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SolarEdge (SEDG) pays NIS 279,000 bonus to departing CFO after transition

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

SolarEdge Technologies, Inc. disclosed a compensation decision related to its departing Chief Financial Officer, Asaf Alperovitz. He stepped down as CFO effective May 31, 2026 and continued in a transitional role through June 9, 2026.

On June 22, 2026, the company’s Compensation Committee approved a special cash bonus of NIS 279,000, equal to two months of his base salary. The bonus recognizes what the company described as his excellent performance, strong commitment, and professionalism during the transition period.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Special bonus amount NIS 279,000 Cash bonus approved June 22, 2026 for departing CFO
Bonus equivalence Two months’ base salary Represents portion of CFO Asaf Alperovitz’s base pay
CFO role end date May 31, 2026 Date Asaf Alperovitz ceased serving as CFO
Transition period end June 9, 2026 Date through which he remained in transitional capacity
Compensation Committee financial
"On June 22, 2026, the Compensation Committee of the Board of Directors of the Company approved a special cash bonus"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
special cash bonus financial
"approved a special cash bonus of NIS 279,000 (representing two months’ worth of Mr. Alperovitz’s base salary)"
Emerging growth company regulatory
"Emerging growth company Item 5.02. Departure of Directors or Certain Officers"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Item 5.02 regulatory
"Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers"
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Understanding 8-K Material Events →
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported):  June 22, 2026
 
 
SOLAREDGE TECHNOLOGIES, INC
(Exact name of registrant as specified in its charter)
 
 
Delaware
 
001-36894
 
20-5338862
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
1 Hamada Street, Herziliya Pituach, Israel
 
4673335
(Address of Principal executive offices)
 
(Zip Code)

Registrant’s Telephone number, including area code: 972 (9) 957-6620
 
Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2 below):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common stock, par value $0.0001 per share
 SEDG
Nasdaq (Global Select Market)
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company          ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.          ☐
 

Item 5.02.      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As previously reported on a Current Report on Form 8-K filed with the Securities and Exchange Commission on March 10, 2026, Mr. Asaf Alperovitz notified the Company of his decision to step down as Chief Financial Officer. Mr. Alperovitz subsequently ceased to serve in such role effective May 31, 2026, and remained with the Company in a transitional capacity through June 9, 2026.
 
On June 22, 2026, the Compensation Committee of the Board of Directors of the Company approved a special cash bonus of NIS 279,000 (representing two months’ worth of Mr. Alperovitz’s base salary) to Mr. Alperovitz, in recognition of his excellent performance, high level of commitment, and professionalism demonstrated during his transition period.
 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
SOLAREDGE TECHNOLOGIES, INC.
   
Date: June 25, 2026
By: 
 /s/ Dalia Litay
 
Name:
Dalia Litay
Title:
Chief Legal Officer

Source: View Original Filing on SEC EDGAR

FAQ

What did SolarEdge (SEDG) announce regarding its former CFO’s compensation?

SolarEdge approved a special cash bonus of NIS 279,000 for former CFO Asaf Alperovitz. The Compensation Committee granted this amount, equal to two months of his base salary, recognizing his performance, commitment, and professionalism during the CFO transition period.

When did SolarEdge CFO Asaf Alperovitz step down from his role?

Asaf Alperovitz ceased serving as SolarEdge’s Chief Financial Officer on May 31, 2026. He then remained with the company in a transitional capacity through June 9, 2026, helping support continuity and handover of responsibilities during the leadership change.

How large is the special bonus granted to SolarEdge’s former CFO?

The special bonus granted to former CFO Asaf Alperovitz is NIS 279,000. SolarEdge states this amount represents two months of his base salary and was awarded in recognition of his contributions and conduct during the transition period after stepping down as CFO.

Who approved the special bonus for SolarEdge’s former CFO Asaf Alperovitz?

The special bonus for former CFO Asaf Alperovitz was approved by SolarEdge’s Compensation Committee. On June 22, 2026, the committee authorized the NIS 279,000 cash payment in recognition of his excellent performance and professionalism during his transitional service.

Why did SolarEdge grant a special bonus to its departing CFO?

SolarEdge granted the special bonus to recognize Asaf Alperovitz’s excellent performance, high level of commitment, and professionalism. The company specifically tied the award to his conduct and contributions during the transition period following his decision to step down as Chief Financial Officer.

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