8-K
filed May 10, 2023, 7:59 PM ET
ticker ORA
CIK 0001296445
other
confidence high
sentiment neutral
materiality 0.10
Ormat shareholders elect all nine director nominees at 2023 annual meeting
ORMAT TECHNOLOGIES, INC.
- All nine director nominees elected; Isaac Angel received 51.2M for, 1.5M against, with 910.9K broker non-votes.
- Kesselman & Kesselman (PwC) ratified as independent auditor for FY 2023 with 51.7M for, 1.4M against.
- Non-binding advisory vote on named executive officer compensation approved with 50.2M for, 2.4M against.
- Advisory vote on frequency of say-on-pay set to one year; received 47.2M votes for one year.
- Company will hold future advisory votes on executive compensation every one year until next required vote.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ORMAT TECHNOLOGIES, INC. shareholders approved Election of nine directors at the 2023-05-09 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 1 - Election of directors The stockholders elected the following nine individuals to the Company’s board of directors (the “Board”) to serve as directors until the 2024 Annual Meeting of Stockholders and until their successors have been duly elected and qualified or until their earlier death, resignation, retirement, disqualification or removal from office: Votes For Votes Against Votes Abstained Broker Non-Votes Isaac Angel 51,166,968 1,469,108 17,801 910,877 Karin Corfee 52,527,234 110,742 15,902 910,876 David Granot 46,302,493 6,332,826 18,559 910,876 Michal Marom 45,396,468 7,158,744 18,666 990,876 Mike Nikkel 52,303,218 332,576 18,084 910,876 Dafna Sharir 51,314,124 1,323,944 15,810 910,876 Stanley B. Stern 47,265,988 5,369,165 18,724 910,877 Hidetake Takahashi 52,239,562 397,728 16,521 910,943 Byron G. Wong 52,370,740 266,138 16,932 910,944
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ORMAT TECHNOLOGIES, INC. shareholders approved Approval of the frequency of the advisory stockholder vote on the compensation of the Company’s named executive officers in a non-binding, advisory vote at the 2023-05-09 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 4 - Approval of the frequency of the advisory stockholder vote on the compensation of the Company ’ s named executive officers in a non-binding, advisory vote The stockholders voted as follows in a non-binding, advisory vote, the frequency of the advisory stockholder vote on the compensation of the Company’s executive officers: One Year Two Years Three Years Votes Abstained Broker Non-Votes 47,240,433 5,233 1,027,907 219,0875 3,100,307
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ORMAT TECHNOLOGIES, INC. shareholders approved Approval of the compensation of the Company’s named executive officers in a non-binding, advisory vote at the 2023-05-09 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 3 - Approval of the compensation of the Company ’ s named executive officers in a non-binding, advisory vote The stockholders approved, in a non-binding, advisory vote, the compensation paid to the Company’s named executive officers. Votes For Votes Against Votes Abstained Broker Non-Votes 50,214,564 2,381,077 58,237 910,876
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
ORMAT TECHNOLOGIES, INC. shareholders approved Ratification of appointment of Kesselman & Kesselman for 2023 at the 2023-05-09 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
Proposal 2 - Ratification of appointment of Kesselman & Kesselman for 2023 The stockholders ratified the appointment of Kesselman & Kesselman, a member of PricewaterhouseCoopers International Limited, as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. Votes For Votes Against Votes Abstained 51,682,495 1,371,066 54,817
View on SEC.gov
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