8-K: Current report filing
Published on May 22, 2023
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 17, 2023, Lorraine Paskett notified the Board of Directors (the “Board”) of Clean Energy Fuels Corp. (the “Company”) of her resignation from the Board, effective on the same day. Ms. Paskett’s resignation was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.
On May 17, 2023, the Board accepted Mitchell W. Pratt’s resignation from his position as Chief Operating Officer and Corporate Secretary of the Company, effective May 17, 2023. Mr. Pratt transitioned to a new role as the Company’s Chief Technology Development Officer on that date. As a result of this transition, Mr. Pratt is no longer an “executive officer” of the Company for purposes of Rule 3b-7 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or an “officer” of the Company for purposes of Rule 16a-1(f) of the Exchange Act.
Also on May 17, 2023, the Board approved, and the Company entered into, an amended and restated employment agreement (the “Employment Agreement”) with Mr. Pratt. The Employment Agreement has a two-year term that automatically renews for successive one-year periods unless earlier terminated in accordance with the provisions therein, provides Mr. Pratt with a $550,000 annual base salary, and is otherwise consistent in all material respects with Mr. Pratt’s previous employment agreement dated December 31, 2015.
Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On May 18, 2023, the Company held its 2023 annual meeting of stockholders (the “Annual Meeting”). The holders of the Company’s common stock considered and voted on four proposals at the Annual Meeting and cast their votes on each such proposal as set forth below.
Proposal 1: The holders of the Company’s common stock elected to the Board the ten director nominees set forth in the proxy statement for the Annual Meeting, each to serve for a one-year term until the Company’s next annual meeting of stockholders and until his or her respective successor is duly elected and qualified or until his or her earlier resignation or removal. However, as described above under Item 5.02, Ms. Paskett resigned from the Board on May 17, 2023 and the director position she held was rendered vacant. The results of the voting on Proposal 1 were as follows:
Name of Director | Votes For |
Votes Withheld |
Broker Non-Votes |
|||||||||
Andrew J. Littlefair | 124,346,425 | 6,578,117 | 42,658,971 | |||||||||
Stephen A. Scully | 125,963,950 | 4,960,592 | 42,658,971 | |||||||||
Lizabeth Ardisana | 121,980,179 | 8,944,363 | 42,658,971 | |||||||||
Karine Boissy-Rousseau | 118,917,036 | 12,007,506 | 42,658,971 | |||||||||
James C. Miller III | 124,964,763 | 5,959,779 | 42,658,971 | |||||||||
Lorraine Paskett * | 116,949,733 | 13,974,809 | 42,658,971 | |||||||||
Kenneth M. Socha | 119,523,740 | 11,400,802 | 42,658,971 | |||||||||
Vincent C. Taormina | 123,445,379 | 7,479,163 | 42,658,971 | |||||||||
Parker A. Weil | 121,383,037 | 9,541,505 | 42,658,971 | |||||||||
Laurent Wolffsheim | 118,900,828 | 12,023,714 | 42,658,971 |
*Ms. Paskett resigned from the Board on May 17, 2023.
Proposal 2: The holders of the Company’s common stock ratified the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The results of the voting on Proposal 2 were as follows:
Votes For: | 164,613,561 | |||
Votes Against: | 7,469,918 | |||
Votes Abstained: | 1,500,034 | |||
Broker Non-Votes: | — |
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Proposal 3: The holders of the Company’s common stock approved, on an advisory, non-binding basis, the compensation of the Company’s named executive officers. The results of the voting on Proposal 3 were as follows:
Votes For: | 117,101,863 | |||
Votes Against: | 13,381,027 | |||
Votes Abstained: | 441,652 | |||
Broker Non-Votes: | 42,658,971 |
Proposal 4: The holders of the Company’s common stock approved, on an advisory, non-binding basis, one year as the frequency with which stockholders will vote on executive compensation. The results of the voting on Proposal 4 were as follows:
One Year: | 122,815,191 | |||
Two Years: | 351,762 | |||
Three Years: | 7,181,438 | |||
Votes Abstained: | 576,151 | |||
Broker Non-Votes: | — |
Based on the voting results for Proposal 4, the Company will include an advisory proposal regarding the Company’s named executive officer compensation in its proxy materials every year for each annual meeting of stockholders.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 22, 2023 | Clean Energy Fuels Corp. | |
By: | /s/ Andrew J. Littlefair | |
Name: Andrew J. Littlefair | ||
Title: President and Chief Executive Officer |
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