ESS Tech, Inc. Announces Annual Meeting of Stockholders on May 17, 2024

TL;DR

<b>ESS Tech, Inc. invites stockholders to its virtual annual meeting on May 17, 2024, to elect directors and ratify auditors.</b>

AI Summary

ESS Tech, Inc. (GWH-WT) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. ESS Tech, Inc. will hold its annual meeting of stockholders virtually on May 17, 2024, at 8:00 a.m. Pacific time. The meeting will be conducted via live audio webcast at www.virtualshareholdermeeting.com/GWH2024. Stockholders can listen to the meeting, submit questions, and vote online during the event. Key items of business include the election of three Class III directors and the ratification of KPMG LLP as the independent registered public accounting firm for fiscal year 2024. The company urges stockholders to vote and submit their proxy promptly via the Internet, telephone, or mail.

Why It Matters

For investors and stakeholders tracking ESS Tech, Inc., this filing contains several important signals. This filing is a proxy statement (DEF 14A) detailing the agenda and voting procedures for ESS Tech's annual meeting, crucial for shareholder participation in corporate governance. The virtual format allows for broader accessibility for stockholders to engage with the company's leadership and vote on important matters.

Risk Assessment

Risk Level: low — ESS Tech, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain new financial or operational disclosures that would indicate significant risk.

Analyst Insight

Stockholders should review the proxy materials to make informed voting decisions on director elections and auditor ratification.

Key Numbers

• May 17, 2024 — Annual Meeting Date (Date of the annual meeting of stockholders)
• 8:00 a.m. — Meeting Time (Time of the annual meeting (Pacific time))
• 3 — Directors to Elect (Number of Class III directors to be elected)
• 2027 — Director Term (Year until elected directors hold office)
• 2024 — Fiscal Year (Fiscal year for which KPMG LLP is being ratified as auditor)

Key Players & Entities

• ESS Tech, Inc. (company) — Registrant name
• Harry F. Quarls (person) — Chairman of the Board
• KPMG LLP (company) — Independent registered public accounting firm
• May 17, 2024 (date) — Annual meeting date
• 2024 (date) — Fiscal year for auditor ratification
• 2027 (date) — Director term end

FAQ

Risk Factors

• General Disclosure [low — regulatory]: This document is a definitive proxy statement (DEF 14A) filed with the SEC, providing information for stockholders regarding the annual meeting.

Industry Context

ESS Tech, Inc. operates in the energy storage sector, focusing on long-duration iron flow batteries.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

1. Review the proxy statement for details on director nominees and their qualifications.
2. Understand the proposal to ratify KPMG LLP as the independent auditor for FY2024.
3. Vote your shares by the deadline, either online, by phone, or by mail, to ensure your participation.

Key Dates

• 2024-05-17: Annual Meeting of Stockholders — Key date for stockholder voting and participation.

Glossary

DEF 14A

Definitive Proxy Statement filed with the SEC. (Provides detailed information to shareholders about matters to be voted on at an annual or special meeting.)

Proxy Statement

A document filed with the SEC that contains information required by the SEC when management is soliciting proxies from shareholders. (Essential for shareholders to understand company proposals and make informed voting decisions.)

Year-Over-Year Comparison

This is a DEF 14A filing for the 2024 annual meeting, following previous filings related to the company's operations and financial reporting.

Filing Documents

• ghw-20240404.htm (DEF 14A) — 472KB
• ghw-20240404_g1.jpg (GRAPHIC) — 45KB
• ghw-20240404_g2.jpg (GRAPHIC) — 4KB
• ghw-20240404_g3.jpg (GRAPHIC) — 6KB
• 0001628280-24-015072.txt (&nbsp;) — 802KB
• ghw-20240404.xsd (EX-101.SCH) — 1KB
• ghw-20240404_htm.xml (XML) — 1KB

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 21 Summary Compensation Table 21 Employment Arrangements 22 Outstanding Equity Awards at Fiscal 202 3 Year-End 24

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 27 RELATED PERSON TRANSACTIONS 29 Related Person Transactions Policy 30 OTHER MATTERS 32 Stockholder Proposals or Director Nominations for 202 5 Annual Meeting 32 Availability of Bylaws 32 Delinquent Section 16(a) Reports 32 202 3 Annual Report 33 -iii- ESS TECH, INC. PROXY STATEMENT FOR 2024 ANNUAL MEETING OF STOCKHOLDERS To be held at 8:00 a.m., Pacific time, on Friday, May 17, 2024 The information provided in the "question and answer" format below is for your convenience only and is merely a summary of the information contained in this proxy statement. You should read this entire proxy statement carefully. QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND OUR ANNUAL MEETING Why am I receiving these materials? This proxy statement and the form of proxy are furnished in connection with the solicitation of proxies by our board of directors for use at the 2024 annual meeting of stockholders of ESS Tech, Inc., a Delaware corporation, and any postponements, adjournments or continuations thereof. The annual meeting will be held on Friday, May 17, 2024 at 8:00 a.m., Pacific time. The annual meeting will be conducted virtually via live audio webcast. You will be able to attend the annual meeting virtually by visiting www.virtualshareholdermeeting.com/GWH2024 , where you will be able to listen to the meeting live, submit questions and vote online during the meeting. The Notice of Internet Availability of Proxy Materials, or Notice of Internet Availability, containing instructions on how to access this proxy statement, the accompanying notice of annual meeting and form of proxy, and our annual report, is expected to first be sent or given on or about April 5, 2024 to all stockholders of record as of March 22, 2024 . The proxy materials and our annual report can also be accessed on or about April 5, 2024 at https://investors.essinc.com . If you receive a Notice of Internet Ava

View Full Filing

View this DEF 14A filing on SEC EDGAR