TIGO ENERGY, INC. 8-K

What Happened
Tigo Energy, Inc. (TYGO) announced on March 17, 2026 that its Compensation Committee approved an annual Executive Short-Term Incentive Plan (STI Plan) for key executives, including its named executive officers. The STI Plan awards cash bonuses based on a targeted percentage of base salary tied to company and individual performance.

Key Details

• Bonus composition: company performance (revenue 37.5%, Adjusted EBITDA 37.5%) and individual performance (25%).
• Adjusted EBITDA is defined to exclude stock-based compensation and merger-related transaction expenses.
• Payout scale for revenue and Adjusted EBITDA: 75% of target bonus at threshold (75% of target achieved), 100% at target, and up to 150% for above-target performance. Both revenue and Adjusted EBITDA must reach at least 75% of target for any payout.
• Aggregate bonuses under the plan may not exceed the year’s positive Adjusted EBITDA unless the Committee or Board decides otherwise. The STI Plan was filed as an exhibit to the 8-K.

Why It Matters
This plan ties executive cash compensation directly to measurable financial goals (revenue and Adjusted EBITDA) and individual objectives, aligning pay with near-term company performance. Investors should watch future disclosures of achieved revenue and Adjusted EBITDA to gauge potential executive cash payouts and any impact on reported Adjusted EBITDA.