Clear Secure, Inc.: Removed certain supermajority vote requirements and clarified the officer exculpation provision (effective 2026-06-10).
“At the Annual Meeting, the holders of Common Stock (as defined below) approved, among other things, amendments to the Company’s Third Amended and Restated Certificate of Incorporation (the “Amendments”) to (i) remove certain supermajority vote requirements and (ii) clarify the officer exculpation provision”
Shareholder Votes
Clear Secure, Inc. shareholders approved Amendment to Third Amended and Restated Certificate of Incorporation to clarify the officer exculpation provision at the 2026-06-10 meeting.
“5. The Company’s holders of Common Stock, voting together as a single class, approved an amendment to the Company’s Third Amended and Restated Certificate of Incorporation to clarify the officer exculpation provision. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes 471,634,813 2,516,586 84,015 8,205,243”
Shareholder Votes
Clear Secure, Inc. shareholders approved Amendment to Third Amended and Restated Certificate of Incorporation to remove certain supermajority vote requirements at the 2026-06-10 meeting.
“4. The Company’s holders of Common Stock, voting together as a single class, approved an amendment to the Company’s Third Amended and Restated Certificate of Incorporation to remove certain supermajority vote requirements. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes 470,948,879 3,271,238 15,297 8,205,243”
Shareholder Votes
Clear Secure, Inc. shareholders approved Advisory (non-binding) approval of compensation of named executive officers at the 2026-06-10 meeting.
“3. The Company’s holders of Common Stock, voting together as a single class, approved, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes 452,365,461 21,832,937 37,016 8,205,243”
Shareholder Votes
Clear Secure, Inc. shareholders approved Ratification of appointment of independent registered public accounting firm for 2026 fiscal year at the 2026-06-10 meeting.
“2. The Company’s holders of Common Stock, voting together as a single class, ratified the appointment of the Company’s independent registered public accounting firm for the 2026 fiscal year. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes 482,403,423 11,115 26,119 0”
Shareholder Votes
Clear Secure, Inc. shareholders approved Election of nine directors at the 2026-06-10 meeting.
“1. The Company’s holders of Common Stock, voting together as a single class, elected nine directors listed below to the Board of Directors. The votes regarding this proposal were as follows: For Withheld Broker Non-Votes Caryn Seidman Becker 473,020,343 1,215,071 8,205,243 Michael Z. Barkin 472,933,564 1,301,850 8,205,243 Jeffery H. Boyd 472,661,532 1,573,882 8,205,243 Tomago Collins 473,109,666 1,125,748 8,205,243 Shawn Henry 473,931,211 304,203 8,205,243 Kathryn Hollister 473,425,280 810,134 8,205,243 Marne Levine 473,592,251 643,163 8,205,243 Peter Scher 473,390,097 845,317 8,205,243 Adam J. Wiener 472,466,880 1,768,534 8,205,243”
Earnings Releases
Clear Secure, Inc. reported first quarter 2026 results: revenue $253.0 million, net income $56.4 million, EPS $0.39 and $0.38, respectively. Guidance raised.
“Revenue of $253.0 million was up 19.7%; Total Bookings of $291.7 million increased 40.8% ● Operating income of $62.0 million, representing a 24.5% operating income margin ● Net income of $56.4 million, representing a 22.3% net income margin ● Adjusted EBITDA of $80.6 million, representing a 31.9% Adjusted EBITDA margin and 720 basis points of year-over-year margin expansion ● Earnings per Common Share Basic and Diluted of $0.39 and $0.38, respectively”
Jennifer Hsu was appointed as Chief Financial Officer at Clear Secure, Inc..
“Jennifer Hsu as Chief Financial Officer of the Company, effective March 31, 2025”
Michael Barkin was appointed as President at Clear Secure, Inc..
“the Board approved the appointment of Michael Barkin as President of the Company, effective March 31, 2025”
Kenneth Cornick departed as Director at Clear Secure, Inc..
“Mr. Cornick informed the Board that he will not stand for re-election as a director when his term expires at the Company’s 2025 annual meeting of shareholders.”
Kenneth Cornick resigned as Chief Financial Officer at Clear Secure, Inc..
“he will continue to serve as Chief Financial Officer until the commencement of his successor’s employment”
Kasra Moshkani resigned as EVP, Verified at Clear Secure, Inc..
“On August 29, 2024, Kasra Moshkani, EVP, Verified of Clear Secure, Inc. (the “Company”, or “us”), informed us of his intention to resign to pursue other opportunities.”
Peter Scher was appointed as Director at Clear Secure, Inc..
“voted to appoint Peter Scher as a director of the Board and a member of the Nominating Committee, effective immediately”
Earnings Releases
Clear Secure, Inc. reported the quarter ended March 31, 2024 results: revenue $179.0 million, net income $32.1 million, EPS $0.20.
“Revenue of $179.0 million was up 35.3% while Total Bookings of $180.6 million were up 20.6% Operating income of $23.7 million; Adjusted EBITDA of $40.9 million Net Income of $32.1 million, Earnings per Common Share Basic and Diluted of $0.20”
Earnings Releases
Clear Secure, Inc. reported financial results for the quarter and fiscal year ended December 31, 2023.
“The Company issued a letter to its stockholders announcing its financial results for the quarter and fiscal year ended December 31, 2023”
Matt Levine resigned as General Counsel, Chief Privacy Officer and Secretary at Clear Secure, Inc..
“On December 11, 2023, Matt Levine, the General Counsel, Chief Privacy Officer and Secretary of Clear Secure, Inc. (the “Company”, or “CLEAR”), informed us of his intention to resign to pursue other opportunities.”
Earnings Releases
Clear Secure, Inc. reported second quarter ended June 30, 2023 results: revenue $149.9 million, net income $8.0 million, EPS Net income per common share basic and diluted of $0.05.
“Revenue of $149.9 million was up 45.9% while Total Bookings of $175.1 million were up 42.5%”
Shareholder Votes
Clear Secure, Inc. shareholders approved Advisory (non-binding) vote on frequency of future advisory votes on named executive officer compensation at the 2023-06-14 meeting.
“The Company’s holders of Common Stock, voting together as a single class, voted on an advisory (non-binding) basis, on the frequency of future advisory votes on named executive officer compensation. The votes regarding this proposal were as follows: Three Years Two Years One Year Abstain Broker Non-Votes 129,340 16,759 628,897,027 22,918 11,133,895”
Shareholder Votes
Clear Secure, Inc. shareholders approved Advisory (non-binding) vote on compensation of named executive officers at the 2023-06-14 meeting.
“The Company’s holders of Common Stock, voting together as a single class, approved, on an advisory (non-binding) basis, the compensation of the Company’s named executive officers. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes 624,085,994 4,928,232 51,818 11,133,895”
Shareholder Votes
Clear Secure, Inc. shareholders approved Ratification of appointment of independent registered public accounting firm for 2023 fiscal year at the 2023-06-14 meeting.
“The Company’s holders of Common Stock, voting together as a single class, ratified the appointment of the Company’s independent registered public accounting firm for the 2023 fiscal year. The votes regarding this proposal were as follows: For Against Abstain Broker Non-Votes 640,067,923 70,023 61,993 0”
Shareholder Votes
Clear Secure, Inc. shareholders approved Election of eight directors to the Board of Directors at the 2023-06-14 meeting.
“The Company’s holders of Common Stock, voting together as a single class, elected eight directors listed below to the Board of Directors. The votes regarding this proposal were as follows: For Withheld Broker Non-Votes Caryn Seidman-Becker 628,130,686 935,358 11,133,895 Kenneth Cornick 626,894,304 2,171,740 11,133,895 Michael Z. Barkin 628,650,078 415,966 11,133,895 Jeffery H. Boyd 610,086,692 18,979,352 11,133,895 Tomago Collins 628,596,376 469,668 11,133,895 Shawn Henry 628,856,600 209,444 11,133,895 Kathryn Hollister 628,704,340 361,704 11,133,895 Adam J. Wiener 628,594,607 471,437 11,133,895”
Material Agreements
Clear Secure, Inc. amended A&R Operating Agreement with Alclear Holdings, LLC (effective 2023-06-07).
“On June 7, 2023, Clear Secure, Inc. (the “Company”), as Managing Member, amended and restated the Amended and Restated Operating Agreement of Alclear Holdings, LLC, dated as of June 29, 2021, among Alclear Holdings, LLC (“Alclear”), the Company and the other parties thereto (as amended and restated, the “A&R Operating Agreement”) in accordance with its terms to change the timing and amount of the Tax Distributions as defined and as calculated pursuant to Section 5.03(e) of the A&R Operating Agreement”
Earnings Releases
Clear Secure, Inc. reported financial results for first quarter ended March 31, 2023.
“The Company issued a letter to its stockholders announcing its financial results for the quarter ended March 31, 2023”
Earnings Releases
Clear Secure, Inc. reported Fourth Quarter 2022 results: revenue $128.3 million, net income Net loss of $18.8 million, EPS Net loss per common share basic and diluted $0.13.
“Revenue of $128.3 million was up 59.0% while Total Bookings of $150.6 million were up 37.4% Net cash provided by operating activities of $79.3 million; Free Cash Flow of $71.0 million Total Cumulative Enrollments of 15.4 million were up 48.4% Annual CLEAR Plus Net Member Retention of 91.9% was down 40 basis points year-over-year and down 30 basis points sequentially Total Cumulative Platform Uses of 129.6 million were up 54.4% Net loss of $18.8 million, which includes $24.2 million non-cash equity-based compensation costs related to vesting of previously issued warrants to United Airlines ($18.1 million) and pre-IPO employee performance awards ($6.1 million), a $1.0 million non-cash lease impairment and a $1.9 million non-cash tax benefit Net loss per common share basic and diluted $0.13, which includes $0.16 non-cash equity-based compensation costs related to vesting of previously issued warrants to United Airlines ($0.12) and pre-IPO employee performance awards ($0.04), a $0.01 non-c”
Earnings Releases
Clear Secure, Inc. reported the third quarter ended September 30, 2022 results: revenue $115.9 million, net income Net loss of $65.6 million, EPS Net loss per common share basic and diluted $0.44.
“Revenue of $115.9 million was up 71.6% while Total Bookings of $145.7 million were up 46.7% Net cash provided by operating activities of $13.2 million; Free Cash Flow of $5.3 million; both figures include payment for credit card partnership accrual Total Cumulative Enrollments of 14.2 million were up 76.3% Annual CLEAR Plus Net Member Retention of 92.2% was up 480 basis points year-over-year and down 210 basis points sequentially Total Cumulative Platform Uses of 117.6 million were up 62.9% Net loss of $65.6 million, which includes $58.8 million non-cash equity-based compensation cost related to vesting of previously issued warrants to United Airlines Adjusted net income of $8.1 million; Adjusted EBITDA of $11.9 million Net loss per common share basic and diluted $0.44, which includes $0.39 of non-cash equity-based compensation cost related to vesting of previously issued warrants to United Airlines Adjusted net income per common share, basic and diluted $0.05”
Dennis Liu was appointed as Chief Accounting Officer at Clear Secure, Inc..
“Effective September 13, 2021, Mr. Dennis Liu has been appointed Chief Accounting Officer of Clear Secure, Inc. (the “Company”) and will assume the role of principal accounting officer.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.