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Get filing alertsSpruce Power director Clara Nagy McBane resigns; Benjamin Rosenzweig appointed to board
Filed September 16, 2026 · Period ending September 10, 2026 · ~1 min read
Key Changes
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Director Clara Nagy McBane notified the board on September 10, 2026 that she is resigning, contingent on agreement regarding her outstanding equity awards and confirmation of continued indemnification and D&O insurance coverage.
Item 5.02 verify on EDGAR → -
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Benjamin Rosenzweig was appointed as a Class B director effective upon the effective date of McBane's resignation, filling the vacancy.
Item 5.02 verify on EDGAR → -
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Rosenzweig is employed by Steel Partners Holdings L.P., an affiliate of SP Strategic Holdings LLC, which holds approximately 17.8% of the company's outstanding common stock.
Item 5.02 verify on EDGAR → -
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Rosenzweig will receive standard non-employee director compensation and enter into an indemnification agreement similar to those of other directors.
Item 5.02 verify on EDGAR →
Summary
Spruce Power Holding Corp disclosed a board change in an 8-K filed September 16, 2026. Director Clara Nagy McBane notified the company on September 10, 2026 that she is resigning from the board, but her resignation is contingent on agreement regarding the treatment of her outstanding equity awards and confirmation of continued indemnification and D&O insurance coverage.
The board appointed Benjamin Rosenzweig as a Class B director to fill the vacancy, effective upon the effective date of McBane's resignation. Rosenzweig is employed by Steel Partners Holdings L.P., an affiliate of SP Strategic Holdings LLC, which holds approximately 17.8% of the company's outstanding common stock.
He will receive standard non-employee director compensation and enter into an indemnification agreement similar to those of other directors. For retail holders, the change is notable because the new director is affiliated with a significant shareholder, which may influence board dynamics. The resignation is conditional, so the timing of the transition depends on the company reaching agreement with McBane on equity and indemnification terms.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Spruce Power director Clara Nagy McBane resigns contingent on equity and indemnity terms; Benjamin Rosenzweig appointed to fill the vacancy.
Added in current filing · verify on EDGAR →
On September 10, 2026, Clara Nagy McBane notified Spruce Power Holding Corporation (the “Company”) that she is resigning from the Board of Directors of the Company (the “Board”), contingent upon (1) agreement as to the treatment of her outstanding equity awards and (2) acceptable confirmation as to the Company’s obligation to continue to indemnify Ms. McBane for any actions or omissions occurring during her tenure on the Board and Ms. McBane’s continuing coverage under applicable Directors and Officers (D&O) insurance policies.
Director Clara Nagy McBane is stepping down from the Board, but her resignation is conditional on the Company agreeing on how her outstanding equity awards will be treated and confirming continued indemnification and D&O insurance coverage. The resignation becomes effective only once those contingencies are satisfied.
Added in current filing · verify on EDGAR →
Mr. Rosenzweig is employed by Steel Partners Holdings L.P., an affiliate of SP Strategic Holdings LLC, a holder of approximately 17.8% of the outstanding shares of the Company’s common stock.
The new director is employed by Steel Partners Holdings L.P., which is affiliated with SP Strategic Holdings LLC, a significant shareholder holding about 17.8% of the Company's outstanding common stock. This gives the new director a connection to a major shareholder.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 17, 2026 · How we verify