At its annual meeting held on October 28, 2009, the Board of Directors of Orion Energy Systems Inc. appointed Neal R. Verfuerth, the company’s current Chief Executive Officer and a current director of the company, as Chairman of the Board, succeeding Thomas A. Quadracci in that position. Mr. Quadracci remains a director of the Company. The Board appointed Mark C. Williamson, currently an independent director of the Company, to the newly-created position of Lead Independent Director. The Board made assignments to its standing committees, following which the composition of the committees was as follows: audit and finance committee: Michael W. Altschaefl (chair), Mr. Quadracci, Mr. Williamson. Compensation Committee: Mr. Williamson (chair), Mr. Quadracci, Roland G. Stephenson. Nominating and Corporate Governance Committee: Mr. Quadracci (chair), Mr. Altschaefl, Mr. Stephenson.

Orion Energy Systems Inc. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2009. For the quarter, the company reported income from operations of $298,000, income before income tax of $807,000 and net income of $453,000 or $0.02 per diluted share on revenue of $18,760,000 compared to loss from operations of $1,831,000, loss before income tax of $1,829,000 and net loss of $1,399,000 or $0.06 per diluted share on revenue of $14,619,000 for the same period a year ago. For the six months, the company reported loss from operations of $190,000, income before income tax of $869,000 and net income of $487,000 or $0.02 per diluted share on revenue of $34,866,000 compared to loss from operations of $5,064,000, loss before income tax of $4,996,000 and net loss of $4,172,000 or $0.19 per diluted share on revenue of $27,247,000 for the same period a year ago. Cash used in operating activities was $371,000 compared to $4,149,000 reported a year ago. For third quarter of fiscal 2010, revenues are anticipated to be between $16.5 million and $18.0 million. Earnings per share for the third quarter of fiscal 2010 are estimated to be between a loss of $0.03 and earnings of $0.01 per diluted share.

Orion Energy Systems, Inc expected to Report Q3 2010 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 27, 2009).