Welcome to our dedicated page for ORION ENERGY SYSTEMS SEC filings (Ticker: OESX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Orion Energy Systems, Inc. filings document the company's public-company disclosures for an operating business in LED lighting, EV charging infrastructure, maintenance services and energy project work. Recent Form 8-K reports furnish operating and financial results, revenue outlook updates, material-event disclosures and exhibits tied to press releases.
The filing record also covers capital-structure activity, including common stock sold under an underwriting agreement and shelf registration statement, as well as material agreements, governance matters, shareholder voting matters and executive compensation arrangements. These disclosures describe Orion's no-par-value common stock, Nasdaq Capital Market listing, corporate governance actions and financing arrangements.
ORION ENERGY SYSTEMS, INC. (OESX) director Heather L. Wishart-Smith purchased 1,054 shares of Common Stock on 2026-08-20 at $18.9635 per share in an open market or private transaction. Following this trade, she holds 11,405 shares directly and 1,602 shares indirectly through the Heather Lyn Wishart-Smith Trust.
Wishart-Smith Heather L reported acquisition or exercise transactions in this Form 4 filing.
Orion Energy Systems director Heather L. Wishart-Smith received a grant of 2,532 shares of restricted common stock on August 11, 2026 under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan, at a stated price of $0.0000 per share as an award. The restricted stock vests and becomes exercisable in three equal installments, with one-third vesting on each of August 11, 2027, 2028, and 2029.
After this grant, direct beneficial ownership stands at 10,351 shares of common stock. In addition, 1,602 shares are held indirectly by the Heather Lyn Wishart-Smith Trust. The company previously effected a 1-for-10 reverse stock split on August 22, 2025, which reduced the reporting person’s beneficial ownership by 70,379 shares held directly and 14,423 shares held indirectly.
ORION ENERGY SYSTEMS, INC. disclosed equity awards to Chief Executive Officer Sally A. Washlow. She received 25,000 stock options to buy common stock at an exercise price of $19.75 per share, expiring on August 11, 2036, which become exercisable in three equal increments only if specified average closing price hurdles of $30.00, $40.00 and $50.00 are met while she remains employed. She also received 12,000 shares of restricted stock that vest one-third on each of August 11, 2027, 2028 and 2029. Following these grants, she directly holds 61,259 shares of common stock and has an existing option position covering 50,000 shares at an exercise price of $6.00 per share, plus 100 shares held indirectly by her spouse.
Shapiro Richard A reported acquisition or exercise transactions in this Form 4 filing.
Orion Energy Systems director Richard A. Shapiro received a grant of 2,532 shares of restricted common stock on August 11, 2026 under the 2016 Omnibus Incentive Plan. The restricted stock vests in three equal installments on August 11, 2027, 2028 and 2029. Following this grant, he directly holds 9,219 shares of common stock. A prior 1-for-10 reverse stock split effective August 22, 2025 reduced his direct beneficial ownership by 60,191 shares.
Orion Energy Systems director Ellen B. Richstone received a grant of 2,532 shares of restricted common stock on August 11, 2026 under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan. The award vests in three equal installments on August 11 of 2027, 2028, and 2029. Following this grant, Richstone directly beneficially owns 35,897 shares of common stock.
A prior 1-for-10 reverse stock split on August 22, 2025 had reduced her directly held common shares by 300,293 shares through automatic conversion.
Otten Anthony L. reported acquisition or exercise transactions in this Form 4 filing.
ORION ENERGY SYSTEMS, INC. director Anthony L. Otten received a grant of 2,532 shares of restricted common stock on August 11, 2026 under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan. Following this equity award, he directly holds 25,973 shares of common stock.
The restricted stock vests in three equal installments, with 1/3 of the shares vesting on each of August 11, 2027, 2028, and 2029. A prior 1-for-10 reverse stock split on August 22, 2025 reduced his directly held shares by 210,971.
ORION ENERGY SYSTEMS, INC. reported that President and COO Scott A. Green received equity awards on August 11, 2026. He was granted 17,500 stock options to buy common stock at an exercise price of $19.75 per share, expiring on August 11, 2036, which become exercisable in three equal increments only if specified stock price performance hurdles of $30.00, $40.00 and $50.00 are achieved while he remains employed. He also received 9,000 shares of restricted stock, vesting in three equal installments on August 11, 2027, 2028 and 2029, and his directly held common stock position after the grant is 129,678 shares. A prior option grant remains outstanding, giving rights over 12,500 underlying shares at an exercise price of $6.00 per share, adjusted for a prior 1-for-10 reverse stock split.
Orion Energy Systems EVP, CFO, CAO & Treasurer J. Per Brodin reported equity compensation changes. He received a grant of 9,000 shares of restricted common stock, vesting in three equal installments on August 11 of 2027, 2028 and 2029, and stock options for 17,500 shares at an exercise price of $19.75 per share expiring August 11, 2036. The new options vest in three equal increments only if the average closing sale price of the common stock meets $30.00, $40.00 and $50.00 hurdles for five consecutive trading days within three calendar years after the grant, and if he remains employed through each vesting date. Common stock holdings after these grants total 85,263 shares, reflecting the forfeiture of 16,548 performance shares whose performance conditions were not met. Brodin also continues to hold a prior option, granted July 18, 2025, covering an underlying 12,500 shares at an exercise price of $6.00, with similar stock-price and service-based vesting conditions and an expiration date of July 17, 2035.
Orion Energy Systems, Inc. held its 2026 Annual Meeting on August 6, 2026. Shareholders approved an amended and restated 2016 Omnibus Incentive Plan, increasing common shares available for issuance from 600,000 to 900,000, an increase of 300,000, and extending the plan term to the tenth anniversary of the 2026 meeting. The amendment also sets an annual limit of $500,000 in combined director awards and cash fees.
As of the June 10, 2026 record date, 4,056,568 shares were outstanding and entitled to vote, with approximately 70% represented. Shareholders elected Richard A. Shapiro and Heather L. Wishart-Smith as Class I directors, approved say-on-pay and the Amended 2016 Plan, and ratified BDO USA, P.C. as independent auditor for fiscal 2027, each by the stated majorities of votes cast.
Orion Energy Systems delivered a strong quarter for the three months ended June 30, 2026, with total revenue up 31.5% to $25.7 million and a shift from a $1.2 million net loss to $2.0 million net income, or $0.47 diluted EPS. Product revenue grew 5.2% while higher-margin service revenue nearly doubled, lifting gross margin to 34.6% from 30.1%.
All three segments contributed: lighting revenue rose 37.1% with a 14.6% operating margin, maintenance revenue increased modestly but expanded margin to 10.9%, and the EV segment grew 47.6%, moving from an operating loss to a 3.6% margin. Cash from operations was $1.4 million, raising cash to $5.2 million and working capital to $13.7 million, while total debt was $6.5 million under a $25.0 million credit facility maturing in 2030. Backlog stood at $23.7 million, below the March 31, 2026 level of $30.1 million, and one customer accounted for 38.1% of revenue and 30.9% of accounts receivable, highlighting ongoing customer concentration risk. Management indicates existing liquidity and credit availability are expected to cover capital needs for at least the next 12 months.