NET Power holders back directors and auditor
NET Power Inc. reported the final voting results from its annual meeting of stockholders held on June 3, 2026.
Rhea-AI Filing Summary
NET Power Inc. reported the final voting results from its annual meeting of stockholders held on June 3, 2026. Stockholders elected three Class III directors—Joseph Kelliher, Brad Pollack, and Daniel J. Rice IV—to serve until the 2029 annual meeting and until their successors are elected and qualified.
Support for the nominees was strong, with each receiving over 169 million votes in favor. Stockholders also ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with over 190 million votes cast in favor.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Votes for Joseph Kelliher: 169,556,764 votes
Votes for Brad Pollack: 173,335,018 votes
Votes for Daniel J. Rice IV: 173,561,348 votes
+3 more
6 metrics
Votes for Joseph Kelliher
169,556,764 votes
Election as Class III director
Votes for Brad Pollack
173,335,018 votes
Election as Class III director
Votes for Daniel J. Rice IV
173,561,348 votes
Election as Class III director
Votes for KPMG ratification
190,733,676 votes
Auditor for fiscal year ending December 31, 2026
Votes against KPMG ratification
53,520 votes
Auditor ratification proposal
Abstentions on KPMG ratification
32,538 votes
Auditor ratification proposal
Key Terms
broker non-votes, independent registered public accounting firm, emerging growth company, annual meeting of stockholders
4 terms
broker non-votes financial
"Name | Votes For | Votes Withheld | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"The appointment of KPMG LLP as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
emerging growth company regulatory
"Emerging growth company x"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
annual meeting of stockholders financial
"held its annual meeting of stockholders on June 3, 2026"
FAQ
What did NET Power Inc. (NPWR) stockholders vote on at the 2026 annual meeting?
Stockholders voted on electing three Class III directors and ratifying KPMG LLP as independent auditor. All three director nominees were elected, and KPMG was ratified for the fiscal year ending December 31, 2026, with strong shareholder support.
Which directors were elected to NET Power Inc.’s (NPWR) board in 2026?
Joseph Kelliher, Brad Pollack, and Daniel J. Rice IV were elected as Class III directors. They will serve until the 2029 annual meeting of stockholders and until their successors are duly elected and qualified, reflecting broad shareholder backing.
How many votes did NET Power Inc. (NPWR) director nominees receive?
Joseph Kelliher received 169,556,764 votes for, Brad Pollack 173,335,018, and Daniel J. Rice IV 173,561,348. Each nominee also had a relatively small number of votes withheld, plus over 17 million broker non-votes recorded on the proposal.
Did NET Power Inc. (NPWR) stockholders ratify KPMG as auditor for 2026?
Yes. Stockholders ratified KPMG LLP as NET Power’s independent registered public accounting firm for the year ending December 31, 2026, with 190,733,676 votes for, 53,520 against, and 32,538 abstentions, indicating very strong approval of the auditor selection.
What are broker non-votes in NET Power Inc.’s (NPWR) 2026 election results?
Broker non-votes are shares held by brokers that did not receive voting instructions from beneficial owners on a proposal. For the director elections, NET Power reported 17,096,817 broker non-votes on each nominee, which did not count as votes for or against.
AI-generated analysis. How Rhea-AI works. Not financial advice.
