We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
iSun Inc | NASDAQ:ISUN | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0002 | -0.15% | 0.1328 | 0.1328 | 0.133 | 1,972 | 10:37:11 |
Filed by the Registrant ☒
|
| |
|
Filed by a Party other than the Registrant ☐
|
| |
|
☐
|
Preliminary Proxy Statement
|
☐
|
Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e) (2))
|
☒
|
Definitive Proxy Statement
|
☐
|
Definitive Additional Materials
|
☐
|
Soliciting Material Pursuant to §240.14a-12
|
iSun, Inc.
|
(Name of Registrant as Specified In Its Charter)
|
|
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
|
☒
|
| |
No fee required.
|
|||
☐
|
| |
Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
|
|||
|
| |
1)
|
| |
Title of each class of securities to which transaction applies: N/A
|
|
| |
|
| |
|
|
| |
2)
|
| |
Aggregate number of securities to which transaction applies: N/A
|
|
| |
|
| |
|
|
| |
3)
|
| |
Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): N/A
|
|
| |
|
| |
|
|
| |
4)
|
| |
Proposed maximum aggregate value of transaction: N/A
|
|
| |
|
| |
|
|
| |
5)
|
| |
Total fee paid:
|
|
| |
|
| |
|
☐
|
| |
Fee paid previously with preliminary materials.
|
|||
☐
|
| |
Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
|
|||
|
| |
1)
|
| |
Amount Previously Paid:
|
|
| |
|
| |
N/A
|
|
| |
2)
|
| |
Form, Schedule or Registration Statement No.:
|
|
| |
|
| |
N/A
|
|
| |
3)
|
| |
Filing Party:
|
|
| |
|
| |
N/A
|
|
| |
4)
|
| |
Date Filed:
|
|
| |
|
| |
N/A
|
1.
|
The iSun, Inc. 2020 Equity Incentive Plan, as amended. To vote on a proposal to approve the iSun, Inc. 2020 Equity Incentive Plan, as amended (the “Equity Incentive Plan”) (the “iSun 2020 Equity Incentive Plan Proposal”). A copy of the Equity Incentive Plan is attached hereto as Annex A.
|
•
|
“FOR” the iSun 2020 Equity Incentive Plan Proposal
|
|
| |
By Order of the Board of Directors,
February 2, 2021
|
|
| |
|
|
| |
/s/ Michael D’Amato
|
|
| |
Corporate Secretary
|
1.
|
The iSun 2020 Equity Incentive Plan Proposal
|
•
|
To submit your proxy via the Internet, go to the website specified on your iSun Proxy Card. Have your iSun Proxy Card in hand when you access the website and follow the instructions to vote your shares.
|
•
|
If you submit a proxy to vote your shares via the Internet or by telephone, you must do so no later than 11:59 P.M. on February 24, 2021.
|
•
|
To submit your proxy by mail, simply mark, sign and date your iSun Proxy Card and return it in the pre-paid envelope that has been provided, or in an envelope addressed to: Vote Processing, c/o Broadridge 51 Mercedes Way, Edgewood, NY 11717.
|
•
|
If you submit a proxy to vote your shares by mail, your iSun Proxy Card must be received no later than 11:59 P.M. on February 24, 2021.
|
•
|
By delivering to iSun’s Corporate Secretary (at iSun’s executive offices at 400 Avenue D, Suite 10, Williston, Vermont 05495) a signed written notice of revocation bearing a later date than the proxy, stating that the proxy is revoked, which revocation is received prior to the proxy’s exercise at the iSun Special Meeting;
|
•
|
By duly executing a subsequently dated proxy relating to the same shares of iSun Common Stock and delivering it to iSun’s Corporate Secretary at the address in the bullet point above, which subsequent proxy is received before the prior proxy is exercised at the iSun Special Meeting;
|
•
|
By duly submitting a subsequently dated proxy relating to the same shares of iSun Common Stock by telephone or via the Internet (i.e., your most recent duly submitted voting instructions will be followed) before 11:59 P.M. on February 24, 2020; or
|
•
|
By attending the iSun Special Meeting and voting such shares during the iSun Special Meeting as described above, although attendance at the iSun Special Meeting will not, by itself, revoke a proxy.
|
•
|
the adjournment is for more than 30 days, in which case a notice of the adjourned meeting will be given to each iSun stockholder of record entitled to vote at the iSun Special Meeting; or
|
•
|
if, after the adjournment, a new Record Date for determination of iSun stockholders entitled to vote is fixed for the adjourned meeting, in which case the iSun Board will fix as the Record Date for determining iSun stockholders entitled to notice of such adjourned meeting the same or an earlier date as that fixed for determination of iSun stockholders entitled to vote at the adjourned meeting, and will give notice of the adjourned meeting to each iSun stockholder of record as of such record date.
|
•
|
Base salary and benefits are designed to attract and retain employees over time.
|
•
|
Incentive compensation awards are designed to focus employees on the business objectives for a particular year.
|
•
|
Equity incentive awards, such as stock options and non-vested stock, focus executives’ efforts on the behaviors within the recipients’ control that they believe are designed to ensure iSun’s long-term success as reflected in increases to iSun’s stock prices over a period of several years, growth in iSun’s profitability and other elements.
|
•
|
Severance and change in control plans are designed to facilitate a company’s ability to attract and retain executives as iSun competes for talented employees in a marketplace where such protections are commonly offered. iSun currently has not given separation benefits to any of its Name Executive Officers.
|
Name and Principal Position
|
| |
Year
|
| |
Salary
($)
|
| |
Bonus
($)
|
| |
Stock
Awards
($)
|
| |
Non-Equity
Incentive Plan
Compensation
($)
|
| |
All Other
Compensation
($)(1)
|
| |
Total
($)
|
Jeffrey Peck
|
| |
2020
|
| |
$393,372
|
| |
$78,847
|
| |
$—
|
| |
—
|
| |
$—
|
| |
$472,219
|
Chief Executive Officer, President and Chairman
|
| |
2019
|
| |
$299,600
|
| |
$80,538
|
| |
$—
|
| |
—
|
| |
$—
|
| |
$380,138
|
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
Fred Myrick
|
| |
2020
|
| |
$346,461
|
| |
$79,066
|
| |
$—
|
| |
—
|
| |
$—
|
| |
$425,527
|
EVP of Solar
|
| |
2019
|
| |
$299,600
|
| |
$80,967
|
| |
$—
|
| |
—
|
| |
$—
|
| |
$380,567
|
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
John Sullivan
|
| |
2020
|
| |
$167,453
|
| |
$44,870
|
| |
$—
|
| |
—
|
| |
$—
|
| |
$212,323
|
Chief Financial Officer
|
| |
2019
|
| |
$52,308
|
| |
$36,527
|
| |
$—
|
| |
—
|
| |
$—
|
| |
$88,635
|
Name and Address of Beneficial Owner(1)
|
| |
Shares of
Common
Stock
|
| |
Percentage
Owned
|
5% or greater stockholders
|
| |
|
| |
|
Mooers Partners, LLC
240 South Pineapple Ave., Suite 701
Sarasota, FL
|
| |
310,976(2)
|
| |
5.85%
|
Branton Partners, LLC
240 South Pineapple Ave.,
Suite 701
Sarasota, FL
|
| |
310,976(3)
|
| |
5.85%
|
|
| |
|
| |
|
Directors and executive officers
|
| |
|
| |
|
Jeffrey Peck
|
| |
2,426,235(4)
|
| |
45.07%
|
John Sullivan
|
| |
39,667(5)
|
| |
*
|
Frederick Myrick, Jr.
|
| |
703,487(6)
|
| |
13.14%
|
Daniel Dus
|
| |
—
|
| |
*
|
Stewart Martin
|
| |
4,000
|
| |
*
|
Michael d’Amato
|
| |
242,965(7)
|
| |
4.54%
|
All officers and directors as a group (6 persons)
|
| |
3,416,354
|
| |
62.07%
|
*
|
Less than 1%
|
(1)
|
Unless otherwise indicated, the business address of each of the stockholders is 400 Avenue D, Suite 10, Williston Vermont, VT 05495.
|
(2)
|
The shares of Common Stock held by Mooers Partners, LLC are subject to a Voting Agreement dated June 20, 2019 among iSun, Jeffrey Peck, Mooers Partners, LLC and certain other parties, pursuant to which Mr. Peck has sole voting power of all such shares held by Mooers Partners, LLC. Mooers Partners, LLC has retained an economic interest in such shares.
|
(3)
|
The shares of Common Stock held by Branton Partners, LLC are subject to a Voting Agreement dated June 20, 2019, between iSun, Jeffrey Peck, Branton Partners, LLC and certain other parties pursuant to which Mr. Peck has sole voting power of all such shares held by Branton Partners, LLC. Branton Partners, LLC has retained an economic interest in such shares.
|
(4)
|
Includes 27,333 shares of Common Stock issued to Mr Peck and options to acquire 43,333 shares of Common Stock, each of which were granted to Mr. Peck pursuant to the Company’s Equity Incentive Plan. Pursuant to a Voting Agreement dated June 20, 2019, between iSun and Mr. Peck and certain other parties, Mr. Peck has sole voting power over an aggregate of 948,595 shares held by the following iSun stockholders including 310,976 shares of Common Stock held by Mooers Partners, LLC (as indicated in footnote (2) above), 310,976 shares of Common Stock held by Branton Partners, LLC (as indicated in footnote 3 above), 213,318 shares of Common Stock held by Veroma, LLC, 90,660 shares of Common Stock held by Corundum, AB and 22,665 shares of Common Stock held by Joseph Bobier.
|
(5)
|
Includes 25,667 shares of Common Stock issued to Mr. Sullivan and options to acquire 14,000 shares of Common Stock, each of which were granted to Mr. Sullivan pursuant to the Company’s Equity Incentive Plan.
|
(6)
|
Includes 18,667 shares of Common Stock issued to Mr. Myrick and options to acquire 21,667 shares of Common Stock each of which were granted to Mr. Myrick under the Company’s Equity Incentive Plan. An aggregate of 678,487 of these shares are held by The Mykilore Trust of which Mr. Myrick is a trustee.
|
(7)
|
Includes 18,667 shares of Common Stock issued to Mr. d’Amato and options to acquire 21,667 shares of Common Stock, each of which were granted to Mr. d’Amato pursuant to the Company’s Equity Incentive Plan.
|
•
|
Options and Stock Appreciation Rights. The maximum number of shares of Common Stock subject to Options granted and shares of Common Stock subject to Stock Appreciation Rights granted in any one calendar year to any one Participant is, in the aggregate, 200,000 shares, subject to adjustment for certain corporate events.
|
•
|
Restricted Stock Awards and Restricted Stock Units. The maximum grant with respect restricted stock awards and restricted stock units in any one calendar year to any one Participant is, in the aggregate, 100,000 shares, subject to adjustment for certain corporate events.
|
•
|
not earlier than March 1, 2021; and
|
•
|
not later than the close of business on March 31, 2021.
|
1 Year iSun Chart |
1 Month iSun 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