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Energy Focus Shareholders Support Management’s 2021 UV Product Line Expansion Plans
Shareholders in Energy Focus, Inc., based on Solon, Ohio, met last week and approved management’s slate of directors, ratified GBQ Partners’ appointment as the company’s independent auditor, and gave their favorable nod to the company’s executive compensation plan. President and CFO Tod A. Nestor announced the results in a regulatory filing. Energy Focus released its quarterly results last month, reporting a $1.6 million loss (after forgiveness of an $800,000 PPP Loan) on $2.6 million of sales. In April, Energy Focus borrowed $1.7 million from Streeterville Capital, LLC, on rich terms for the lender. Energy Focus is developing a range…
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