Unassociated Document
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)
September 26, 2008
ACORN
ENERGY, INC.
(Exact
name of Registrant as Specified in its Charter)
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Delaware
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0-19771
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22-2786081
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(State
or Other Jurisdiction
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(Commission
file Number)
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(IRS
Employer
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of
Incorporation)
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Identification
No.)
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4
West Rockland, Montchanin, Delaware
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19710
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code (302)
656-1707
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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-2 under
the Exchange Act (17 CFR 240.14a-2)
o Pre-commencement
communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement
communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section
5 - Corporate Governance and Management
Item
5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
On
September 26, 2008, the Board of Directors of Acorn Energy, Inc. (the “Company”)
approved modified terms of the employment arrangement with Michael Barth, who
has served as the Chief Financial Officer and Chief Accounting Officer of both
the Company and its subsidiary dsIT Solutions Ltd. since November 2005.
According to the terms of employment approved by the Board, Mr. Barth will
be
entitled to a salary increase from $100,000 to $150,000 per annum. The Board
also approved the payment of a cash bonus to Mr. Barth equal to the difference
between his prior salary and new salary for the period from November 1, 2007
through the effective date of the modification.
SIGNATURES
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 on this 29th day of September, 2008.
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ACORN
ENERGY,
INC. |
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By: |
/s/ Sheldon
Krause |
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Name:
Sheldon Krause |
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Title:
Secretary and General
Counsel
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