Shareholders back PureCycle (NASDAQ: PCT) directors, auditor and executive pay
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
PureCycle Technologies, Inc. reported the results of its annual meeting of shareholders held on May 7, 2026. Shareholders elected nine directors to serve until the next annual meeting, with each nominee receiving a strong majority of votes cast.
Shareholders also ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 127,904,943 votes for and 406,709 against. In addition, on an advisory basis, shareholders approved the company’s named executive officer compensation, with 75,421,353 votes for and 12,538,570 against.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.07, 9.01
2 items
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.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Valerie Mars votes for: 87,929,314 votes
Grant Thornton ratification votes for: 127,904,943 votes
Auditor ratification votes against: 406,709 votes
+3 more
6 metrics
Valerie Mars votes for
87,929,314 votes
Director election at annual meeting
Grant Thornton ratification votes for
127,904,943 votes
Auditor ratification for fiscal year ending December 31, 2026
Auditor ratification votes against
406,709 votes
Grant Thornton LLP ratification
Say-on-pay votes for
75,421,353 votes
Advisory approval of named executive officer compensation
Say-on-pay votes against
12,538,570 votes
Advisory approval of named executive officer compensation
Broker non-votes on say-on-pay
40,253,395 votes
Advisory compensation proposal
Key Terms
broker non vote, named executive officer compensation, independent registered public accounting firm, emerging growth company
4 terms
broker non vote financial
"Abstain | | Broker Non Vote 75,421,353 | | 12,538,570 | | 294,491 | | 40,253,395"
When a broker holds shares for a client but does not have the client’s instructions to vote on a particular corporate matter, the broker often cannot cast a ballot; this is called a broker non-vote. It matters to investors because those uncast votes can change whether proposals pass, especially on important governance or merger issues, so active voting by investors can directly influence company decisions like a missing voice in a group vote.
named executive officer compensation financial
"Proposal 3 – Approve, on an advisory basis, the Company’s named executive officer compensation."
Pay and benefits disclosed for a company’s top executives identified in regulatory filings, including salary, bonuses, stock awards, option grants, pension contributions and other perks. Think of it as a public paycheck summary for senior managers that shows how they are rewarded and motivated. Investors use it to judge whether executive incentives align with shareholder interests, to assess potential costs and risks, and to evaluate corporate governance.
independent registered public accounting firm financial
"Ratify the appointment of Grant Thornton, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026."
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
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company"
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.
FAQ
What are broker non-votes in the PureCycle (PCT) voting results?
Broker non-votes represent shares held by brokers that were not voted on certain proposals. For director elections and the advisory compensation vote, 40,253,395 broker non-votes were reported, indicating shares present for quorum but not voting on those specific items.
