Item 1.01 Entry into a Material Definitive Agreement.

Third Amended and Restated Investor Rights Agreement

On January 23, 2020, Infrastructure and Energy Alternatives, Inc., a Delaware corporation (the "Company") entered into a Third Amended and Restated Investor Rights Agreement ("Third A&R Investor Rights Agreement"), among the Company, M III Sponsor I LLC ("M III Sponsor"), Infrastructure and Energy Alternatives, LLC ("IEA LLC") and Oaktree Power Opportunities Fund III Delaware, L.P. ("OPOF III"). The Third A&R Investor Rights Agreement amends and restates the Investor Rights Agreement, dated as of March 26, 2018, as subsequently amended and restated, in order to, among other things:



•            reduce the size of the Company's Board of Directors (the "Board")
             from ten (10) directors to seven (7) directors;



•            amend the corporate governance rights of M III Sponsor and OPOF III,
             so that each of M III Sponsor and OPOF III has the right to
             designate a sole director to the Board, rather than two directors;



•            specify that the Company will use its reasonable best efforts to
             reclassify the terms of certain directors; and



•            agree that Mohsin Meghji will no longer be considered a designee of
             M III Sponsor and resign from the Board, and that Ian Schapiro will
             no longer be considered a designee of OPOF III and resign from the
             Board.

In connection with the Third A&R Investor Rights Agreement, the Company entered into a Waiver Agreement (the "Waiver Agreement"), between the Company and Ares Management LLC, on behalf of its affiliated funds, investment vehicles and/or managed accounts ("Ares"), dated January 23, 2020, pursuant to which Ares has agreed to designate only one director to the Board for so long as: (i) the size of the Board is comprised of seven (7) or fewer individuals, (ii) at least three (3) of the directors on the Board qualify as independent directors, (iii) Ares is entitled to appoint a director under each of the certificate of designation for the Series B-1 Preferred Stock and Series B-2 Preferred Stock, (iv) each of the stockholders of the Company (and their affiliates) with specific board designation rights as of the date of the Waiver Agreement (other than Ares and its affiliates) is entitled to appoint no more than one director to the Board, and (v) no other stockholder of the Company (other than the stockholders of the Company as of the date of the Waiver Agreement or their affiliates) is entitled to appoint any directors to the Board. If at any time the conditions set forth above are no longer met, the Waiver Agreement automatically terminates.

The description of the Third A&R Investor Rights Agreement and Waiver Agreement are qualified in their entirety by reference to the full text of the Third A&R Investor Rights Agreement and Waiver Agreement, which are filed as Exhibit 10.1 and Exhibit 10.2 to this Current Report on Form 8-K, respectively, and incorporated in this Item 1.01 by reference.

First Amendment to Rights Offering Agreement

On January 27, 2020, the Company entered into the First Amendment to Rights Offering Agreement (the "First Amendment"), among the Company, Ares Special Situations Fund IV, L.P., ASOF Holdings I, L.P., OPOF III, IEA LLC and OT POF IEA Preferred B Aggregator, L.P. The First Amendment amends the Rights Offering Agreement, dated as of October 29, 2019, to amend certain terms and conditions of the rights offering to be conducted by the Company as provided in Annex A attached thereto.

The description of the First Amendment is qualified in its entirety by reference to the full text of the First Amendment, which is filed as Exhibit 10.3 to this Current Report on Form 8-K and is incorporated in this Item 1.01 by reference.




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

Effective January 24, 2020, Mohsin Meghji and Ian Schapiro resigned from the Board and all committees of the Board. Messrs. Meghji and Schapiro resigned as directors pursuant to the Third A&R Investor Rights Agreement, and neither Messrs. Meghji or Schapiro decided to resign as a result of any disagreement with the Company on any matter relating to the operations, internal controls, policies or practices of the Company.

Additionally, solely for the purpose of reclassifying the terms of certain Board members pursuant to the Third A&R Investors Rights Agreement, the Board accepted the resignations of Peter Jonna and of Charles Garner as members of the Board and all committees of the Board, effective January 24, 2020. Simultaneously upon the effectiveness of the resignations of Messrs. Jonna and Garner, the Board reappointed each of Messrs. Jonna and Garner to serve as Class I directors until the 2021 annual meeting of shareholders, or until his successor is elected and qualified or his earlier death, resignation, removal or retirement.

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Except as described above, there are no arrangements or understandings with the Company, or any other persons, pursuant to which Messrs. Jonna or Garner was appointed as a director of the Company.

The Company has determined that neither Messrs. Jonna or Garner, nor any of their respective immediate family members, has or had (nor does any propose to have) a direct or indirect material interest in any transaction in which the Company or any of the Company's subsidiaries was or is (or is proposed to be) a participant, that would be required to be disclosed under Item 404(a) of SEC Regulation S-K. In addition, the Company has determined that there are no family relationships between Messrs. Jonna or Garner and any current executive officer or director of the Company.

Following the resignations and appointments described in this Item 5.02, the Board reduced the size of the Board to seven (7) directors, consisting of two (2) Class I directors (Messrs. Jonna and Garner), three (3) Class II directors (Messrs. Roehm, Montgomery and Eber), and two (2) Class III directors (Mr. Glanvill and one vacancy). Effective January 24, 2020, the Board elected Derek Glanvill to serve as Chair of the Board and appointed the following directors to serve on its committees:



                                                  Nominating and
Audit                                             Governance
Committee                  Compensation Committee Committee           Bid Review Committee
                                                  Derek Glanvill
Terence Montgomery (chair) Peter Jonna (chair)    (chair)             Derek Glanvill (chair)
John Eber                  Terence Montgomery     Peter Jonna         Charles Garner
Charles Garner                                                        John Eber
                                                                      Terence Montgomery


Item 5.07  Submission of Matters to a Vote of Security Holders.

The Company held its special meeting of shareholders (the "Special Meeting") on January 21, 2020. A total of 14,167,874 shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"), representing 63.66% of the total shares of Common Stock outstanding and eligible to vote were represented in person or by valid proxies at the Special Meeting. This percentage constituted a quorum. The final results for each of the matters submitted to a vote of shareholders at the Special Meeting were as follows (capitalized terms used but not defined herein have the meaning given to such terms in the Proxy Statement for the Special Meeting, as filed with the SEC on December 9, 2019):

Proposal 1: The issuance of the Capped Second ECA Warrants was approved by the Company's shareholders by the votes set forth in the table below:



   For     Against Abstain Broker Non-Votes
14,053,791 93,643  20,440         --

Proposal 2: The issuance of the Capped Third ECA Securities was approved by the Company's shareholders by the votes set forth in the table below:



   For     Against Abstain Broker Non-Votes
14,053,791 93,708  20,375         --

Proposal 3: This proposal was deemed withdrawn on the date of the Special Meeting because the Capped 2019 Commitment Series B-3 Preferred Stock and the Capped 2019 Commitment Warrants were not issued. Therefore, no vote was taken with respect to Proposal 3 at the Special Meeting.

Proposal 4: The issuance of the Capped 2020 Commitment Series B-3 Preferred Stock and Capped 2020 Commitment Warrants was approved by the Company's shareholders by the votes set forth in the table below:



   For     Against Abstain Broker Non-Votes
14,049,608 97,091  21,175         --

Proposal 5: The issuance of the Capped Preferred Exchange Agreement Securities was approved by the Company's

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shareholders by the votes set forth in the table below:



   For     Against Abstain Broker Non-Votes
14,049,608 97,091  21,175         --

Proposal 6: The Rights Offering, including the issuance of Series B-3 Preferred Stock and Warrants was approved by the Company's shareholders by the votes set forth in the table below:



   For     Against Abstain Broker Non-Votes
14,050,288 96,411  21,175         --

Proposal 7: The issuance of Common Stock upon the conversion of shares of Series B-1 Preferred Stock was approved by the Company's shareholders by the votes set forth in the table below:



   For     Against Abstain Broker Non-Votes
14,050,292 96,407  21,175         --

Proposal 8: The issuance of Common Stock upon the conversion of shares of Series B-2 Preferred Stock was approved by the Company's shareholders by the votes set forth in the table below:



   For     Against Abstain Broker Non-Votes
14,050,288 96,411  21,175         --

Proposal 9: The issuance of Common Stock upon the conversion of shares of Series B-3 Preferred Stock was approved by the Company's shareholders by the votes set forth in the table below:



   For     Against Abstain Broker Non-Votes
14,050,288 96,411  21,175         --


Item 8.01  Other Events.

On January 17, 2020, the Company issued a press release providing an update regarding its previously announced rights offering, including the key dates and terms relative to the offering.

The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

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Item 9.01 Financial Statements and Exhibits.



(d) Exhibits

Exhibit Number     Description
                     Third Amended and Restated Investors Rights Agreement, dated
                   as of January 23, 2020, by and among Infrastructure and Energy
                   Alternatives, Inc., M III Sponsor I LLC, Infrastructure and
                   Energy Alternatives, LLC and Oaktree Power Opportunities Fund
10.1#              III Delaware, L.P.
                     Waiver Agreement, dated as of January 23, 2020, by and among
                   Ares Management LLC (on behalf of its affiliated funds,
                   investment vehicles and/or managed accounts) and
10.2               Infrastructure and Energy Alternatives, Inc.
                     First Amendment to Rights Offering Agreement, dated as of
                   January 27, 2020, by and among Infrastructure and Energy
                   Alternatives, Inc., Ares Special Situations Fund IV, L.P.,
                   ASOF Holdings I, L.P., Oaktree Power Opportunities Fund III
                   Delaware, L.P., Infrastructure and Energy Alternatives, LLC
10.3               and OT POF IEA Preferred B Aggregator, L.P.
99.1                 Press Release dated January 17, 2020.

# The Company agrees to furnish supplementally a copy of any omitted schedule to the Commission upon request.

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