---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-025706"
form_type: "8-K"
ticker: "ASPN"
cik: "0001145986"
company_name: "ASPEN AEROGELS INC"
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:00:03.623937+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Aspen Aerogels shareholders approve doubling of authorized shares to 250M and 2023 equity plan

## Summary
- Shareholders approved amendment increasing authorized common shares from 125M to 250M (48.8M for, 13.3M against).
- Approved the 2023 Equity Incentive Plan authorizing 3M new shares plus rollover from prior plan (35.1M for, 9.2M against).
- Approved officer exculpation amendment under new Delaware law (40.8M for, 4.5M against).
- Directors Steven R. Mitchell and Donald R. Young reelected as Class III directors until 2026 annual meeting.
- Director Richard F. Reilly's term ended at the annual meeting; no replacement named.

## SEC filing metadata
- accession: 0000950170-23-025706
- form_type: 8-K
- ticker: ASPN
- cik: 0001145986
- company_name: ASPEN AEROGELS INC
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.07, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145986/000095017023025706/0000950170-23-025706-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145986/000095017023025706/aspn-20230601.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-025706
- JSON: https://secwatch.observer/filing/0000950170-23-025706.json
- Plain text: https://secwatch.observer/filing/0000950170-23-025706.txt

## Key facts
- Governance Changes
  ASPEN AEROGELS INC: Stockholders approved amendments to the Certificate of Incorporation to add officer exculpation provisions under new Delaware law and to increase authorized common shares from 125,000,000 to 250,000,000 (effective 2023-06-01).
  - Change: charter amendment
  - Effective: 2023-06-01
  source text: The Amendments became effective upon the Company’s filing of a Certificate of Amendment to the Certificate of Incorporation with the Secretary of State of Delaware on June 1, 2023 (the “Certificate of Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1145986/000095017023025706/0000950170-23-025706-index.htm
- Shareholder Votes
  ASPEN AEROGELS INC shareholders approved Approval of the Aspen Aerogels 2023 Equity Incentive Plan at the 2023-06-01 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2023-06-01
  source text: the Company’s stockholders approved the adoption of the Aspen Aerogels 2023 Equity Incentive Plan
  evidence_url: https://www.sec.gov/Archives/edgar/data/1145986/000095017023025706/0000950170-23-025706-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.