TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Energy Focus, Inc. (NASDAQ:EFOI) announced the appointment of Sophia Shee to its board of directors, effective August 8. The decision was made by the company’s board and disclosed in a press release statement based on a filing with the Securities and Exchange Commission.
According to the filing, Ms. Shee brings over four years of experience in the renewable energy and manufacturing sectors. She previously held several roles at Energy Focus, including Business Analyst from June 2019 to April 2021, Special Projects Manager from April 2021 to August 2023, and Accounts Receivable & Board Secretary from August 2023 to March 2024. During her tenure, she managed a database migration resulting in a 50% cost savings on the company’s CRM system, negotiated a significant reduction in subscription expenses, and reduced accounts receivable aging balances by 71% within 90 days.
Ms. Shee has not held any position at the company since March 2024 and is returning solely to serve as a board director. She holds a Master of Global Management from the Thunderbird School of Global Management and a Bachelor of Business Administration from Simon Fraser University. Her certifications include Project Management Professional (PMP), Certified Scrum Master (CSM), and Salesforce Certified Administrator (SCA).
At this time, Ms. Shee has not been appointed to any committees of the board. She will participate in the company’s standard director compensation program, which includes an annual cash retainer of $2,000. The filing states there are no arrangements or understandings between Ms. Shee and any other person regarding her selection, and there are no related person transactions requiring disclosure.
Energy Focus, Inc. is based in Solon, Ohio and is listed on The Nasdaq Stock Market LLC. All information is based on a press release statement and the company’s recent SEC filing.
In other recent news, Energy Focus, Inc. announced changes to its board of directors. Gina (Mei-Yun) Huang, who was a member of the board, audit committee, and nomination and compensation committee, resigned from her positions. The company clarified that her resignation did not stem from any disagreements with Energy Focus’s operations. Additionally, the company held its annual meeting of stockholders, where shareholders elected seven directors to serve until the next annual meeting. The elected directors include Kin-Fu Chen, Jay (Chiao-Chieh) Huang, Wen-Jeng Chang, Shou-Jang Lee, Chao-Jen Huang, Wen-Cheng Chen, and Gina (Mei-Yun) Huang, who received significant support with over 3.67 million votes each. These developments were disclosed in filings with the Securities and Exchange Commission.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.