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NET Power (NYSE: NPWR) investors approve board slate and KPMG

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(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

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

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Negative

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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.
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
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"
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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): June 3, 2026
NET POWER INC.
(Exact name of registrant as specified in its charter)
Delaware
001-4050398-1580612
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
320 Roney St., Suite 200
Durham, North Carolina
27701
(Address of principal executive offices)(Zip Code)
(919) 287-4750
(Registrant’s telephone number, including area code)
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:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Common Stock, par value $0.0001 per shareNPWRThe New York Stock Exchange
Warrants, each exercisable for one share of Class A Common Stock at a price of $11.50
NPWR WSThe New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o


Item 5.07 Submission of Matters to a Vote of Security Holders.
NET Power Inc. (the “Company”) held its annual meeting of stockholders on June 3, 2026. For more information on the following proposals submitted to stockholders, see the Company’s definitive proxy statement dated April 23, 2026. Below are the final voting results.

Proposal No. 1 - Election of Directors

The following three individuals were elected to the Company’s Board of Directors to serve as Class III directors until the Company’s 2029 annual meeting of stockholders and until their successors have been duly elected and qualified.

NameVotes ForVotes WithheldBroker Non-Votes
Joseph Kelliher169,556,7644,166,15317,096,817
Brad Pollack173,335,018387,89917,096,817
Daniel J. Rice IV173,561,348161,56917,096,817

Proposal No. 2 - Ratification of Independent Registered Public Accounting Firm

The appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 was ratified.

Votes ForVotes AgainstVotes Abstained
190,733,67653,52032,538


SIGNATURE
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.
Dated:June 5, 2026NET POWER INC.
By:/s/ Daniel J. Rice IV
Name:Daniel J. Rice IV
Title:Chief Executive Officer

Source: View Original Filing on SEC EDGAR

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.

Filing Exhibits & Attachments

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