Eos Energy announces approval of all proposals at 2024 Annual Meeting

Eos Energy Enterprises announced the results of its Annual Stockholders’ Meeting, which was conducted virtually. The Company is pleased to report that stockholders approved the election of Marian “Mimi” Walters and Jeffrey McNeil as Class I directors of Eos Energy Enterprises, Inc., each to serve for three years and until his/her successor has been elected and qualified, or until his/her earlier death, resignation or removal. Their combined experience and strategic vision are critical as the Company scales its operations and pursues its path toward profitability. Eos stockholders voted to ratify the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, with 99.39% of the participating shares voting in favor. Eos stockholders voted to approve a non-binding advisory resolution approving the compensation of the named executive officers with 57.15% of the participating shares voting in favor. The Company plans to implement changes to its long-term incentive plan to better align its compensation of employees with the performance of the Company. Eos stockholders voted to approve an increase in the authorized shares of common stock of the Company from 300,000,000 to 600,000,000 with 67.04% of all outstanding shares of capital stock entitled to vote in favor. Of those stockholders who voted, 89.30% were in favor of this proposal. The increase in authorized shares allows the Company to have the necessary resources in place to meet corporate needs and maintain financial flexibility to support its strategic outlook plan and long-term objectives. Eos stockholders voted to approve an amendment to the Company’s long-term incentive plan with 56.53% of the participating shares voting in favor. The increase in shares available for the Company’s incentive plan will support the Company’s on-going efforts to attract and retain the employee talent necessary for the Company to execute on its strategic objectives.