NET Power (NPWR) Proxy filing summary

Executive summary

• Annual meeting scheduled for June 3, 2026, to elect three Class III directors, ratify KPMG LLP as independent auditor, and address other business.

• Board recommends voting for all director nominees and auditor ratification.

• Forward-looking statements highlight risks related to technology deployment, capital needs, regulatory challenges, and strategic partnerships.

Voting matters and shareholder proposals

• Shareholders will vote on electing three Class III directors for terms expiring in 2029 and ratifying KPMG LLP as auditor for 2026.

• Board recommends voting for all nominees and auditor ratification.

• Shareholders may submit proposals for the 2027 meeting by December 24, 2026, and must follow advance notice and universal proxy rules.

Board of directors and corporate governance

• Board consists of 9 directors with staggered three-year terms, majority independent per NYSE standards.

• Chairman and CEO roles are separated; Jeff Bennett is Chairman, Daniel J. Rice IV is CEO.

• Board committees: Audit, Compensation, and Nominating & Corporate Governance, all comprised of independent directors.

• Directors bring diverse expertise in energy, finance, technology, and governance.

• Code of ethics and corporate governance guidelines are in place and available online.