ESS Tech stockholders approve director election and share issuance at annual meeting

ESS Tech, Inc. (NYSE:GWH), which has seen its stock surge nearly 379% in the past week according to InvestingPro data, held its reconvened 2025 Annual Meeting of Stockholders on Monday via live webcast, following an initial adjournment on October 6 due to lack of quorum. The company, currently valued at approximately $145 million, has been drawing significant investor attention despite challenging fundamentals. According to a statement based on a Securities and Exchange Commission filing, 7,667,105 shares out of 14,740,884 outstanding common shares were present or represented by proxy.

At the meeting, stockholders elected Rich Hossfeld as a Class I director to serve until the 2028 annual meeting. Hossfeld received 7,439,737 votes in favor and 227,368 votes withheld.

Stockholders also ratified the appointment of KPMG LLP as ESS Tech’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The vote results were 7,586,982 in favor, 73,727 against, and 6,396 abstentions.

Additionally, stockholders approved, for purposes of complying with New York Stock Exchange listing rules, the issuance of common stock exceeding 19.99% of the company’s outstanding shares. This approval covers up to $25 million of securities under a standby equity purchase agreement and up to 129,312 shares upon exercise of certain warrants. The proposal received 7,434,603 votes in favor, 120,785 against, and 111,717 abstentions.

All proposals were described in the company’s proxy statement filed with the SEC on September 22, 2025.

ESS Tech’s common stock and warrants are listed on the New York Stock Exchange under the symbols NYSE:GWH and NYSE:GWH.W, respectively.

The information in this article is based on a statement from a press release and the company’s SEC filing.

In other recent news, ESS Tech Inc. reported a significant revenue increase for Q2 2025, with a 294% year-over-year growth, reaching $2.4 million. Despite ongoing net losses, the company’s strategic initiatives and operational improvements have positively impacted market perception. Additionally, ESS Tech has secured a substantial agreement with Salt River Project (SRP) to deploy a 5 megawatt, 50 megawatt-hour iron flow battery system at the Copper Crossing Energy and Research Center in Florence, Arizona. This project, named New Horizon, will operate under a ten-year energy storage agreement and is expected to be completed by December 2027.

In another development, ESS Tech has scheduled its 2025 annual meeting of stockholders for October 6, with a proposal deadline set for September 8. The company emphasized the importance of adhering to this deadline, as proposals received afterward will not be included in the proxy materials. These recent developments highlight ESS Tech’s ongoing efforts to expand its market presence and technological advancements.

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