Zeo Energy (NASDAQ:ZEO) stockholders re-elected five incumbent directors and approved three additional proposals at the company’s 2026 annual meeting, including a measure related to potential future share issuances connected to a financing arrangement with White Lion Capital, LLC.
The virtual meeting was chaired by Chief Executive Officer and Chairman Timothy Bridgewater. Stirling Adams, the company’s general counsel and secretary, led the formal meeting proceedings, while Broadridge representative Heather Obi served as inspector of election.
Quorum Reached at Virtual Meeting
Obi reported that 32,739,596 Class A and Class V shares were represented in person or by proxy, representing approximately 56% of outstanding voting shares. The participation level exceeded the 29,198,266 shares required for a quorum.
Directors Re-Elected
Each of the company’s five director nominees received a plurality of votes cast and was elected to a one-year term ending at the 2027 annual meeting of stockholders, or until a successor is elected and qualified.
- Timothy Bridgewater
- Dr. Abigail M. Allen
- James P. Benson
- Neil Bush
- Mark M. Jacobs
White Lion Share-Issuance Proposal Approved
Stockholders also approved a proposal intended to comply with Nasdaq Listing Rule 5635 regarding the potential future issuance of Class A common shares to White Lion Capital.
The authorization relates to the possible conversion of promissory notes totaling up to $7.5 million that have been or may be issued under a June 9, 2026, note purchase agreement with White Lion. Adams said the company sought approval in the event that issuances under the notes are required to be aggregated and deemed to require stockholder approval under Nasdaq rules, as well as to meet potential obligations to White Lion under the agreement and related notes.
As of the meeting date, Zeo Energy had issued one note to White Lion with a face value of $1.67 million, according to Adams.
Auditor Ratification and Adjournment Proposal
Stockholders ratified the audit committee’s appointment of Tanner, LLC as Zeo Energy’s independent registered public accounting firm for the fiscal year ending Dec. 31, 2026.
They also approved an adjournment proposal, which would have allowed the meeting to be postponed if additional proxy solicitation were needed to obtain sufficient votes for the other measures. Because the other proposals were approved, the company said an adjournment was not necessary.
Zeo Energy said final detailed voting results will be included in a Form 8-K filed with the Securities and Exchange Commission within four business days of the annual meeting. The company received no questions through its online meeting portal during the subsequent question-and-answer session.
About Zeo Energy (NASDAQ:ZEO)
Zeo Energy Corp. provides residential solar energy systems, other energy efficient equipment, and related services in Florida, Texas, Arkansas, and Missouri, the United States. The company is involved in the selling and installing of residential solar energy systems that homeowners use electricity required to power their homes. Its residential solar energy systems comprise solar panels, inverters, and racking systems. It also offers insulation services, such as adding insulation to a home's attic or walls; energy efficiency equipment, including hybrid electric water heaters and swimming pool pumps; battery-based energy storage systems; and roofing services.
