Ellen T. Albrecht
On June 2, 2022, the Board of Directors (“Board”) of Fuel Tech, Inc. (“Fuel Tech” or the “Registrant”) appointed Ellen T. Albrecht to the position of Vice President, Chief Financial Officer and Treasurer.
Highest-materiality recent filing
Fuel Tech Q2 2026 net loss widens to $1.2M; CEO Vincent Arnone to be succeeded by Ramesh Nuggihalli
Q2 2026 revenue $6.5M (+17% YoY); net loss $(1.2)M vs $(0.7)M; EPS $(0.04) vs $(0.02).
Fuel Tech appoints Ramesh Nuggihalli as CEO; Vincent Arnone retires
Vincent J. Arnone retires as CEO and President effective Aug 10, 2026; remains on board.
Fuel Tech annual meeting elects all four directors, ratifies auditor, passes advisory say-on-pay
Shareholders elected directors Arnone, Bailey, Jones, and Zeitler; votes for ranged from 9.9M to 12.3M.
Fuel Tech Q1 net loss widens to $1.4M; revenue down 5% YoY
Revenue $6.1M (-5% YoY); net loss $(1.4)M ($(0.04)/share) vs $(0.7)M loss a year ago.
CEO Vincent Arnone awarded 20,850 Look-Back RSUs (50% of 41,700 target); CFO Albrecht 8,350; SVP Cummings 6,250.
Fuel Tech Q4 revenue up 37% to $7.2M; FY net loss $(2.3)M vs $(1.9)M prior year
Q4 consolidated revenue $7.2M (+37% YoY); net loss $(1.2)M ($(0.04)/share) vs $(1.9)M loss prior year.
Fuel Tech adopts 2026 APC and FUEL CHEM commission plans for SVP Sales and NSM
Compensation Committee adopted 2026 APC Plan for SVP Sales (W.E. Cummings, Jr.) and NSM; effective Jan 1, 2026.
Fuel Tech reports Q3 net income $303k, APC backlog up to $9.5M; acquires Wahlco IP for $350k
Q3 revenue $7.5M (vs $7.9M); net income $303k ($0.01/sh) vs $80k ($0.00) YoY.
Fuel Tech Q2 revenue down 20% to $5.6M, net loss $(0.02)/sh; backlog drops to $7.8M
Revenue $5.6M vs $7.0M; net loss $(689K) ($0.02/sh) vs $(421K) ($0.02/sh).
All four director nominees elected: Vincent J. Arnone, Douglas G. Bailey, Sharon L. Jones, Dennis L. Zeitler.
Fuel Tech updates corporate presentation; no material changes disclosed
Updated corporate presentation posted on company website as of May 21, 2025.
Fuel Tech Q1 revenue rises 29% to $6.4M; backlog up 66%; net loss narrows
Revenue rose 29% to $6.4M; gross margin expanded to 46.4% from 40.9%.
Fuel Tech sets 2025-2026 executive RSU targets and corporate incentive plans
Awarded 20,850 Look-Back RSUs to CEO Arnone for 2024; no other RSU components earned.
Fuel Tech Q4 net loss widens to $1.9M; FY 2024 revenue $25.1M at low end of guidance
Q4 2024 revenue $5.3M (down 16% YoY); gross margin 42.3% vs 51.1%.
Fuel Tech adopts 2025 sales commission plans for SVP Sales and National Sales Manager
Compensation Committee approved 2025 APC Officer & NSM Commission Plan covering U.S. and Canada sales.
Fuel Tech posts updated corporate presentation; content not available for analysis
Company filed Form 8-K announcing updated corporate presentation on website.
Fuel Tech Q3 net income $80k vs $459k; new APC orders $2.0M; cash $31.3M, no debt
Q3 2024 revenues $7.9M (down from $8.0M); net income $80k ($0.00 EPS) vs $459k ($0.01 EPS) YoY.
Fuel Tech posts updated corporate presentation with no material changes disclosed
Presentation published August 27, 2024; no financial results or operational updates provided in the filing.
Fuel Tech Q2 revenue up 29% to $7.0M; net loss narrows, new APC bookings $5.0M
Revenue $7.0M (+29% YoY); net loss $(0.4)M ($0.01 loss per share) vs $(1.0)M loss in Q2 2023.
Fuel Tech voids charter amendment to increase authorized shares after lacking approval
On June 6, 2024, Fuel Tech filed a Certificate of Amendment to increase authorized shares to 60 million.
Fuel Tech stockholders elect directors, approve 60M share increase and 2024 incentive plan
All four director nominees elected: Arnone (10.8M for), Bailey (9.9M), Jones (11.9M), Zeitler (11.8M).
Fuel Tech stockholders approve increase in authorized common shares from 40M to 60M
Stockholders approved amendment to Certificate of Incorporation at annual meeting on June 6, 2024.
Fuel Tech Q1 revenue down 32% to $5.0M; net income $281k on $1.7M ERC credit
Q1 2024 revenue $5.0M vs $7.3M YoY; net income $281k ($0.01/sh) vs net loss $(414k).
Fuel Tech adopts 2024 incentive plans tied to $250K operating income threshold; CEO gets $50K bonus
2024 CIP: pool funded at 25% of Operating Income beyond $250K, capped at $3M.
Fuel Tech reports Q4 net loss of $539K; APC backlog up to $7.5M
Q4 2023 revenue $6.3M vs $7.0M in Q4 2022; full-year revenue $27.1M (+1% YoY).
Fuel Tech awards Look-Back RSUs to three executives; no other performance RSUs granted
CEO granted 31,100 Look-Back RSUs (target 41,700); CFO 12,500 (target 16,700); SVP Sales 9,400 (target 12,500).
Fuel Tech adopts 2024 sales commission plans for SVP and National Sales Manager
Compensation Committee approved 2024 APC Plan for Senior VP Sales and National Sales Manager, effective Jan 1-Dec 31, 2024.
Fuel Tech Q3 net income $0.5M ($0.02 EPS); revenue flat at $8.0M, APC segment up 36%
Net income $0.5M ($0.02/shr) vs $0.3M ($0.01) in Q3 2022.
Fuel Tech posts updated corporate presentation on website; no specific figures disclosed
Company posted an updated corporate presentation dated September 12, 2023 on its website.
Fuel Tech Q2 revenue falls to $5.5M, net loss $(0.03)/share vs $(0.01) YoY
Revenue $5.5M vs $6.4M Q2 2022; net loss $(1.0)M ($0.03/share) versus loss $(0.4)M ($0.01/share).
Fuel Tech stockholders elect all four director nominees, ratify auditor, approve say-on-pay
All four director nominees elected: Vincent J. Arnone, Douglas G. Bailey, Sharon L. Jones, Dennis L. Zeitler.
CEO Vincent Arnone eligible for up to 166,800 RSUs per year (2023/2024) based on four metrics.
Fuel Tech Q1 revenue up 32% to $7.3M, net loss narrows to $0.4M
Net loss of $0.4M ($0.01 EPS) vs $1.0M ($0.03 EPS) in Q1 2022.
Fuel Tech Q4 2022 revenue $7.0M, net loss $0.4M; full year revenue $26.9M, net loss $1.4M
Q4 2022 revenue $7.0M (up 7.7% YoY); net loss $0.4M ($0.01/sh) vs $0.2M loss in Q4 2021.
2023 CIP: no payout unless Operating Income >= $250,000; if met, 25% of Operating Income funds pool, capped at $3M.
Fuel Tech adopts 2023 commission plans for SVP of Sales William E. Cummings, Jr.
Compensation Committee approved 2023 APC and FUEL CHEM commission plans on Dec. 8, 2022.
Fuel Tech Q3 revenue up 6.1% to $8.0M; net income falls to $0.3M
Revenue $8.0M vs $7.6M (+6.1%); net income $0.3M ($0.01 EPS) vs $0.7M ($0.02 EPS).
Fuel Tech posts updated corporate presentation; no specific material changes disclosed
Filed under Item 7.01, company posted an updated corporate presentation on its website.
Fuel Tech reports Q2 2022 revenue of $6.4M, up 22% YoY; net loss narrows to $0.01/sh
Revenue $6.4M (+22% YoY); APC up $1.8M to $2.7M, FUEL CHEM down $0.6M to $3.6M.
Fuel Tech appoints Ellen Albrecht as CFO, Treasurer effective June 1, 2022
Albrecht promoted to VP, CFO and Treasurer; previously Acting Treasurer, Controller and PFO since March 2020.
Fuel Tech stockholders elect all four directors, ratify auditor, approve say-on-pay
All four director nominees elected with over 9M votes for each; broker non-votes ~6.9M.
Fuel Tech Q1 2022 revenue up 10% to $5.5M; net loss of $(1.0)M vs prior-year income of $0.4M
Revenue $5.5M (+10% YoY); gross margin 41.4% vs 46.9% due to mix and costs.
Fuel Tech sets 2022 bonus plans: CIP requires $250K operating income; COP cap $650K
2022 CIP: bonuses require at least $250K Operating Income; if met, 25% of Operating Income funds pool up to $3M cap.
Fuel Tech reports first annual net income since 2013; Q4 loss narrows to $0.2M
Full year 2021 net income $0.1M ($0.00 diluted EPS) vs net loss $(4.3)M ($0.17) in 2020.
Compensation committee adopts 2022 commission plans for SVP Sales and National Sales Manager
APC and FUEL CHEM officer commission plans approved for SVP Sales William E. Cummings, Jr., effective Jan 1, 2022.
Fuel Tech Q3 net income $0.7M ($0.02/sh); FUEL CHEM rev up, APC down; cash $36.3M no debt
Net income $0.7M ($0.02 diluted EPS) vs $2.4M ($0.10) in Q3 2020; prior year included $2.6M insurance settlement.
Filing reports updated corporate presentation posted on company website.
Fuel Tech Q2 2021 revenue rises 18.6% to $5.2M; net loss narrows to $0.8M
Revenue $5.2M (+18.6% YoY); net loss $0.8M ($0.03/sh) vs $2.5M ($0.10/sh) in Q2 2020.
On June 2, 2022, the Board of Directors (“Board”) of Fuel Tech, Inc. (“Fuel Tech” or the “Registrant”) appointed Ellen T. Albrecht to the position of Vice President, Chief Financial Officer and Treasurer.
Max materiality 0.75 · Median 0.50 · Most common event earnings