2013 and served as its Chair from September 2013 to September 2018 and since April 2019.
|
|
|
|
|
James Tu
|
50
|
2019
|
Mr. Tu is the founder and CEO of Social Energy Partners LLC (SEP), which develops sustainability and smart building/smart city projects in the U.S., Caribbean, Southeast Asia and the Middle East. As SEP’s CEO, Mr. Tu is responsible for establishing and overseeing the implementation of the company’s business plans and strategies. He is also the Founder, Chief Executive Officer and Chief Investment Officer of 5 Elements Global Advisors, an investment advisory and management company focusing on investing in clean energy companies. Mr. Tu served as the Executive Chairman and Chief Executive Officer of the Company from May 2013 to February 2017, and as the non-Executive Chairman of the Board of Directors from December 2012 to April 2013. Previously, he served as the Director of Investment Management of Gerstein Fisher & Associates, and an equity analyst at Dolphin Asset Management Corp.
Mr. Tu received an MBA in finance from Baruch College and a B.S. in electrical engineering from Tsinghua University. A Chartered Financial Analyst (CFA) since 1997, Mr. Tu received “E&Y Entrepreneur of the Year” award for the Northeast Ohio Region in 2015.
The Board of Directors believes that Mr. Tu’s qualifications to serve as a Board member include his role as the Company’s Chief Executive Officer, as well as his experience in and advising clean energy companies.
|
•
|
appoints, compensates, evaluates and, when appropriate, replaces the Company’s independent registered public accounting firm;
|
•
|
reviews and pre-approves audit and permissible non-audit services;
|
•
|
reviews the scope of the annual audit;
|
•
|
monitors the independent registered public accounting firm’s relationship with the Company; and
|
•
|
meets with the independent registered public accounting firm and management to discuss and review the Company’s financial statements, internal controls, and auditing, accounting and financial reporting processes.
|
Name and Principal Position
|
Year
|
|
Salary
($) (1)
|
|
Bonus
($)
|
|
Option Awards
($) (2)
|
|
Stock Awards
($) (2)
|
|
Non-Equity
Incentive Plan
Compensation (3)
|
|
All Other Compensation
($) (4)
|
|
Total
($)
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Theodore L. Tewksbury, III
|
2018
|
|
459,249
|
|
—
|
|
|
—
|
|
|
409,944
|
|
—
|
|
|
2,652
|
|
871,845
|
Former Chairman, Chief Executive Officer and President (5)
|
2017
|
|
407,692
|
|
—
|
|
|
191,160
|
|
|
262,178
|
|
—
|
|
|
569
|
|
861,599
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Jerry Turin
|
2018
|
|
172,686
|
|
75,000
|
|
|
98,424
|
|
|
91,358
|
|
—
|
|
|
2,549
|
|
440,017
|
Former Chief Financial Officer and Secretary (6)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Michael H. Port
|
2018
|
|
164,227
|
|
—
|
|
|
—
|
|
|
121,934
|
|
—
|
|
|
112,493
|
|
398,654
|
Former Chief Financial Officer and Secretary (7)
|
2017
|
|
230,577
|
|
—
|
|
|
68,095
|
|
|
87,943
|
|
—
|
|
|
205
|
|
386,820
|
(1)
|
Amounts paid in 2017 and 2018 reflect adjustments to implement salary increases and the timing of payroll dates.
|
(2)
|
Under SEC rules, the values reported reflect the aggregate grant date fair values computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718 (“FASB ASC Topic 718”), to each of the Named Executive Officers in the years shown. We calculate the grant date fair value of stock option grants using the Black-Scholes option pricing model. We calculate the fair value of RSU grants based on the closing stock price on the grant date. A discussion of the assumptions used in calculating the fair value is set forth in Note 11 to the Consolidated Financial Statements contained in Item 8 of the 10-K Filing.
|
(3)
|
The amounts set forth in this column are amounts paid under the Company’s cash incentive program, which is described below under “Cash incentive plan.”
|
(4)
|
The amounts set forth in this column include Company-paid contributions for life insurance and supplemental disability policies and, with respect to Mr. Port for 2018, $111,158 paid under his separation agreement entered into with the Company.
|
(5)
|
Dr. Tewksbury served as the Chairman, Chief Executive Officer and President until the 10-K Filing on April 1, 2019.
|
(6)
|
Mr. Turin was appointed as Chief Financial Officer and Secretary on May 29, 2018 and served until the 10-K Filing on April 1, 2019.
|
(7)
|
Mr. Port served as Chief Financial Officer and Secretary from March 16, 2017 until May 29, 2018. The 2017 compensation information shown for Mr. Port includes the entire calendar year.
|
•
|
Base salaries for executive officers should be competitive.
|
•
|
A sufficient portion of annual compensation should be at risk in order to align the interests of executives with those of our stockholders.
|
•
|
The variable part of annual compensation should reflect both individual and corporate performance.
|
•
|
As a person’s level of responsibility increases, a greater portion of total compensation should be at risk and include more stock-based compensation to provide executives long-term incentives, and help to align further the interests of executives and stockholders in the enhancement of stockholder value.
|
•
|
Dr. Tewksbury’s salary was increased to $459,000 for 2018, and he was eligible to receive an annual bonus with a target payout of 100% of his base salary, based on the Company’s financial performance and his individual performance and continued employment and, on February 26, 2018, he received 165,300 RSUs.
|
•
|
Mr. Port’s salary was increased to $255,000 for 2018 and he was eligible to receive an annual bonus with a target payout of 50% of his base salary, based on the Company’s financial performance and his individual performance and continued employment and, on February 26, 2018, he received 49,167 RSUs. Mr. Port departed from the Company in August 2018, and received twelve months of continued salary and benefits, twelve months of accelerated vesting of unvested stock options and RSUs, additional vesting of a portion of his 2018 RSU grant and all stock options that had vested remain exercisable until August 15, 2019. The amounts paid to Mr. Port for 2018 include his severance benefits received under his separation agreement entered into with the Company on May 22, 2018.
|
•
|
On May 29, 2018, following Mr. Port’s departure, the Board of Directors appointed Jerry Turin to the position of Chief Financial Officer and Secretary. Mr. Turin’s salary as Chief Financial Officer was set at $300,000. Mr. Turin was also eligible to receive an annual bonus with a target payout of 50% of his base salary, based on the Company’s financial performance and his individual performance. Mr. Turin’s 2018 bonus was guaranteed to be a minimum of $75,000, provided that he remained employed with the Company through the date the bonus was paid. In addition, on July 2, 2018, Mr. Turin was granted stock options and RSUs having a total value of approximately $225,000, with 50% of the awards in RSUs (based on a 30-day average stock price) and stock options equal to 1.5 times the number of RSUs.
|
|
Incentive Payment as a % of Base Salary
(1)
|
||
Minimum
|
Target
|
Maximum
|
|
Chief Executive Officer
|
50%
|
100%
|
150%
|
Chief Financial Officer
|
25%
|
50%
|
100%
|
(1)
|
Based on the annual salary rate for the year.
|
•
|
any “person” becomes the beneficial owner, directly or indirectly, of 50% or more of the total voting power of the voting securities of the Company then outstanding and entitled to vote generally in the election of directors of the Company;
|
•
|
individuals who, as of the beginning of any 24 month period, constitute the Board cease for any reason during such 24 month period to constitute at least a majority of the Board; or
|
•
|
consummation of (A) a merger, consolidation or reorganization of the Company, in each case, following such merger, consolidation or reorganization, beneficially own, directly or indirectly, at least 35% of the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors of the entity or entities resulting from such merger, consolidation or reorganization, (B) a complete liquidation or dissolution of the Company, or (C) a sale or other disposition of all or substantially all of the assets of the Company.
|
Name
|
|
Award Grant Date
|
|
Number of Securities Underlying Unvested Restricted Stock Units (#)
|
|
|
Number of
Securities Underlying
Unexercised Options
Exercisable
(#)
|
|
Number of
Securities Underlying Unexercised Options
Un-exercisable
(#)
|
|
|
Option Exercise Price
($)
|
|
Option Expiration Date
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Theodore L. Tewksbury, III
|
|
2/27/2017
|
|
49,443
|
(1)
|
|
45,323
|
|
28,842
|
(2)
|
|
$3.43
|
|
2/27/2027
|
|
|
2/26/2018
|
|
165,300
|
(1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jerry Turin
|
|
7/2/2018
|
|
50,474
|
(1)
|
|
|
|
75,711
|
(2)
|
|
$1.81
|
|
7/2/2028
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Michael H. Port
|
|
9/17/2015
|
|
|
|
|
5,000
|
|
|
(3)
|
|
$15.08
|
|
8/15/2019
|
|
|
4/3/2017
|
|
|
|
|
22,525
|
|
|
(3)
|
|
$3.17
|
|
8/15/2019
|
(1)
|
One third vests on the first anniversary of the grant date, another one third vests on the second anniversary of the grant date, and the final one third vests on the third anniversary of the grant date. Dr. Tewksbury’s RSUs vested in full on April 1, 2019 pursuant to his separation agreement. One third of Mr. Turin’s RSUs vested and the remainder of the award terminated on April 1, 2019 pursuant to his separation agreement.
|
(2)
|
One third was to vest on the first anniversary of the grant date, and the remainder vests monthly in equal installments over the following 24-month period. The unvested portion of these options terminated on April 1, 2019 and Dr. Tewksbury’s vested options will remain exercisable for one year from the separation date under the separation agreements with each of Dr. Tewksbury and Mr. Turin.
|
(3)
|
Under the terms of Mr. Port’s separation agreement, options that were vested on his separation date from the Company remain exercisable for one year from the separation date.
|
|
|
|
|
|
|
Annual Cash Retainer
|
|
$
|
32,500
|
|
|
Restricted Stock Unit Grant
|
|
$
|
45,000
|
|
(1)
|
Additional Annual Cash Retainers:
|
|
|
|
|
|
Lead Director
|
|
$
|
20,000
|
|
|
Compensation Committee Chair
|
|
$
|
14,000
|
|
|
Compensation Committee Member
|
|
$
|
5,000
|
|
|
Audit and Finance Committee Chair
|
|
$
|
19,000
|
|
|
Audit and Finance Committee Member
|
|
$
|
7,000
|
|
|
Nominating and Corporate Governance Committee Chair
|
|
$
|
9,000
|
|
|
Nominating and Corporate Governance Committee Member
|
|
$
|
4,000
|
|
|
(1)
|
Restricted stock unit grant on the date of the Company’s annual meeting of stockholders having a value as stated above based on the fair market value of the Common Stock on such date, and vesting on the earlier of (i) the one year anniversary of the grant date or (ii) the date of the Company’s annual meeting of stockholders next following the grant date. On June 20, 2018, each of the non-employee directors received a restricted stock unit grant of 15,000 shares, which will vest on June 20, 2019. In February 2017, the Board adopted a Change in Control Benefit Plan, which provides for full vesting of RSUs held by non-employee directors upon a Change in Control (as defined in such plan).
|
|
|
|
|
|
|
Annual Cash Retainer
|
|
$
|
24,000
|
|
|
Restricted Stock Unit Grant
|
|
$
|
30,000
|
|
(1)
|
Additional Annual Cash Retainers:
|
|
|
|
|
|
Lead Director
|
|
$
|
0
|
|
|
Compensation Committee Chair
|
|
$
|
14,000
|
|
|
Compensation Committee Member
|
|
$
|
5,000
|
|
|
Audit and Finance Committee Chair
|
|
$
|
19,000
|
|
|
Audit and Finance Committee Member
|
|
$
|
7,000
|
|
|
Nominating and Corporate Governance Committee Chair
|
|
$
|
9,000
|
|
|
Nominating and Corporate Governance Committee Member
|
|
$
|
4,000
|
|
|
(1)
|
Restricted stock unit grant on the date of the Company’s annual meeting of stockholders having a value as stated above based on the fair market value of the Common Stock on such date, and vesting on the earlier of (i) the one year anniversary of the grant date or (ii) the date of the Company’s annual meeting of stockholders next following the grant date.
|
Name
|
|
Fees Earned or Paid in
Cash ($)
|
|
Stock Awards ($) (1)
|
|
Option Awards
($) (2)
|
|
Total ($)
|
||||
|
|
|
|
|
|
|
|
|
||||
Ronald D. Black (3)
|
|
61,500
|
|
|
33,300
|
|
|
—
|
|
|
94,800
|
|
William F. Cohen (4)
|
|
26,202
|
|
|
—
|
|
|
—
|
|
|
26,202
|
|
Glenda M. Dorchak (3)
|
|
57,500
|
|
|
33,300
|
|
|
—
|
|
|
90,800
|
|
Marc J. Eisenberg (3)
|
|
47,891
|
|
|
33,300
|
|
|
—
|
|
|
81,191
|
|
Michael R. Ramelot
|
|
51,500
|
|
|
33,300
|
|
|
—
|
|
|
84,800
|
|
Satish Rishi (3)
|
|
18,122
|
|
|
41,191
|
|
|
—
|
|
|
59,313
|
|
(1)
|
Represents RSUs, which were to vest on June 15, 2019 and be settled in Common Stock. The grant date fair value is calculated based on the closing price of the stock on the grant date. Each of Dr. Black, Messrs. Eisenberg, Ramelot, and Rishi and Ms. Dorchak held 15,000 unvested RSUs as of December 31, 2018.
|
(2)
|
The number of outstanding options held by each non-employee director as of December 31, 2018 was as follows: Mr. Cohen - 10,000 and Mr. Ramelot - 15,000. With respect to Mr. Cohen, the vested options are exercisable until June 20, 2019.
|
(3)
|
Dr. Black and Messrs. Eisenberg and Rishi resigned from the Board effective as of the 10-K filing. Ms. Dorchak resigned from the Board as of February 21, 2019. Their unvested RSUs vested as of their respective resignation dates.
|
(4)
|
Mr. Cohen’s term as director ended on June 20, 2018, the date of the 2018 Annual Meeting, as he did not stand for re-election to another term.
|
|
|
Shares Beneficially Owned
|
|||||
|
|
|
|
|
Percent of
Outstanding
Common
Stock (1)
|
||
|
|
|
|
|
|||
Name and Address
|
|
|
|
|
|||
5% Stockholders
|
|
|
|
|
|
||
Schedule 13D Parties
|
|
2,126,848
|
|
(2)
|
|
17.2
|
%
|
1 Bridge Plaza North, #275
|
|
|
|
|
|
||
Fort Lee, NJ 07024
|
|
|
|
|
|
||
|
|
|
|
|
|
||
William F. Cohen
|
|
673,622
|
|
(3)
|
|
5.5
|
%
|
53 East 34th Street
|
|
|
|
|
|
||
Pine Brook, NJ 07514
|
|
|
|
|
|
||
|
|
|
|
|
|
||
Current Directors and Named Executive Officers
|
|
|
|
|
|
||
Jennifer Cheng
|
|
8,290
|
|
(4)
|
|
*
|
|
Geraldine F. McManus
|
|
8,290
|
|
(5)
|
|
*
|
|
Michael H. Port
|
|
67,090
|
|
(6)
|
|
*
|
|
Michael R. Ramelot
|
|
62,927
|
|
(7)
|
|
*
|
|
Theodore L. Tewksbury III
|
|
231,550
|
|
(8)
|
|
1.9
|
%
|
Jerry Turin
|
|
18,064
|
|
|
|
*
|
|
James Tu
|
|
2,126,848
|
|
(2)
|
|
17.2
|
%
|
|
|
|
|
|
|
||
All Current Directors and Executive Officers as a Group
|
|
2,206,355
|
|
(9)
|
|
17.9
|
%
|
(1)
|
Based on 12,330,528 shares of Common Stock outstanding as of April 17, 2019. In addition, shares of Common Stock issuable pursuant to options that are currently exercisable, or may become exercisable within 60 days of April 17, 2019, or pursuant to RSUs scheduled to vest within 60 days of April 17, 2019, are included in the reported beneficial holdings of the individual owning such options or RSUs. These shares of Common Stock have been treated as outstanding in calculating the percentage ownership of the individual possessing such interest, but not for any other individual.
|
(2)
|
The information in the table and this footnote is based on information contained in Amendment 2 to a Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) by Gina Huang, Brilliant Start Enterprise, Inc., Jag International Ltd., Jiangang Luo, Cleantech Global Ltd., James Tu, 5 Elements Global Fund L.P., Yeh-Mei Hui Cheng, Communal International, Ltd., and 5 Elements Energy Efficiency Limited (collectively, the “Schedule 13D Parties”) on April 3, 2019. The Schedule 13D Parties are deemed to be a “group” under Section 13(d)(3) of the Exchange Act of 1934, as amended, and Rule 13d-5 promulgated thereunder, and report shared voting power with each other with respect to the Common Stock shown in the table. The Schedule 13D Parties have the following ownership interests:
|
(3)
|
Based upon a Schedule 13D filed with the SEC by William Cohen and Costar Partners II, LLC on December 19, 2017. Mr. Cohen holds sole voting and dispositive power over 673,622 shares of Common Stock. Such shares include options to purchase 10,000 shares of Common Stock.
|
(4)
|
Includes 8,290 RSUs scheduled to vest within 60 days of April 17, 2019.
|
(5)
|
Includes 8,290 RSUs scheduled to vest within 60 days of April 17, 2019.
|
(6)
|
Mr. Port’s employment with the Company terminated on August 15, 2018 and the information presented is as of such date. Includes 27,525 options currently exercisable until August 15, 2019.
|
(7)
|
Includes 15,000 RSUs scheduled to vest within 60 days of April 17, 2019 and 15,000 options currently exercisable.
|
(8)
|
Includes 51,503 options currently exercisable until April 1, 2020.
|
(9)
|
Includes 31,580 shares of Common Stock issuable pursuant to RSUs scheduled to vest within 60 days of April 17, 2019. Does not include shares beneficially owned by Mr. Port, Dr. Tewksbury, or Mr. Turin.
|
•
|
Gina Huang (“Ms. Huang”), who:
|
◦
|
is the Chairperson of Brilliant Start Enterprise, Inc. (“Brilliant Start”) and the sole owner of Jag International, Ltd. (“Jag”);
|
◦
|
has voting and dispositive power over the Common Stock beneficially owned by Brilliant Start and Jag;
|
•
|
Jiangang Luo (“Mr. Luo”), who is the Managing Partner of Cleantech Global Ltd. (“Cleantech”), and a former member of the Board;
|
•
|
James Tu (“Mr. Tu”), who is now the Company’s Chairman, Chief Executive Officer, President and interim Chief Financial Officer and member of the Board and previously served as Chairman, Chief Executive Officer and President of the Company and a member of the Company’s Board from December 18, 2012 until his resignation from such positions on February 19, 2017:
|
◦
|
has voting and dispositive power over the Common Stock held by 5 Elements Global Fund L.P. (“Global Fund”);
|
◦
|
is a Co-Founder and 50% owner of Communal International, Ltd. (“Communal”), which has 50% ownership interest in Energy Efficiency (defined below);
|
•
|
Yeh-Mei Hui Cheng (“Ms. Cheng”), who:
|
◦
|
is the general partner and controlling partner of Energy Efficiency (defined below);
|
◦
|
owns 50% of Energy Efficiency;
|
◦
|
is Co-Founder and 50% owner of Communal, which owns the other 50% of Energy Efficiency; and
|
◦
|
is the mother of Jennifer Cheng, a current member of the Board;
|
•
|
Communal, which holds 50% ownership interest in Energy Efficiency; and
|
•
|
5 Elements Energy Efficiency Limited (“Energy Efficiency”), which is owned 50% by Ms. Cheng and 50% by Communal.
|
|
Year Ended December 31,
|
||||||
|
2018
|
|
2017
|
||||
Audit Fees
|
$
|
327,500
|
|
|
$
|
304,100
|
|
Audit-Related Fees
|
-
|
|
|
-
|
|
||
Tax Fees
|
-
|
|
|
-
|
|
||
All Other Fees
|
-
|
|
|
-
|
|
||
Total Fees
|
$
|
327,500
|
|
|
$
|
304,100
|
|
|
ENERGY FOCUS, INC.
|
||
|
By:
|
|
/s/ James Tu
|
|
|
|
James Tu
|
|
|
|
Chairman, Chief Executive Officer and President and Interim Chief Financial Officer
Date: April 30, 2019
|
Exhibit Number
|
Description of Documents
|
|
|
31.1
|
1 Year Energy Focus Chart |
1 Month Energy Focus Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions