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 earliest event reported): September 23, 2013
LIME ENERGY CO.
(Exact name of registrant as specified in its charter)
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DELAWARE |
001-16265 |
36-4197337 |
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(State or other jurisdiction of |
(Commission File #) |
(IRS Employer Identification No.) |
16810 Kenton Drive, Suite 240, Huntersville, NC 28078
(Address of principal executive offices)
(704) 892-4442
(Registrant’s telephone number, including area code)
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:
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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(c) Appointment of principal operating officer.
On September 23, 2013, the Board of directors of Lime Energy Co. (the “Company”) named Adam Procell as its President and Chief Operating Officer in which capacity he will serve as its principal operating officer.
Mr. Procell, age 45, was previously Divisional President and as Vice President of Sales and Marketing. Prior to joining the Company in April 2009, Mr. Procell served as the National Director of Energy Efficiency & Carbon Management for AECOM Technology Corporation (ACM: NYSE).
Mr. Procell entered into an employment agreement with a subsidiary of the Company in March 2009. The employment agreement currently provides that Mr. Procell’s annual base salary shall be determined by the Company in its sole discretion and that he shall be eligible for an annual bonus of up to 50% of his annual base salary. Mr. Procell’s current annual base salary is $240,000. The employment agreement currently does not provide for any fixed period of employment or severance payments. This description of Mr. Procell’s employment agreement is not complete and is qualified in its entirety by the employment agreement, a copy of which is attached as exhibit 10.1.
The Company released a press release on September 27, 2013, announcing Mr. Procell’s appointment, a copy of which is attached as exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(a) Exhibits
10.1 Employment Agreement dated April 7, 2009, between Applied Energy Management Energy Consulting, LLC. and Adam Procell.
99.1 Press release dated September 27, 2013
SIGNATURE
Pursuant to the requirements of the Securities and 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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LIME ENERGY CO. | |
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Dated: September 27, 2013 |
By: |
/s/ Jeffrey Mistarz |
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Jeffrey Mistarz |
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Executive Vice President, |
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Chief Financial Officer & Treasurer |