Montauk Renewables (MNTK) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 22, 2025, to be held virtually, allowing broader shareholder participation and cost savings.

• Major operational milestones in 2024 include expansion of digestion capacity at Pico, construction of a second RNG facility at Apex landfill, and legislative changes in North Carolina enhancing REC generation from swine waste.

• Strategic asset sales and renegotiation of fuel supply agreements have strengthened the company’s position for future growth.

• Over 40 farming locations secured for waste supply, supporting the first phase of the Turkey, North Carolina facility, expected to commission in early 2026.

Voting matters and shareholder proposals

• Shareholders will vote on the election of two Class II directors for three-year terms expiring at the 2028 Annual Meeting.

• Ratification of Grant Thornton LLP as independent registered public accounting firm for fiscal year ending December 31, 2025.

• Other business may be transacted as properly brought before the meeting.

Board of directors and corporate governance

• Board consists of six members divided into three staggered classes; two Class II directors (Govender and Shaik) are up for re-election.

• Board leadership is separated between CEO and Chairman, with an independent Lead Director.

• Four standing committees: Audit, Compensation, Nominating and Corporate Governance, and Environmental, Safety and Corporate Responsibility (ESCR).

• Stock ownership guidelines and a policy prohibiting hedging, pledging, and short sales are in place.

• Controlled company status under Nasdaq rules due to over 50% ownership by parties to a Consortium Agreement.