OPAL Fuels Inc. Form 8-K Summary
Business Context and Reporting Period
OPAL Fuels Inc. filed this Current Report on June 23, 2023, reporting the results of its 2023 Annual Meeting of Stockholders held on the same date. The company is an emerging growth company, and its Class A common stock trades on Nasdaq under the symbol OPAL.
Meeting and Voting Results
As of the April 24, 2023 record date, OPAL had 27,694,332 outstanding Class A shares with one vote per share and 144,399,037 outstanding Class D shares with five votes per share, representing 749,689,517 total votes. A quorum was present with 737,659,033 votes represented in person or by proxy.
| Proposal | Result |
|---|---|
| Election of seven directors | All seven nominees were elected to serve until the 2024 annual meeting or until their successors are elected and qualified. |
| Ratification of BDO USA, LLP | Appointment as independent registered public accounting firm for the year ending December 31, 2023 was ratified. |
Detailed Vote Results
| Director nominee | For | Withheld | Broker non-votes |
|---|---|---|---|
| Mark Comora | 731,283,912 | 2,291,193 | 4,083,928 |
| Betsy L. Battle | 732,231,052 | 1,344,053 | 4,083,928 |
| Scott Dols | 732,231,052 | 1,344,053 | 4,083,928 |
| Kevin M. Fogarty | 733,358,460 | 216,645 | 4,083,928 |
| Marco F. Gatti | 733,358,425 | 216,680 | 4,083,928 |
| Nadeem Nisar | 731,284,260 | 2,290,845 | 4,083,928 |
| Ashok Vemuri | 733,358,459 | 216,646 | 4,083,928 |
Auditor ratification votes were 737,621,288 for, 36,195 against, and 1,550 abstentions, with no broker non-votes.
Financial Metrics, Outlook, and Material Changes
This filing does not provide revenue, profit, cash flow, margins, debt, liquidity, guidance, operating outlook, or other financial metrics. It reports no material operating or financial changes, contingencies, or unusual items beyond the annual meeting voting results.
Investor Verification Points
- Confirm the continued composition and terms of the seven-member board through the 2024 annual meeting.
- Review the company’s proxy statement for director qualifications, governance matters, and proposal descriptions.
- Confirm BDO USA, LLP’s role as the independent registered public accounting firm for fiscal 2023.
- Consider the substantial voting control associated with the Class D shares, which carry five votes per share.