Business Context and Reporting Period
This Form 8-K filing by Ormat Technologies, Inc. reports the results of the 2026 Annual Meeting of Stockholders held on June 4, 2026. The company is incorporated in Delaware and trades on the NYSE under the symbol ORA.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting outcomes.
Material Changes and Voting Results
Stockholders voted on three proposals. All proposals were approved by the majority of votes cast.
Proposal 1: Election of Directors
Eight individuals were elected to the Board to serve until the 2027 annual meeting. Voting results were as follows:
| Director | Votes For | Votes Against | Votes Abstained |
|---|---|---|---|
| Isaac Angel | 48,787,627 | 1,364,629 | 19,326 |
| Ravit Barniv | 49,900,416 | 251,992 | 19,174 |
| Karin Corfee | 49,796,002 | 357,102 | 18,478 |
| David Granot | 48,767,280 | 1,385,638 | 18,664 |
| Michal Marom | 47,481,759 | 2,670,000 | 19,823 |
| Dafna Sharir | 48,635,863 | 1,510,070 | 25,649 |
| Stanley B. Stern | 48,713,601 | 1,439,644 | 18,337 |
| Byron G. Wong | 49,896,718 | 255,572 | 19,292 |
Proposal 2: Executive Compensation (Say-on-Pay)
Stockholders approved the compensation of Named Executive Officers on a non-binding advisory basis.
- Votes For: 47,012,094
- Votes Against: 3,103,710
- Votes Abstained: 55,778
Proposal 3: Ratification of Auditors
Stockholders ratified the appointment of Kesselman & Kesselman (a member of PricewaterhouseCoopers International Limited) as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
- Votes For: 51,202,458
- Votes Against: 92,147
- Votes Abstained: 83,935
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to reporting the vote tallies.
Key Facts for Investor Verification
- Verify the tenure of the newly elected directors, which extends until the 2027 annual meeting.
- Note the significant number of votes against Michal Marom (2,670,000) compared to other directors, which may warrant review of the 2026 Proxy Statement for context.
- Confirm the engagement of Kesselman & Kesselman as the auditor for the fiscal year ending December 31, 2026.
- Review the 2026 Proxy Statement for detailed rationale behind the executive compensation package approved in Proposal 2.