Ormat shareholders elect two new independent directors, approve amended incentive plan

ORMAT TECHNOLOGIES, INC.

Shareholders elected Michal Marom and Karin Corfee to board, replacing Dan Falk and Albertus Bruggink.
Marom will chair audit committee and serve on compensation committee; Corfee brings 30 years energy industry experience.
Approved amended 2018 Incentive Compensation Plan increasing shares authorized and implementing one-year minimum vesting.
One-third of board now represented by women.
All nine director nominees elected; auditor ratification and say-on-pay passed.

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