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): July 18, 2007
AKEENA
SOLAR, INC.
(Exact
name of registrant as specified in its charter)
|
DELAWARE
|
000-52385
|
20-5132054
|
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(I.R.S.
Employer Identification No.)
|
| |
|
|
|
16005
LOS GATOS BOULEVARD
LOS
GATOS, CALIFORNIA
|
|
95032
|
|
(Address
of principal executive offices)
|
|
(Zip
Code)
|
Registrant's
telephone number, including area code: (408) 395-7774
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 Instruction A.2. below):
o
Written
communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting
material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)
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))
ITEM
5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT
OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On
July
18, 2007 the Board of Directors of Akeena Solar, Inc. (the "Company") appointed
George Lauro and Jon Witkin as directors of the Company to fill newly created
vacancies on the Company’s board.
Mr.
Lauro
has been a senior partner at Alteon Capital Partners since January 2007,
a
Silicon Valley firm that provides direct venture investment and advisory
services to private companies in the semiconductors, MEMS, nanotech and
photonics sectors. From May 2006 to January 2007, Mr. Lauro was Managing
Director at Techfarm Ventures, a Silicon Valley venture capital firm with
approximately $250M under management. He was also Managing Director at
Wasserstein Venture Capital from May 1999 to May 2005 and was one of two
partners managing over $300M across two venture funds. Before joining
Wasserstein, Mr. Lauro was Director of Rapid Commercialization at IBM
Headquarters from September 1995 to May 1999. At Motorola (NASDAQ: MOT),
he
conceived the world's first consumer handheld Global Positioning Product
(Traxar
GPS), invented new classes of RF transponders, and launched Motorola's
businesses in these spaces. He completed a Bachelors degree in Electrical
Engineering from Brown, a Master of Business Administration from Wharton,
and
graduate work in Astronautics at MIT. Mr. Lauro currently serves as a Director
on ChipX and Pinyon Technologies.
Mr.
Witkin is a co-owner of Western States Glass, the largest independent flat
glass
distributor in Northern California, which he co-founded in 1991. Mr. Witkin
oversees Western States Glass's operations, including its fleet of delivery
vehicles and remote offices throughout California. Prior to founding Western
States Glass, Mr. Witkin was a Partner at Bay Mirror and an Area Sales Manager
at ACI Glass Distribution (“ACI”). He also served in various sales and
management roles at the Havlin Witkin Corporation which was sold to ACI.
Mr.
Witkin earned a Bachelors of Science degree in 1976 from the University of
Utah.
Upon
appointment, Mr. Lauro and Mr. Witkin were each awarded 10,000 shares of
the
Company’s restricted common stock. The new directors will also receive travel
and lodging expenses for any activities related to the performance of their
duties on the Board of Directors.
The
Company’s Board of Directors recently established an Audit Committee, a
Compensation Committee, and a Corporate Governance and Nominating Committee.
Jon
Witkin and George Lauro were appointed to serve on the Company’s Audit
Committee, along with the existing Board member Ed Roffman. Both George Lauro
and John Witkin were also appointed to the Company’s Compensation Committee and
the Company’s Corporate Governance and Nominating Committee.
ITEM
8.01 OTHER EVENTS.
On
July
19, 2007 the Company issued a press release announcing Mr. Lauro’s and Mr.
Witkin’s appointments to the Company's board of directors. The complete text of
the press release is attached hereto as Exhibit 99.1.
ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS.
|
EXHIBIT
NO.
|
|
DESCRIPTION
|
|
99.1
|
|
Press
Release
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
| |
|
|
| |
AKEENA
SOLAR,
INC. |
|
|
|
| |
By: |
/s/ Barry
Cinnamon |
| |
Name:
Barry Cinnamon |
| |
Title:
Chief Executive Officer |
Date:
July 19, 2007