Montauk Renewables (NASDAQ:MNTK) held its 2026 Annual Meeting of Stockholders virtually on May 26, with shareholders approving both matters presented for a vote, according to the meeting transcript.
The company said the meeting began at 9:01 a.m. and was presided over by Sean McClain, Montauk Renewables’ president and chief executive officer. McClain said the virtual format was intended to provide convenient access to proxy materials and voting, support broader stockholder participation and reduce the cost and environmental impact of the annual meeting.
Quorum Established With More Than 70% of Shares Represented
Ciroli reported that the meeting was held pursuant to the company’s notice and proxy statement dated April 10, 2026, for stockholders of record as of the close of business on April 2, 2026. He said 143,243,304 shares were entitled to vote at the meeting.
According to the inspector of elections, 101,535,080 shares of common stock were represented in person or by proxy, accounting for more than 70% of all shares entitled to vote. McClain then declared that a quorum was present and that the meeting was duly convened.
Stockholders Elect Two Class III Directors
The first item of business was the election of two Class III directors. The nominees, who were named in the company’s proxy statement, were elected to serve three-year terms expiring at the 2029 annual meeting of stockholders.
Ciroli said no other persons had been nominated in accordance with the company’s governing documents, and the nominations were closed. The board of directors had recommended that stockholders vote in favor of each director nominee.
Preliminary results showed that each of the two nominees received more than the required votes cast for that nominee, and both were elected.
Grant Thornton Appointment Ratified
The second item of business was the ratification of Grant Thornton LLP as Montauk Renewables’ independent auditor for the year ending Dec. 31, 2026.
The board had recommended voting in favor of the ratification. Preliminary results showed that the proposal received the required affirmative votes of a majority of the shares present in person or represented by proxy and entitled to vote on the matter. As a result, the appointment of Grant Thornton was ratified.
Final Results to Be Filed With SEC
The company said the reported vote totals were preliminary. Final voting results are expected to be disclosed in a Form 8-K filing with the Securities and Exchange Commission within four business days of the meeting.
McClain thanked stockholders for their support of the ballot items and formally adjourned the official business portion of the meeting at 9:08 a.m. The company then opened the meeting for stockholder questions, with instructions for participants to submit questions through the virtual meeting platform.
About Montauk Renewables (NASDAQ:MNTK)
Montauk Renewables Holdings, Inc is a renewable energy company headquartered in Irving, Texas, specializing in the capture and conversion of landfill gas into clean energy products. The company’s core operations focus on the design, development and operation of landfill gas collection systems that extract methane and other biogases generated by municipal solid waste. Montauk processes this gas into renewable natural gas (RNG) suitable for pipeline injection and also generates electricity for sale to utilities and commercial consumers.
Through its subsidiaries, Montauk provides a suite of environmental and waste?management services across the United States and Canada.
