0001852131 false 0001852131 2023-09-29 2023-09-29 0001852131 NXT:ClassCommonStockParValue0.0001Member 2023-09-29 2023-09-29 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): September 29, 2023

 

Nextracker Inc.

(Exact name of registrant as specified in its charter)

 

Delaware 001-41617 36-5047383

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

6200 Paseo Padre Parkway, Fremont, California 94555

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (510) 270-2500

______________________

 

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 Instruction 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   Name of exchange on which registered
Class A Common Stock, par value $0.0001   NXT   The Nasdaq Stock Market LLC
         

 

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.

 

On September 28, 2023, the board of directors (the “Board”) of Nextracker Inc. (the “Company”) approved an increase in the target annual incentive bonus opportunity for Daniel Shugar, the Company’s Chief Executive Officer, from 110% to 135% of his annual base salary for the fiscal year 2024 performance period. This adjustment was made following a review of compensation practices of the Company’s peer group and general market trends to ensure Mr. Shugar’s target bonus opportunity remains competitively positioned with the market and peer group median.

 

 

 

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.

 

  Nextracker Inc.
     
  By: /s/ Léah Schlesinger
    Léah Schlesinger
    General Counsel, Chief Ethics and Compliance Officer

 

 

Date: September 29, 2023

 

 

 

 

 

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Cover
Sep. 29, 2023
Document Type 8-K
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Document Period End Date Sep. 29, 2023
Entity File Number 001-41617
Entity Registrant Name Nextracker Inc.
Entity Central Index Key 0001852131
Entity Tax Identification Number 36-5047383
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 6200 Paseo Padre Parkway
Entity Address, City or Town Fremont
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94555
City Area Code 510
Local Phone Number 270-2500
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Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Class A Common Stock, par value $0.0001  
Title of 12(b) Security Class A Common Stock, par value $0.0001
Trading Symbol NXT
Security Exchange Name NASDAQ
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