Centrus Energy Corp. filings document operating results and material events for a nuclear fuel supplier with LEU and Technical Solutions activities. Recent 8-K reports furnish quarterly and annual results, press releases on centrifuge manufacturing, enrichment operations, and expansion initiatives tied to Low-Enriched Uranium and High-Assay, Low-Enriched Uranium.
Proxy and governance filings describe director-election mechanics, executive compensation, shareholder voting standards, universal proxy procedures, forum-selection provisions, and other bylaw changes. The filing record also covers material agreements, capital-structure topics, governance matters, and disclosures related to the company’s nuclear fuel services and manufacturing programs.
Centrus Energy Corp (NYSE American: LEU) held its 2025 annual meeting of stockholders on June 20, 2025, with 69% shareholder participation (11,196,692 shares present out of 16,318,066 outstanding shares).
Three key proposals were voted on:
- Board Elections: Seven directors were elected, with Stephanie O'Sullivan and Ray A. Rothrock receiving the highest approval rates (96% and 96.2% respectively), while William J. Madia received the lowest support (69%).
- Say-on-Pay: The executive compensation package was approved with 90.1% support (5,632,737 votes in favor).
- Auditor Appointment: Shareholders overwhelmingly ratified Deloitte & Touche LLP as independent auditors for 2025, with 97.7% approval (10,942,858 votes in favor).
Centrus Energy has secured a significant contract amendment with the U.S. Department of Energy regarding its HALEU (High-Assay, Low-Enriched Uranium) Demonstration Cascade project. The original contract's first three-year option period has been split into two parts:
Key Financial Terms:
- Option 1a (1-year): Target cost of $99.3 million with fee of $8.7 million
- Option 1b (2-years): Target cost of $163.5 million with fee of $15.2 million
- DOE has exercised Option 1a, valued at approximately $110 million, extending performance to June 30, 2026
The amendment acknowledges that Option 1b's estimated cost is insufficient due to cost increases since the original contract award. ACO must submit a revised cost proposal before DOE considers Option 1b. All HALEU produced under this contract remains Department property.