SolarEdge (NASDAQ: SEDG) hires Maoz Sigron as CFO with PSU and RSU awards
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
SolarEdge Technologies announced a planned CFO transition. Current CFO Asaf Alperovitz will step down effective May 31, 2026 and remain through June 9, 2026 in a transitional role. The Board appointed Maoz Sigron as Chief Financial Officer and principal accounting officer, effective May 31, 2026.
Sigron brings over 20 years of financial and operational experience, including senior roles at Perion Network, Allot, Tnuva and Stratasys. His employment terms include a monthly base salary of 130,000 NIS (temporarily reduced by 10% until certain financial goals are met), a target annual bonus equal to 75% of his non-reduced annual base salary, and initial equity grants.
The equity package consists of time-based RSUs valued at approximately $700,000, vesting 25% on May 31, 2027 and quarterly thereafter, plus PSUs with a target value of approximately $700,000 that can vest up to 200% of target after a three-year performance period ending in January 2029, based on total shareholder return relative to companies in the Solar Index. The agreement includes a 90-day notice period for termination without cause and full acceleration of outstanding equity if he is terminated without cause or resigns for justifiable reason within 12 months following a change of control.
Positive
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Negative
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Insights
SolarEdge discloses an orderly CFO transition with a performance-linked pay package.
SolarEdge is shifting from outgoing CFO Asaf Alperovitz to incoming CFO Maoz Sigron on May 31, 2026, with a short overlap through June 9, 2026. This overlap, plus a clearly defined appointment as principal accounting officer, points to a structured handover rather than an abrupt departure.
Sigron’s compensation emphasizes alignment with shareholders. Beyond a 130,000 NIS monthly salary and 75% target bonus, he receives RSUs and PSUs totaling about $1.4M in target value. PSU vesting up to 200% is tied to relative total shareholder return against the Solar Index through January 2029, directly linking upside to long-term market performance.
Protections such as a 90-day notice period and full equity acceleration upon qualifying terminations within 12 months of a change of control are typical for senior executives. Overall, the event is meaningful from a leadership perspective but does not, by itself, indicate a shift in the company’s financial outlook; future filings will show how Sigron influences execution over time.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
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.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
CFO monthly base salary: 130,000 NIS per month
Temporary salary reduction: 10%
Target annual bonus: 75% of non-reduced annual salary
+5 more
8 metrics
CFO monthly base salary
130,000 NIS per month
Base salary for Maoz Sigron as CFO
Temporary salary reduction
10%
Salary cut until certain financial performance goals are met
Target annual bonus
75% of non-reduced annual salary
Bonus opportunity for new CFO
Initial RSU grant value
Approximately $700,000
Time-based equity for CFO, vesting from May 31, 2027
Initial PSU target value
Approximately $700,000
Performance-based equity tied to relative TSR
Maximum PSU vesting
Up to 200% of target
Based on TSR vs Solar Index through January 2029
Notice period for termination without cause
90 days
Termination notice under CFO employment agreement
Change of control protection window
12 months
Period after change of control for full equity acceleration
Key Terms
performance stock units, total shareholder return, Change of Control, Justifiable Reason, +2 more
6 terms
performance stock units financial
"and (b) performance stock units (“PSUs”) with a target value of approximately $700,000"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Change of Control financial
"within 12 months of a Change of Control (as defined therein), all outstanding equity awards"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Justifiable Reason financial
"by the Company without Cause or by Mr. Sigron for Justifiable Reason (as defined therein)"
Solar Index financial
"compared to the TSR of companies listed in the Solar Index"
Safe Harbor Statement regulatory
"Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995"
A safe harbor statement is a disclaimer that companies include in their public disclosures to limit legal liability if future results differ from what was forecasted or expected. It acts like a protective shield, helping companies avoid lawsuits if their predictions don’t come true, and gives investors a clearer understanding that certain statements are forward-looking and involve risks.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 9, 2026
(Exact name of registrant as specified in its charter)
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Identification No.)
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Registrant’s Telephone number, including area code: 972 (9 ) 957-6620
Not Applicable
(Former name or former address, if changed since last report.)
Securities registered pursuant to Section 12(b) of the Act:
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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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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.
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As previously reported on a Current Report on Form 8-K filed with the Securities and Exchange Commission on March 10, 2026, on that
day Mr. Asaf Alperovitz, our Chief Financial Officer, notified SolarEdge Technologies, Inc. (the “Company”) of his intent to step down from his role as Chief Financial Officer to pursue another professional opportunity outside of the industry. As
approved by the Board of Directors of the Company (the “Board” or “Board of Directors”) on May 9, 2026, Mr. Alperovitz will cease to serve as Chief Financial Officer effective May 31, 2026, and will remain with the Company in a transitional
capacity through June 9, 2026, to support an orderly transition of responsibilities.
On May 9, 2026, the Board of Directors of the Company
appointed Mr. Maoz Sigron, as the Chief Financial Officer of the Company (“CFO”), effective as of May 31, 2026. In his role as CFO, Mr. Sigron will also act as the Company’s principal accounting officer (“PAO”).
Mr. Sigron, 48, has over 20 years of financial and operational experience across global organizations, with a strong track record in
governance, M&A, capital markets, budgeting and operational discipline in companies listed on the Nasdaq Stock Market (“Nasdaq”) and the Tel Aviv Stock Exchange (“TASE”). Most recently, between 2018 and 2024, he served as Chief Financial
Officer of Perion Network Ltd. (Nasdaq & TASE: PERI) (“Perion”), and from 2024 to 2025 he served as Chief Operating Officer of Perion. Earlier in his career, Mr. Sigron held senior finance leadership positions at Allot Ltd. (Nasdaq and TASE:
ALLT), Tnuva Food Industries Ltd., and Stratasys Ltd. (Nasdaq: SSYS). Throughout his career, Mr. Sigron has succeeded in driving strategic
business transformation, raising capital on NASDAQ through equity offerings, directing M&A processes for several strategic acquisitions, achieving substantial operational efficiencies, and supporting complex, multi-market operations. He holds a
BA in Accounting and Business Management from The College of Management Academic Studies.
In connection with his appointment as CFO, on May 10, 2026, Mr. Sigron entered into an employment agreement, pursuant to which he will
receive: (i) a salary of 130,000 NIS per month (subject to a 10% reduction until certain Company financial performance goals are met), (ii) a target annual bonus of 75% of his non-reduced annual base salary, pro-rated for the initial year of
employment, (iii) an initial equity grant of (a) restricted stock units with a value of approximately $700,000, vesting as to 25% on May 31, 2027, and in 12 quarterly installments thereafter, and (b) performance stock units (“PSUs”) with a target
value of approximately $700,000, which will vest up to 200% of target following the three-year performance period ending in January 2029, based on the Company’s total shareholder return (“TSR”) compared to the TSR of companies listed in the Solar
Index, and (iv) participation in the Company’s benefit plans and perquisites available to similarly situated executives, including participation in a manager’s insurance policy in accordance with Israeli law. The employment agreement also provides
for a 90-day termination notice in the event of a termination without Cause (as defined therein). In addition, in the event of a termination of Mr. Sigron’s employment by the Company without Cause or by Mr. Sigron for Justifiable Reason (as defined
therein), in each case, within 12 months of a Change of Control (as defined therein), all outstanding equity awards held by Mr. Sigron will be fully accelerated.
Mr. Sigron was not appointed pursuant to any arrangement or understanding with any other person. Mr. Sigron does not have any family
relationships with any director or executive officer of the Company, and there are no transactions where the Company is a participant and in which Mr. Sigron has a direct or indirect material interest requiring disclosure under Item 404(a) of
Regulation S-K. Mr. Sigron will also enter into a standard indemnification agreement with the Company, which was previously filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on July 7, 2023.
| Item 7.01. |
Regulation FD Disclosure.
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On May 11, 2026, the Company issued a press release announcing the appointment of Mr. Sigron as CFO. A copy of the press release is
attached as Exhibit 99.1 hereto.
The information being furnished pursuant to Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall
not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liability of that section, and shall not be incorporated by reference into any other
document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing
| Item 9.01. |
Financial Statements and Exhibits
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Exhibit No.
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Description
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Exhibit 99.1
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Press Release dated
May 11, 2026
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Exhibit 104
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Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.
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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.
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SOLAREDGE TECHNOLOGIES, INC.
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Date: May 11, 2026
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By: /s/ Dalia Litay
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Name: Dalia Litay
Title: Chief Legal Officer
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Exhibit 99.1
Exhibit 99.1
SolarEdge Appoints Maoz Sigron as Chief Financial Officer
MILPITAS, Calif. & HERZLIYA, Israel May. 11, 2026-- SolarEdge
Technologies, Inc. (“SolarEdge” or the “Company”) (Nasdaq: SEDG), a global leader in smart energy technology, announced today the appointment of Mr. Maoz Sigron as the Company’s new Chief Financial Officer (CFO), effective May 31,
2026. Maoz Sigron succeeds Mr. Asaf Alperovitz, who is stepping down from the role to pursue another professional opportunity outside of the industry. Mr.
Alperovitz will remain with the Company through June 9, 2026 to assist with a smooth handover.
Mr. Sigron has over 20 years of financial and operational experience across global organizations, with a strong track record in
governance, M&A, capital markets, budgeting and operational discipline in NASDAQ- and TASE-listed companies. Most recently, he served as CFO and later COO at Perion Network Ltd. (NASDAQ & TASE: PERI). Earlier in his career, Mr. Sigron
held senior finance leadership positions at Allot Ltd. (NASDAQ: ALLT, TASE: ALLT), Tnuva, and Stratasys Ltd. (NASDAQ: SSYS). Throughout his career, Mr. Sigron has succeeded in driving strategic business transformation, raising capital on NASDAQ
through equity offerings, directing M&A processes for several strategic acquisitions, achieving substantial operational efficiencies, and supporting complex, multi-market operations. He holds a BA in Accounting and Business Management from
The College of Management Academic Studies.
“Maoz joins SolarEdge at a pivotal moment for the company as we continue to execute on our strategic priorities, with a focus on
operational efficiency, strengthening financial discipline, and positioning the Company for long-term, profitable growth,” said Shuki Nir, CEO of SolarEdge. “I am delighted to welcome Maoz to the team and am confident that his combination of
financial rigor and hands-on leadership will help us strengthen execution and continue to improve our financial performance. I also extend my appreciation to Asaf Alperovitz for his leadership and for the role he played in setting the stage for
profitable growth, and we wish him all the best in what’s next.”
“SolarEdge is a company with a strong culture of innovation, a differentiated market position, and significant global growth
opportunities,” said Mr. Sigron. “I am excited to join Shuki and the talented SolarEdge team and help drive the company’s next phase of growth by continuing to strengthen financial performance and disciplined execution across the organization. I
look forward to building on the company’s momentum as we continue to advance our strategic priorities and drive meaningful long-term value for our customers and stakeholders.”
END
About SolarEdge
SolarEdge is a global smart energy technology company. SolarEdge develops, manufactures, and sells products that address a broad
range of energy market segments through its diversified product offering, including residential, commercial and large scale photovoltaic or PV, energy storage and backup solutions, electric vehicle (“EV”) charging capabilities, home energy
management, grid services and virtual power plants. By leveraging engineering capabilities and focusing on innovation, safety and reliability, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge is
online at www.solaredge.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This release contains forward looking statements which are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements include information, among other things, concerning: management transitions, our possible or assumed future results of operations; future demands for solar energy solutions; business
strategies; technology developments; financing and investment plans; dividend policy; competitive position; industry and regulatory environment; general economic conditions; potential growth opportunities; and the effects of competition. These
forward-looking statements are often characterized by the use of words such as “anticipate,” “believe,” “could,” “seek,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or similar
expressions and the negative or plural of those terms and other like terminology.
Forward-looking statements are only predictions based on our current expectations and our projections about future events. These
forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by the
forward-looking statements. Given these factors, you should not place undue reliance on these forward-looking statements. These factors include, but are not limited to, the matters discussed in the section entitled “Risk Factors” of our Annual
Report on Form 10-K/A for the year ended December 31, 2025, filed on March 23, 2026, and other reports filed with the SEC. All information set forth in this release is as of May 11, 2026. The Company undertakes no duty or obligation to update any
forward-looking statements contained in this release as a result of new information, future events or changes in its expectations.
Investor Contacts
Sapphire Investor Relations, LLC
Erica Mannion or Michael Funari
investors@solaredge.com
Media Contact
SolarEdge Technologies, Inc.
Lily Salkin, Head of Public Relations
lily.salkin@solaredge.com
lily.salkin@solaredge.com
FAQ
What leadership change did SolarEdge (SEDG) announce in this 8-K?
SolarEdge announced a planned CFO transition. Asaf Alperovitz will step down as Chief Financial Officer on May 31, 2026, remaining through June 9, 2026 for transition support. The Board appointed Maoz Sigron as the new CFO and principal accounting officer, effective May 31, 2026.
Who is Maoz Sigron, the new CFO of SolarEdge (SEDG)?
Maoz Sigron is a seasoned finance executive with over 20 years of global experience. He previously served as CFO and later COO of Perion Network and held senior finance roles at Allot, Tnuva and Stratasys. He has a BA in Accounting and Business Management.
What is the compensation package for SolarEdge (SEDG) CFO Maoz Sigron?
Sigron will receive a base salary of 130,000 NIS per month, temporarily reduced by 10%, plus a target annual bonus of 75% of his non-reduced salary. He also receives initial RSUs of about $700,000 and PSUs with a target value of about $700,000.
How do the PSUs for SolarEdge (SEDG) CFO vest and what performance metric is used?
The performance stock units have a three-year performance period ending in January 2029. Vesting can reach up to 200% of target, based on SolarEdge’s total shareholder return compared with companies in the Solar Index, directly linking awards to relative market performance.
What vesting schedule applies to the RSUs granted to SolarEdge (SEDG) CFO?
The restricted stock units granted to Maoz Sigron have an approximate initial value of $700,000. They vest 25% on May 31, 2027, with the remaining 75% vesting in 12 equal quarterly installments thereafter, encouraging multi-year retention and performance.
What severance and change-of-control protections does SolarEdge (SEDG) give its new CFO?
The employment agreement provides a 90-day termination notice if he is terminated without cause. If he is terminated without cause or resigns for justifiable reason within 12 months after a change of control, all outstanding equity awards he holds will fully accelerate.