Philotimo Fund reaches agreement with Orion Energy Systems, Inc. (OESX)
Key Summary: On January 3, 2023, Philotimo Fund and Charles McDulin (5.2%) entered into a cooperation agreement with the company
Market Cap: $60 million| Orion Energy Systems, Inc. researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America.
On January 3, 2023, Philotimo Fund and Charles McDulin (5.2%) entered into a cooperation agreement with the company and pursuant to it, the Board increased its size and appointed Mr. McDulin as a Class II director with a term expiring at the company’s 2024 AGM. Source
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