Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 26, 2008, the Board of Directors of Acorn Energy, Inc. (the
"Company") approved modified terms of the employment arrangement with Michael
Barth, who has served as the Chief Financial Officer and Chief Accounting
Officer of both the Company and its subsidiary dsIT Solutions Ltd. since
November 2005. According to the terms of employment approved by the Board, Mr.
Barth will be entitled to a salary increase from $100,000 to $150,000 per annum.
The Board also approved the payment of a cash bonus to Mr. Barth equal to the
difference between his prior salary and new salary for the period from November
1, 2007 through the effective date of the modification.
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