EnerNOC Responds to Shareholder Filing
April 18 2017 - 5:15PM
EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of demand response
solutions and energy intelligence software (EIS), today issued the
following statement in response to an open letter to shareholders
filed today with the Securities and Exchange Commission by Periam
Limited, noting its intent to nominate two individuals for election
to the Company’s Board of Directors.
EnerNOC welcomes communications with all of its
shareholders and values their input. The Nominating and Governance
Committee of the EnerNOC Board of Directors has already met with
the Periam Limited candidates, is in the process of evaluating
these candidates, and will nominate directors it believes are in
the best interest of all EnerNOC shareholders.
Our Board and management team will continue to
focus on enhancing shareholder value and making decisions that are
in the best interest of all of our shareholders. As we have
previously indicated, we have taken significant steps to align the
level of investment in our software business with the near-term
market opportunity, and we have started a process to explore
potential strategic alternatives that may include the sale or
separation of one or more of our business units, a sale of the
company, or other alternatives.
Morgan Stanley and Greentech Capital are serving as
our financial advisors, and Cooley LLP is serving as legal advisor
to the Company.
About EnerNOC
EnerNOC is a leading provider of demand response
solutions and energy intelligence software (EIS). EnerNOC offers
access to more demand response programs worldwide than any other
provider, providing enterprises a valuable payment stream to
further enhance bottom line results and utilities and grid
operators a reliable, cost-effective demand-side resource. Also,
with capabilities to better address budgets and procurement,
utility bill management, facility analysis and optimization,
sustainability and reporting, project tracking, and demand
management, EnerNOC's SaaS platform helps enterprises control
energy costs, mitigate risk, and streamline compliance and
sustainability reporting. For more information, visit
www.enernoc.com.
Important Additional
Information
The Company, its directors and certain of its
executive officers will be participants in the solicitation of
proxies from the Company’s stockholders in connection with the
Company’s 2017 Annual Meeting of Stockholders. The Company intends
to file a proxy statement and white proxy card with the U.S.
Securities and Exchange Commission (the “SEC”) in connection with
any such solicitation of proxies from the Company’s stockholders.
STOCKHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH
PROXY STATEMENT, ACCOMPANYING WHITE PROXY CARD AND ALL OTHER
DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN
THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION.
Information regarding the ownership of the Company’s directors and
executive officers in Company stock, restricted stock and options
is included in the Company’s SEC filings on Forms 3, 4, and 5,
which can be found through the Company’s website www.enernoc.com in
the section “Investor Relations” or through the SEC’s website at
www.sec.gov. Information can also be found in the Company’s other
SEC filings, including the Company’s definitive proxy statement for
the 2016 Annual Meeting of Stockholders and its Annual Report on
Form 10-K for the year ended December 31, 2016. Updated
information regarding the identity of any potential participants,
and their direct or indirect interests, by security holdings or
otherwise, will be set forth in the preliminary proxy statement and
definitive proxy statement and other materials to be filed with the
SEC in connection with the 2017 Annual Meeting. Stockholders will
be able to obtain any proxy statement, any amendments or
supplements to the proxy statement and other documents filed by the
Company with the SEC at no charge at the SEC’s website at
www.sec.gov. Copies will also be available at no charge at the
Company’s website at www.enernoc.com in the section “Investor
Relations.”
Safe Harbor Statement
Statements in this press release regarding
management's future expectations, beliefs, intentions, goals,
strategies, plans or prospects, including, without limitation,
statements relating to the Company's future financial performance
on both a GAAP and non-GAAP basis, and the future growth and
success of the Company's energy intelligence software and demand
response solutions, may constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 and other federal securities laws. Forward-looking
statements can be identified by terminology such as "anticipate,"
"believe," "could," "could increase the likelihood," "estimate,"
"expect," "intend," "is planned," "may," "should," "will," "will
enable," "would be expected," "look forward," "may provide,"
"would" or similar terms, variations of such terms or the negative
of those terms. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors including those
risks, uncertainties and factors referred to under the section
"Risk Factors" in EnerNOC's most recent Annual Report on Form 10-K
and subsequent Quarterly Reports on Form 10-Q, as well as other
documents that may be filed by EnerNOC from time to time with the
Securities and Exchange Commission. As a result of such risks,
uncertainties and factors, the Company's actual results may differ
materially from any future results, performance or achievements
discussed in or implied by the forward-looking statements contained
herein. EnerNOC is providing the information in this press release
as of this date and assumes no obligations to update the
information included in this press release or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
EnerNOC Media Relations:
Sarah McAuley
617.532.8195
news@enernoc.com
EnerNOC Investor Relations:
ir@enernoc.com
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