Fluence Energy, Inc. appointed Julian Nebreda as new CEO

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Chief Executive Officer Transition


As previously disclosed in the Current Report on Form 8-K of Fluence Energy, Inc. (the "Company") filed with the Securities and Exchange Commission ("SEC") on August 8, 2022, Julian Nebreda was appointed as the Company's new President and Chief Executive Officer, effective September 1, 2022, replacing Manuel Perez Dubuc. In connection with this change of leadership, on August 29, 2022, Mr. Perez Dubuc notified the Board of Directors of the Company (the "Board") of his resignation as a member of the Board, effective August 31, 2022, which resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Mr. Perez Dubuc has entered into a separation and release agreement with the Company (the "Separation Agreement") dated August 24, 2022, pursuant to which, Mr. Perez Dubuc will be entitled to severance benefits in accordance with the terms of the Company's Executive Severance Plan (the "Severance Plan"), as if his departure from the Company constituted an Involuntary Termination (as defined in the Severance Plan), and to reimbursement by the Company for certain legal fees incurred in connection with Mr. Perez Dubuc's entry into the Separation Agreement. The Severance Plan was previously filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the SEC on February 10, 2022.


The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of such agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.