Peter Rabover
About Peter Rabover
Peter Rabover (age 45) has served as an independent director of Acorn Energy, Inc. since March 2023. He is Managing Director of Artko Capital LP (microcap-focused partnership he founded in 2015), and currently the Chief Financial Officer of Grodivo (corporate culture measurement software). He holds a B.S. from Duquesne University, an MBA from the University of Virginia’s Darden School of Business, and is a CFA Charterholder .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Acorn Energy, Inc. (ACFN) | Independent Director | Mar 2023–present | Not listed on Audit, Compensation, or Nominating Committees |
| Artko Capital LP | Managing Director | 2015–present | Advises corporate finance activities; Artko is a 5% stockholder of ACFN |
| Scharf Investments | Investment Analyst | 2012–2014 | Buy-side research |
| Hahn Capital Management | Investment Analyst | 2005–2011 | Buy-side research |
| U.S. Peace Corps (Kazakhstan) | Economic Development Volunteer | 2003–2005 | Development experience |
| United States Steel Corporation | Auditor | 2001–2003 | Audit background |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Grodivo | Chief Financial Officer | Current | Private company CFO; no ACFN committee ties disclosed |
| Artko Capital LP | Managing Director | 2015–present | Artko beneficially owns 123,218 ACFN shares; potential interlock via significant ownership |
Board Governance
- Independence: The Board determined all directors except CEO Jan Loeb are independent under NASDAQ rules; Rabover is independent .
- Committee membership: Audit Committee (Chair Zentman; members Mohr, Osterer); Compensation Committee (Mohr, Osterer, Zentman); Nominating Committee (Mohr, Zentman, Osterer). Rabover is not listed on these committees .
- Board meetings and attendance: Board met 4 times in 2024; all incumbent directors attended ≥75% of Board and committee meetings; all five directors attended the 2024 annual meeting. In 2023, Board met 4 times; all incumbent directors attended ≥75% and all five directors attended the annual meeting. In 2022, Board met 5 times; all incumbent directors attended ≥75% .
- Executive sessions: Independent directors meet in executive session following regularly scheduled Board meetings .
Board Attendance & Meetings
| Metric | 2022 | 2023 | 2024 |
|---|---|---|---|
| Board meetings held | 5 | 4 | 4 |
| Attendance threshold met | All directors ≥75% | All directors ≥75% | All directors ≥75% |
| Annual meeting attendance | Four directors attended 2022 meeting | All five directors attended 2023 meeting | All five directors attended 2024 meeting |
Fixed Compensation
| Year | Cash Retainer ($) | Committee Fees ($) | Notes |
|---|---|---|---|
| 2024 | 15,000 | 0 (no committee roles) | Standard non-employee director retainer; Audit chair $10k and Audit members $2k (not applicable to Rabover) |
| 2023 | 11,708 (pro‑rata) | 0 (no committee roles) | Pro‑rated from March 2023 appointment |
Performance Compensation
| Grant Date | Instrument | Shares/Options | Exercise Price | Vesting | Expiration |
|---|---|---|---|---|---|
| Jan 1, 2024 | Stock options | 625 | $6.09 | Quarterly vest beginning grant date (25% immediate; remaining over three quarters) | Jan 1, 2031 |
| Mar 21, 2023 | Stock options (new director grant) | 1,562 | $4.80 | 1/3 on each of the first three anniversaries of appointment | Mar 21, 2030 |
Director equity is option-based; no RSUs/PSUs or performance metric targets are disclosed for directors. Directors may elect to receive fees in stock in lieu of cash, vesting quarterly across the year .
Other Directorships & Interlocks
- Public company directorships: None disclosed for Rabover beyond ACFN .
- Ownership interlocks: Artko Capital LP (managed by Rabover) beneficially owns 123,218 ACFN shares; Rabover also holds currently exercisable options (see Equity Ownership) .
Expertise & Qualifications
- Finance and capital allocation expertise (20+ years buyside investing; corporate finance advisory experience) .
- Audit background (United States Steel auditor) and CFA credential .
- MBA (UVA Darden) and undergraduate degree (Duquesne) .
- Technology-adjacent operating experience (CFO of Grodivo) .
Equity Ownership
| Metric | 2024 (Record Date: Jul 19, 2024) | 2025 (Record Date: Jul 21, 2025) |
|---|---|---|
| Beneficial ownership (shares) | 124,206 | 125,352 |
| Ownership (%) | 4.99% | 5.01% |
| Breakdown – Artko Capital LP | 123,218 shares | 123,218 shares |
| Breakdown – currently exercisable options | 988 | 2,134 |
| Shares outstanding at record date | 2,487,307 | 2,498,316 |
Governance Assessment
- Independence and engagement: Rabover is independent under NASDAQ rules and met the company’s attendance threshold, with full annual meeting participation alongside the Board; this supports baseline governance effectiveness .
- Committee exposure: Not serving on Audit, Compensation, or Nominating limits direct oversight influence (e.g., financial reporting, pay, board composition). For investors seeking governance levers, this constrains Rabover’s formal channels of impact .
- Ownership alignment: Skin‑in‑the‑game through Artko’s ~5% stake plus personal options aligns incentives with shareholders; directors can also elect stock in lieu of cash, reinforcing equity orientation .
- Potential conflicts (RED FLAG – monitor): Dual role as Artko’s Managing Director while Artko is a significant shareholder can present perceived conflicts around capital allocation or strategic actions; the proxy notes Rabover’s beneficial ownership via Artko and standard disclaimer of beneficial interest .
- Pay structure: Director compensation is modest and option‑centric without performance metric gates (no RSUs/PSUs disclosed for directors). Equity grants vest based on time, not outcomes—alignment via ownership exists, but there are no disclosed performance hurdles at the director level .
- Board context: Other directors have material affiliations (e.g., UE Systems shareholdings; CEO Loeb’s >21% stake including Leap Tide), indicating a board with concentrated shareholder ties. While independence is asserted, investors should recognize the influence dynamics of significant holders across the boardroom .