Thomas Enzendorfer
About Thomas Enzendorfer
Thomas Enzendorfer, 43, is Chief Technology Officer (CTO) of NeoVolta Inc., appointed on October 1, 2025 following NeoVolta’s asset purchase of Neubau Energy’s modular battery platform . He previously served as CEO of Neubau Energy Inc. (California) and Managing Director of Neubau Energy GmbH (Vienna) during 2023–2025, and earlier was Director of Solar Energy at Fronius USA (2009–2016) and later President at Soligent Distribution LLC . His employment agreement requires annual business plans with performance targets approved by the Board, and his annual bonus is tied to performance goals set with the CEO, although specific metrics are not disclosed in filings . Company-level TSR, revenue growth, and EBITDA growth attribution to his tenure are not disclosed.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Neubau Energy Inc. (California) | Chief Executive Officer | 2023–2025 | Led manufacturing and distribution; positioned next‑gen modular residential battery platform for scale |
| Neubau Energy GmbH (Vienna) | Managing Director | 2023–2025 | Led Austrian manufacturing base enabling tariff‑advantaged platform for U.S. market |
| Fronius USA | Director of Solar Energy | 2009–2016 | Leadership across solar manufacturing and distribution |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Soligent Distribution LLC | President | Not disclosed | Leadership in solar distribution (dates not provided) |
Fixed Compensation
| Item | As of Oct 1, 2025 | Notes |
|---|---|---|
| Base Salary | $250,000 per year | Reviewed annually; cannot be reduced |
| Annual Bonus Target | 80% of base salary | Cash; payable within three months after fiscal year end |
| Annual Bonus Maximum | 130% of base salary | Based on performance goals set annually |
| RSU Grant | 450,000 RSUs | Granted under Company equity plan |
| RSU Vesting Schedule | 36 equal quarterly installments starting Oct 1, 2025 | Service‑based vesting; quarterly |
| Fringe Benefits | 4 weeks PTO; participation in employee benefit plans | Benefits comparable to similarly‑situated executives |
| Insurance | $5M term life (beneficiaries); D&O insurance maintained | Amounts determined by Board |
| Expense Reimbursement | Business, entertainment, travel per policy | Standard policy |
| Indemnification | To fullest extent permitted by law | Corporate indemnification |
Performance Compensation
| Component | Structure | Metrics/Process | Payout Mechanics | Vesting/Acceleration |
|---|---|---|---|---|
| Annual Performance Bonus | Target 80%, max 130% of base | Goals established by CEO in consultation with Executive within 45 days of anniversary date; specific KPIs not disclosed | Cash; paid within three months after year end | N/A (cash) |
| RSU Award | 450,000 RSUs | Service‑based; no disclosed performance metrics | Shares release per quarterly vest schedule | Immediate vesting of unvested RSUs upon Change in Control or termination without Cause/for Good Reason per summary; exhibit details also provide minimum 12 months RSU acceleration on certain terminations (see Employment Terms) |
Equity Ownership & Alignment
| Topic | Detail |
|---|---|
| Beneficial Ownership (Proxy) | 2025 DEF 14A lists executive officer and director holdings; Enzendorfer’s individual beneficial ownership was not itemized as of Oct 17, 2025. Total shares outstanding at that date: 34,733,692 . |
| RSU Grant & Vesting | 450,000 RSUs vest in 36 equal quarterly tranches beginning Oct 1, 2025 . |
| Trading/Hedging/Pledging | Employment Agreement permits Rule 10b5‑1 plans with first sales allowed after 90 days; allows sale of up to 10% of vested shares per calendar quarter; permitted transfers to immediate family/trusts after 6 months from vesting (subject to conditions). Clawback applies as required by law/listing standards. Hedging/Pledging policy referenced in proxy table of contents, details not disclosed in the provided chunks . |
| Ownership Guidelines | Company proxy references governance sections including “Insider Trading Policy” and “Hedging and Pledging Policy”; no executive ownership multiple disclosed in provided excerpts . |
Employment Terms
| Term | Provision |
|---|---|
| Position | Chief Technology Officer; reports to CEO |
| Effective Date & Initial Term | Oct 1, 2025 through Sept 30, 2028; auto one‑year renewals unless 30‑day prior written notice by either party |
| Annual Plans | Detailed annual business plan with performance targets due by Jan 31; Board approval required |
| Place of Performance | Company HQ in Poway, CA; remote work from San Anselmo, CA permitted if duties unaffected |
| Termination Notice | At least 30 days’ advance written notice by either party (subject to terms) |
| Cause | Defined to include felony/moral turpitude, willful misconduct/material harm, material breach, refusal to perform after cure, repeated policy violations; cure periods provided |
| Good Reason | Defined to include salary reduction >10%, relocation >50 miles, material diminution in role/reporting, uncured Company breach, failure of successor to assume agreement; notice and cure mechanics specified |
| Severance (Without Cause or Good Reason) | Accrued amounts; 12 months of base salary; pro‑rated target bonus for year of termination; Company‑paid COBRA for 12 months; immediate vesting of 12 months of unvested RSUs (250,000 shares); 100% acceleration of all unvested RSUs if a Change in Control occurs within 60 days of termination (release condition applies) |
| Death/Disability | Accrued amounts; immediate vesting of 12 months of unvested RSUs (250,000 shares); pro‑rated target bonus for year of termination |
| Change in Control | Summary disclosures state all unvested RSUs will immediately vest upon Change in Control; exhibit also provides 100% acceleration in certain termination/CoC sequencing (see Severance) |
| Non‑Compete/Confidentiality | Employee Non‑Compete and Confidentiality agreements required; non‑compete applies only to extent enforceable under California law (generally unenforceable); arbitration required in San Diego County, CA; California governing law |
| Permitted Transactions (Insider Sales) | May implement Rule 10b5‑1 plans upon shares becoming freely tradable; first sales permitted after 90 days; may sell up to 10% of vested shares per calendar quarter; permitted transfers to immediate family/trusts after 6 months from vesting (conditions apply) |
| Clawback | Compensation subject to recovery to extent required by applicable law, SEC rules, listing standards, or Company policy |
| Signatures | Agreement executed by CFO Steve Bond; countersigned by Thomas Enzendorfer |
Investment Implications
- Alignment and upside: A large, long‑duration RSU grant (450,000 shares) with quarterly vesting directly ties Enzendorfer’s wealth to NeoVolta’s equity value over nine years, with full acceleration upon Change in Control signaling strong alignment with strategic value creation pathways .
- Potential selling pressure: The contract explicitly allows Rule 10b5‑1 plans and sales up to 10% of vested shares per quarter after 90 days, which could introduce incremental supply as tranches vest; quarterly vesting creates regular liquidity windows .
- Retention risk: California law limits non‑compete enforceability; while severance economics (12 months salary, COBRA, partial RSU acceleration) cushion a departure, non‑compete constraints are weak, increasing theoretical mobility risk .
- Execution track record: Prior leadership at Neubau Energy and Fronius/Soligent aligns with NeoVolta’s integration of Neubau’s platform—management asserts the transaction is immediately accretive to revenue and gross margins, and Enzendorfer led manufacturing/distribution capabilities that underpin the 30‑minute installation product strategy .
- Related party/independence: The Company states no Item 404(a) related party transactions involving Enzendorfer beyond the disclosed asset purchase framework; appointment and terms were via standard Board processes .