8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 8, 2015

POWERSECURE INTERNATIONAL, INC.

(Exact name of Registrant as specified in its charter)

Delaware	1-12014	84-1169358
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

1609 Heritage Commerce Court, Wake Forest, North Carolina	27587
(Address of principal executive offices)	(Zip code)

Registrant’s telephone number, including area code: (919) 556-3056

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On January 8, 2015, PowerSecure International, Inc., a Delaware corporation (the “Company”), issued a press release announcing that the Company will present at the 17^th Annual Needham Growth Conference at the New York Palace Hotel in New York City at 11:20 a.m., Eastern time, on Thursday, January 15, 2015 (the “Conference”). The Company’s presentation and participation at the Conference will be led by Eric Dupont, the Executive Vice President of Finance and Administration of the Company, and John D. Bluth, the Senior Vice President of Investor Relations and Corporate Communications of the Company, and will include information about the Company’s business operations, financial results, strategic initiatives and prospects for the future.

A copy of the press release issued by the Company announcing the Company’s participation at the Conference is filed herewith as Exhibit 99.1 and incorporated herein by this reference. The slide presentation to be given at the Conference, along with a link to the audio webcast to the Conference, is available on the Investor Relations section of the Company’s website at www.powersecure.com, and a copy of the slide presentation is filed herewith as Exhibit 99.2 and incorporated herein by this reference. Sidney Hinton, the President and Chief Executive Officer of the Company, and Messrs. Dupont and Bluth may also be giving this slide presentation from time to time, on and after the date this Report is filed, to other investors, investment analysts and other members of the financial and investment community.

The slide presentation filed herewith as Exhibit 99.2 contains forward-looking statements made within the meaning of and pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. A more thorough discussion of certain risks, uncertainties and other factors that may affect the Company is included in the Company’s most recent Annual Report on Form 10-K and in subsequent reports, including Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, that the Company files or furnishes with the Securities and Exchange Commission.

The information in this Item 7.01, including Exhibit 99.2, is being furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release of PowerSecure International, Inc., issued January 8, 2015, announcing its participation at the 17^th Annual Needham Growth Conference

99.2 Investment Slide Presentation of PowerSecure International, Inc., dated January 2015

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

POWERSECURE INTERNATIONAL, INC.
By:	/s/ Eric Dupont
	Eric Dupont
	Executive Vice President of Finance and Administration

Dated: January 15, 2015

3

EX-99.1

Exhibit 99.1

POWERSECURE TO PRESENT AT THE 17^TH ANNUAL

NEEDHAM GROWTH CONFERENCE

WAKE FOREST, N.C. – January 8, 2015 – PowerSecure International, Inc. (NYSE: POWR) will present at the 17^th annual Needham Growth Conference at the New York Palace hotel in New York City at 11:20 a.m. ET on Thursday, January 15, 2015.

A link to an audio webcast of the event will be available on the Investor Relations section of the company’s web site at www.powersecure.com.

About PowerSecure

PowerSecure International, Inc. is a leading provider of utility and energy technologies to electric utilities, and their industrial, institutional and commercial customers. PowerSecure provides products and services in the areas of Interactive Distributed Generation ^® (IDG^®), energy efficiency and utility infrastructure.

The company is a pioneer in developing IDG^® power systems with sophisticated smart grid capabilities, including the ability to 1) forecast electricity demand and electronically deploy the systems to deliver more efficient, and environmentally friendly, power at peak power times, 2) provide utilities with dedicated electric power generation capacity to utilize for demand response purposes and 3) provide customers with the most dependable standby power in the industry. Its proprietary distributed generation system designs utilize a range of technologies to deliver power, including renewables.

The company’s energy efficiency products and services include energy efficient lighting solutions that utilize LED technologies to improve lighting quality, and the design, installation and maintenance of energy conservation measures which we offer, primarily as a subcontractor, to large energy service company providers, called ESCOs, for the benefit of commercial, industrial and institutional customers as end users.

PowerSecure also provides electric utilities with transmission and distribution infrastructure maintenance and construction services, and engineering and regulatory consulting services. Additional information is available at www.powersecure.com.

Contact:

John Bluth

PowerSecure International, Inc.

+1 919 453 2103

# # #

EX-99.2

January 2015

Exhibit 99.2

2   |   ©

2014 PowerSecure. All rights reserved.

Forward-Looking Statements

Safe Harbor–

All

forward-looking

statements

made

or

referred

to

in

this

presentation

are

made

under

the

safe

harbor

provisions

of

the

Private

Securities

Litigation

Reform

Act

of

1995.

Forward-looking

statements,

which

are

all

statements

other

than

statements

of

historical

facts

and

include

beliefs,

opinions,

estimates,

expectations

and

projections

about

future

business

developments,

opportunities,

financial

guidance,

prospects,

and

outlook,

are

not

guarantees

of

future

performance

or

events

but

are

based

upon

current

assumptions

and

subject

to

risks,

uncertainties

and

other

factors

that

could

cause

actual

results

to

differ

materially

from

those

expressed,

projected

or

implied,

including

risks

and

uncertainties

set

forth

in

the

Company's

SEC

filings,

including

but

not

limited

to

the

Company’s

most

recent

Form

10-K

and

subsequent

SEC

filings

including

reports

on

Form

8-K

and

Form

10-Q.

Any

forward-looking

statements

in

this

presentation

speak

only

as

of

the

date

hereof

and

are

subject

to

change,

and

the

Company

assumes

no

duty

or

obligation

to

update

or

revise

any

forward-looking

statements.

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2014 PowerSecure. All rights reserved.

NYSE:

POWR

PowerSecure: Who We Are Today

Record Backlog:

$360M

(50% YoY Growth)

>700

Employees

Focused

On Operational Excellence

Strong

Balance Sheet

TTM Revenues:

$248M

Headquarters:

Wake Forest, NC

4   |   ©

2014 PowerSecure. All rights reserved.

•

Revenues of $65.0 million

(vs. guidance of $62-$67 million)

•

Gross margin of 27.8%

(vs. guidance of  22-24%)

•

GAAP EPS of ($0.02)

(vs. guidance of ($0.10)-($0.03))

•

Record backlog grows to $360 million

(vs. $240 million at Nov 2013)

•

$43.9 million in cash, $23.7 million in term debt and capital leases,         

nothing drawn on $20 million revolving credit facility

•

Realigned management team to maximize focus on operational excellence

and deliver strong operating margins

Solid Q3 Execution

5   |   ©

2014 PowerSecure. All rights reserved.

PowerSecure: Utility Focused

Energy Efficiency

Products/Services

5   |   ©

2014 PowerSecure. All rights reserved.

Utility

Infrastructure

Solutions

Distributed

Generation

Systems

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2014 PowerSecure. All rights reserved.

PowerSecure Distributed Generation: 

Differentiated Solution=Superior Reliability & ROI

Electric

Utility

Customer

Facility

•

24/7 monitoring: standby and peak shaving

•

Proprietary internet-based monitoring, dispatch and control

•

“No Pain”

demand response

•

98.2% reliability

•

Utility tariff and interconnect experts

•

Solar DG capability

Interactive

Distributed

Generation

®

System

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2013 PowerSecure. All rights reserved.

DG: Hospital & Data Center Growth Drivers

•

Focused hospital and data center

sales teams

•

Proprietary PowerBlock solution

drivers higher ROI for customers

•

70% bi-fuel capability delivers

environmental & economic benefits

•

18-24 month sales cycle

•

Mission critical acquisition expands

data center capabilities 

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2013 PowerSecure. All rights reserved.

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2013 PowerSecure. All rights reserved.

•

Full turnkey electrical infrastructure, design,

implementation and commissioning to data

center owners.

•

Established market leader

•

$24M in TTM revenue, generating $7.8M in

operating income (unaudited)

•

December: Announced $10M in new business

•

Anticipated to be slightly dilutive in              

Q4 2014, meaningfully  accretive in 2015

•

Speeds access to key data center        

decision makers

PDI Acquisition Enhances Data Center Team

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2013 PowerSecure. All rights reserved.

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2013 PowerSecure. All rights reserved.

•

In-house turnkey EPC capability

•

Strategic offering integrated into

microgrid solutions

•

$120M in utility scale solar projects

announced in July 2014 

-

Two $60M projects with one of largest

IOUs in U.S.

-

Accretive to net income & EPS

Integrated Solar Capability

9   |   ©

2013 PowerSecure. All rights reserved.

Purchased

solar business

for $4M in

June 2012

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2014 PowerSecure. All rights reserved.

•

T&D maintenance and construction

•

Substation products and services

•

Advanced metering and lighting

installation

•

Storm repair and restoration

•

Utility engineering and design

•

Regulatory consulting and rate design

•

Cyber security and NERC-CIP

compliance consulting services

Utility Infrastructure: 

Direct Service to our Utility Customers

11   |   ©

2014 PowerSecure. All rights reserved.

•

Department store/high-end retail lighting

-

Solais product line adds new customers

•

Utility lighting

-

Utilities and municipalities

-

Energy and maintenance savings drive payback

-

Opportunity: millions of lights across U.S.

•

Grocery, drug, and convenience stores

-

Best-in-class lights for freezer/refrigerated cases

•

Commercial & industrial lighting

-

New targeted/niche product recently launched

Energy Efficiency: LED Solutions

12   |   ©

2014 PowerSecure. All rights reserved.

Solais Acquisition Adds Value

•

Significant sourcing and manufacturing

expertise

•

Adding substantial efficiencies to

manufacturing of PowerSecure’s existing

LED solutions

•

Q3 2014 LED gross margin:

•

39.2% =  +13 percentage points y-o-y

•

Outstanding proprietary portfolio of LED

lamps and fixtures for commercial and

Industrial applications

•

Superior light output, thermal

management, optics, light quality and

aesthetics

Purchased

Solais lighting

business

for $15 M

April 2013

12   |   ©

2014 PowerSecure. All rights reserved.

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2014 PowerSecure. All rights reserved.

•

Serve major energy services companies (ESCO) with lighting, mechanical,

water and building envelope solutions to deliver energy efficiency savings

•

Delivered $2.3M in profit in 2013 (following March 2013 acquisition)

•

Opens new customer channels for DG and LED lighting solutions

•

Recently

sold

1

st

DG

system

through

ESCO

customer

channel

•

Acquisition expands customer channel to include retail customers

Energy Efficiency Services

14   |   ©

2014 PowerSecure. All rights reserved.

PowerSecure: Utility Focused

Energy Efficiency

Products/Services

Utility

Infrastructure

Solutions

Distributed

Generation

Systems

14   |   ©

2014 PowerSecure. All rights reserved.

Thank you