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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 18, 2010
Ormat Technologies, Inc.
 
(Exact Name of Registrant as Specified in Its Charter)
         
Delaware   001-32347   No. 88-0326081
(State or Other Jurisdiction of   (Commission File Number)   (I.R.S. Employer Identification No.)
Incorporation)        
     
6225 Neil Road, Reno, Nevada   89511-1136
(Address of Principal Executive Offices)   (Zip Code)
(775) 356-9029
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

TABLE OF CONTENTS
             
  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.     3  
 
           
  Financial Statements and Exhibits.     3  
 
           
        4  
 
           
        5  
 
           
Exhibit 99.1
  Press Release of the Company dated January 20, 2010, regarding the Resignation of Mr. Jacob Worenklein from the Board of Directors.        
  EX-99.1

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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5.02.   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Jacob J. Worenklein from the Board of Directors.
On January 18, 2010, Jacob J. Worenklein, a member of Ormat Technologies, Inc.’s (the “Company”) Board of Directors and Audit Committee since November 2004, informed the Company that he will step down from the Board of Directors on March 31, 2010. Mr. Worenklein’s resignation comes as a result of his joining the law firm of Bingham McCutchen LLP as a partner, and that Firm’s policy preventing its partners from serving as directors of public companies. There were no disagreements between the Company and Mr.Worenklein on any matter.
The Company has begun the search for a new director.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
  99.1   Press Release of the Company dated January 20, 2010.

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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  ORMAT TECHNOLOGIES, INC.
  		 
  By:   /s/ Yehudit Bronicki    
    Name:   Yehudit Bronicki   
    Title:   Chief Executive Officer   
 
Date: January 20, 2010

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EXHIBIT INDEX
     
Exhibit Number   Description of Exhibit
 
99.1
  Press Release of the Company dated January 20, 2010.

5

Exhibit 99.1
(ORMAT LOGO)
PRESS RELEASE
     
Ormat Technologies Contact:
Dita Bronicki
CEO
775-356-9029
dbronicki@ormat.com
  Investor Relations Contact:
Todd Fromer / Marybeth Csaby
KCSA Strategic Communications
212-896-1215 (Todd) / 212-896-1236 (Marybeth)
tfromer@kcsa.com/mcsaby@kcsa.com
Ormat Technologies — Jacob J. Worenklein to Step Down from Board of Directors on March 31, 2010
Reno, Nevada, January 20, 2010 - Ormat Technologies, Inc. (NYSE:ORA) today announced that Mr. Jacob J. Worenklein, a member of the Company’s Board of Directors and Audit Committee since November 2004, has informed the Company that he will step down from the Board of Directors on March 31, 2010. Mr. Worenklein’s resignation comes as a result of his joining the law firm of Bingham McCutchen LLP as a partner, and that Firm’s policy preventing its partners from serving as directors of public companies.
The Company has begun the search for a new director.
Commenting on Mr. Worenklein’s resignation, Lucien Bronicki, Chairman of Ormat Technologies, said, “Jay Worenklein has been a dedicated and valuable member of Ormat’s Board. On behalf of everyone at Ormat, I would like to thank him for all of his work and past contributions to the Company, and wish him success in his new position as Partner in the Bingham firm.”
About Ormat Technologies
Ormat Technologies, Inc. is the only vertically-integrated company primarily engaged in the geothermal and recovered energy power business. The Company designs, develops, owns and operates geothermal and recovered energy-based power plants around the world. Additionally, the Company designs, manufactures and sells geothermal and recovered energy power units and other power-generating equipment, and provides related services. The Company has more than four decades of experience in the development of environmentally-sound power, primarily in geothermal and recovered-energy generation. Ormat products and systems are covered by 75 U.S. patents. Ormat has built over approximately 1,200 MW of plants half for its own account and half as supplies to utilities and developers. Ormat current generating portfolio includes the following geothermal and recovered energy-based power plants: in the United States — Brady, Heber, Mammoth, Ormesa, Puna, Steamboat, OREG 1 and OREG 2; in Guatemala — Zunil and Amatitlan; in Kenya — Olkaria; and in Nicaragua — Momotombo.

 

 

Safe Harbor Statement
Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to Ormat’s plans, objectives and expectations for future operations and are based upon its management’s current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, see “Risk Factors” as described in Ormat Technologies, Inc.’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 2, 2009
These forward-looking statements are made only as of the date hereof, and we undertake no
obligation to update or revise the forward-looking statements, whether as a result of new
information, future events or otherwise.
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