Eos Energy Enterprises’ stockholders approved all five proposals at the company’s 2026 annual meeting, with holders of about 77.6% of outstanding shares — 263,431,701 shares — participating.
The most consequential vote was the authorization of more common stock, which rises from 600 million shares to 800 million. The company said the increase does not immediately issue any new shares, but it gives Eos room to support planned strategic and financing moves, including a rights offering tied to its planned investment in Frontier Power USA.
Frontier Power USA is intended to pair Eos’ storage technology with a financing platform. Eos said the structure is designed to give customers access to technology, financing, insurance, guarantees and operating expertise through one platform.
On the board side, stockholders elected Jeff Bornstein, Claude Demby and Nathaniel Fick to three-year terms. Voting support varied widely: Bornstein received 96.7% of participating shares voted in favor, Fick received 98.0%, and Demby drew 76.7%.
Stockholders also ratified Deloitte & Touche LLP as Eos’ independent auditor for fiscal 2026 with 99.4% support.
The advisory vote on executive compensation passed with 75.3% of participating shares in favor.
The amendment to the long-term incentive plan also passed, with 74.8% of participating shares voting yes.
The share authorization vote cleared a higher bar than the others: 74.8% of all outstanding shares entitled to vote backed the measure, above the 66.67% threshold required. The market has reacted to these announcements by moving the company's shares -6.99% to a price of $7.515. Check out the company's full 8-K submission here.
