Fed’s Powell opens door to potential rate cuts at Jackson Hole
ClearSign Technologies Corp (NASDAQ:CLIR) held its annual meeting of stockholders on Friday. According to a press release statement based on the company’s SEC filing, shareholders voted on three proposals, including the election of directors, the appointment of an independent accounting firm, and executive compensation.
At the start of the meeting, 37,126,224 shares were present or represented by proxy, constituting 70.82% of the company’s outstanding voting stock. Six nominees were elected to the board of directors: Louis J. Basenese, Colin James Deller, Anthony DiGiandomenico, Catharine M. de Lacy, Judith S. Schrecker, and G. Todd Silva. Each will serve until the election and qualification of their successor or earlier departure. The company noted that David M. Maley did not stand for re-election, and the size of the board was reduced from seven to six members following the meeting.
Shareholders also approved, on an advisory basis, the appointment of BPM CPA LLP as ClearSign’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The vote tallied 34,031,612 in favor, 2,960,630 against, and 133,982 abstentions, with no broker non-votes recorded for this proposal.
Additionally, stockholders approved, on an advisory basis, the compensation paid to the company’s named executive officers. The results showed 20,433,300 votes in favor, 3,851,598 against, 2,208,293 abstentions, and 10,633,033 broker non-votes.
The information in this article is based on a press release statement and the company’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, ClearSign Technologies Corp reported a notable decline in its Q1 2025 revenue, which fell to $400,000 from $1,100,000 in the same quarter the previous year. The company also experienced an increase in its net loss by approximately $1,000,000. Despite these financial setbacks, ClearSign Technologies made changes to its board committees. Catharine M. de Lacy resigned from the Audit and Risk Committee, with G. Todd Silva and Louis J. Basenese appointed as new members. Judith S. Schrecker continues to serve as the chairperson, and David M. Maley will remain a member until his term ends after the 2025 annual meeting of stockholders. These recent developments indicate ongoing organizational adjustments within the company.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.