Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Chief Financial Officer Transition
As previously disclosed in the Current Report on Form 8-K of Fluence Energy,
Inc. (the "Company") filed with the Securities and Exchange Commission ("SEC")
on August 31, 2022, Manavendra Sial was appointed as the Company's new Senior
Vice President and Chief Financial Officer, effective as of 12:00 a.m. on
September 15, 2022, replacing Dennis Fehr. In connection with this change in
leadership, Mr. Fehr has entered into a transition and separation agreement with
the Company (the "Separation Agreement") effective September 13, 2022, pursuant
to which, Mr. Fehr left his role as Senior Vice President and Chief Financial
Officer effective as of 11:59 p.m. on September 14, 2022, but will remain
employed by the Company in a non-executive capacity to support an orderly
transition with Mr. Sial through October 15, 2022 (the "Separation Date"). In
consideration for, among other things, such transition services, Mr. Fehr will
be entitled to severance benefits in accordance with the terms of the Company's
Executive Severance Plan (the "Severance Plan"), as if his departure from the
Company constituted an Involuntary Termination (as defined in the Severance
Plan). The Severance Plan was previously filed as Exhibit 10.1 to the Company's
Current Report on Form 8-K filed with the SEC on February 10, 2022.
The foregoing description of the Separation Agreement does not purport to be
complete and is qualified in its entirety by reference to the full text of such
agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on
Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit Number Description
10.1 Transition and Separation Agreement, effective September 13,
2022 , between Fluence Energy, Inc. and De nnis Fehr.
104 Cover Page Interactive Data File (embedded within the inline XBRL
document).
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