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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report (Date of earliest event
reported) <U>July 24, 2012</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ACORN ENERGY, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Exact name of Registrant as Specified
in its Charter)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%; border-bottom: windowtext 1pt solid; text-align: center">Delaware</TD>
    <TD STYLE="width: 30%; border-bottom: windowtext 1pt solid; text-align: center">0-19771</TD>
    <TD STYLE="width: 35%; border-bottom: windowtext 1pt solid; text-align: center">22-2786081</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State or Other Jurisdiction</TD>
    <TD STYLE="text-align: center">(Commission file Number)</TD>
    <TD STYLE="text-align: center">(IRS Employer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">of Incorporation)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-bottom: windowtext 1pt solid; text-align: center">3903 Centerville Road, Wilmington, Delaware</TD>
    <TD STYLE="width: 50%; border-bottom: windowtext 1pt solid; text-align: center">19807</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of Principal Executive Offices)</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code <U>(302) 656-1707</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT> Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT> Soliciting
material pursuant to Rule 14a-2 under the Exchange Act (17 CFR 240.14a-2)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT> Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&uml;</FONT> Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 1.01 Entry into a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On July 25, 2012, Acorn Energy, Inc.
(the &quot;Company&quot;) extended the existing consulting agreement with George Morgenstern, Chairman Emeritus and a
Director of the Company, through September 30, 2014, subject to any earlier termination as therein provided (the
&ldquo;Termination Date&rdquo;). Previously Mr. Morgenstern&rsquo;s expense allowance was $56,250 per year and was paid
one-third by the Company and two-thirds by the Company's DSIT subsidiary. Mr. Morgenstern continues to receive a fee of $1
per year, but his annualized, non-accountable expense allowance has been increased to $75,000. A pro rata portion thereof
(i.e., a total of $6,250) is paid each month, one-half by the Company and one-half by DSIT. The Company has also agreed to
cast its votes of DSIT stock for Mr. Morgenstern&rsquo;s election to the DSIT Board of Directors at all elections held
between September 11, 2012 and the Termination Date (the &ldquo;Participation Period&rdquo;), unless he has resigned
therefrom or been removed for cause. Mr. Morgenstern is also invited (but not required) to observe any regular meetings of
the Board of Directors of the Company (excluding executive sessions and committee meetings) held during the Participation
Period and will be paid $1,000 by the Company for each such meeting he attends.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On July 24, 2012, the
Board of Directors of Acorn Energy, Inc. (the &quot;Company&quot;) approved the slate of nominees for director submitted to it
by the Nominating Committee and the form of proxy statement for the Company's 2012 Annual Meeting of Stockholders to be held on
September 11, 2012 (the &quot;Meeting&quot;). George Morgenstern, Chairman Emeritus and a Director of the Company, has not been
nominated for re-election as a Director at the Meeting. As described above, after the Meeting, Mr. Morgenstern will remain with
the Company as a consultant and Chairman Emeritus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">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 on this <FONT STYLE="color: black">25th</FONT> day of July, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">ACORN ENERGY, INC.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="text-decoration: none; border-bottom: Black 1pt solid">/s/ Heather K. Mallard</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:&nbsp;</TD>
    <TD>Heather K. Mallard</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Vice President, General Counsel &amp; Secretary</TD></TR>
</TABLE>
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[{"type": "8-K", "sequence": "1", "filename": "v319450_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 11674}]
{"company-data": {"conformed-name": "ACORN ENERGY, INC.", "cik": "0000880984", "assigned-sic": "8711", "irs-number": "222786081", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33886", "film-number": "12979092"}, "business-address": {"street1": "3903 CENTERVILLE ROAD", "city": "WILMINGTON", "state": "DE", "zip": "19807", "phone": "3026561708"}, "mail-address": {"street1": "3903 CENTERVILLE ROAD", "city": "WILMINGTON", "state": "DE", "zip": "19807"}, "former-company": [{"former-conformed-name": "ACORN FACTOR, INC.", "date-changed": "20060920"}, {"former-conformed-name": "DATA SYSTEMS & SOFTWARE INC", "date-changed": "19931019"}, {"former-conformed-name": "DEFENSE SOFTWARE & SYSTEMS INC", "date-changed": "19930328"}]}
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)
July 24, 2012
ACORN ENERGY, INC.
(Exact name of Registrant as Specified
in its Charter)
Delaware
0-19771
22-2786081
(State or Other Jurisdiction
(Commission file Number)
(IRS Employer
of Incorporation)
Identification No.)
3903 Centerville Road, Wilmington, Delaware
19807
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including
area code
(302) 656-1707
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:
¨
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting
material pursuant to Rule 14a-2 under the Exchange Act (17 CFR 240.14a-2)
¨
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 1.01 Entry into a Material Definitive Agreement.
On July 25, 2012, Acorn Energy, Inc.
(the "Company") extended the existing consulting agreement with George Morgenstern, Chairman Emeritus and a
Director of the Company, through September 30, 2014, subject to any earlier termination as therein provided (the
"Termination Date"). Previously Mr. Morgenstern's expense allowance was $56,250 per year and was paid
one-third by the Company and two-thirds by the Company's DSIT subsidiary. Mr. Morgenstern continues to receive a fee of $1
per year, but his annualized, non-accountable expense allowance has been increased to $75,000. A pro rata portion thereof
(i.e., a total of $6,250) is paid each month, one-half by the Company and one-half by DSIT. The Company has also agreed to
cast its votes of DSIT stock for Mr. Morgenstern's election to the DSIT Board of Directors at all elections held
between September 11, 2012 and the Termination Date (the "Participation Period"), unless he has resigned
therefrom or been removed for cause. Mr. Morgenstern is also invited (but not required) to observe any regular meetings of
the Board of Directors of the Company (excluding executive sessions and committee meetings) held during the Participation
Period and will be paid $1,000 by the Company for each such meeting he attends.
Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 24, 2012, the
Board of Directors of Acorn Energy, Inc. (the "Company") approved the slate of nominees for director submitted to it
by the Nominating Committee and the form of proxy statement for the Company's 2012 Annual Meeting of Stockholders to be held on
September 11, 2012 (the "Meeting"). George Morgenstern, Chairman Emeritus and a Director of the Company, has not been
nominated for re-election as a Director at the Meeting. As described above, after the Meeting, Mr. Morgenstern will remain with
the Company as a consultant and Chairman Emeritus.
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 on this
25th
day of July, 2012.
ACORN ENERGY, INC.
By:
/s/ Heather K. Mallard
Name:
Heather K. Mallard
Title:
Vice President, General Counsel & Secretary