NuScale Power Corp. Announces 2024 Annual Meeting of Stockholders

TL;DR

<b>NuScale Power Corporation will hold its 2024 Annual Meeting virtually on May 24, 2024, for stockholders of record as of March 27, 2024.</b>

AI Summary

NUSCALE POWER Corp (SMR) filed a Proxy Statement (DEF 14A) with the SEC on April 12, 2024. The 2024 Annual Meeting of NuScale Power Corporation stockholders will be held virtually on May 24, 2024, at 2:00 p.m. Pacific Time. Stockholders of record as of March 27, 2024, are eligible to vote and participate in the meeting via remote communication. The virtual meeting will be accessible at www.virtualshareholdermeeting.com/SMR2024. Online check-in for the meeting will begin at 1:30 p.m. Pacific Time on the day of the meeting. Stockholders are encouraged to vote by telephone, mail, or internet prior to the meeting.

Why It Matters

For investors and stakeholders tracking NUSCALE POWER Corp, this filing contains several important signals. This is the primary communication channel for stockholders to receive updates and vote on corporate matters. The virtual format allows for broader participation regardless of physical location, but requires specific online access and voting procedures.

Risk Assessment

Risk Level: low — NUSCALE POWER Corp shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, containing standard procedural information with no new financial or strategic disclosures that would significantly alter the risk profile.

Analyst Insight

Stockholders should review the proxy materials and vote their shares to ensure their participation in corporate governance decisions.

Key Numbers

• May 24, 2024 — Annual Meeting Date (2024 Annual Meeting of NuScale Power Corporation Stockholders)
• 2:00 p.m. Pacific Time — Annual Meeting Time (2024 Annual Meeting of NuScale Power Corporation Stockholders)
• March 27, 2024 — Record Date (Stockholders of record at the close of business on this date are eligible to vote)
• 1:30 p.m. Pacific Time — Meeting Check-in Start Time (Website will be open for check-in)

Key Players & Entities

• NuScale Power Corporation (company) — Registrant and company holding the annual meeting
• May 24, 2024 (date) — Date of the 2024 Annual Meeting
• March 27, 2024 (date) — Record date for determining eligible stockholders
• www.virtualshareholdermeeting.com/SMR2024 (url) — Website for attending the virtual annual meeting
• www.proxyvote.com (url) — Website for voting

FAQ

Industry Context

NuScale Power Corporation operates in the advanced nuclear reactor sector, focusing on small modular reactors (SMRs). This filing is a standard proxy statement for its annual shareholder meeting.

Regulatory Implications

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

What Investors Should Do

1. Review the proxy statement for details on proposals and director nominees.
2. Vote your shares by the deadline, either online, by phone, or by mail.
3. Attend the virtual annual meeting on May 24, 2024, to participate in discussions and ask questions.

Key Dates

• 2024-05-24: 2024 Annual Meeting of Stockholders — Key date for stockholders to vote and participate in corporate decisions.
• 2024-03-27: Record Date — Determines which stockholders are eligible to vote at the annual meeting.

Year-Over-Year Comparison

This filing is a definitive proxy statement (DEF 14A) for the 2024 Annual Meeting, following the typical schedule for such corporate events.

Filing Documents

• a20240524-nuscaleproxystat.htm (DEF 14A) — 451KB
• image_1.jpg (GRAPHIC) — 11KB
• image_3.jpg (GRAPHIC) — 6KB
• image_5.jpg (GRAPHIC) — 11KB
• image_69.jpg (GRAPHIC) — 3KB
• nuscalepowercorporation_001.jpg (GRAPHIC) — 141KB
• nuscalepowercorporation_002.jpg (GRAPHIC) — 129KB
• 0001822966-24-000048.txt (&nbsp;) — 874KB
• nuscalepowercorporation_.htm (EX-101.DEF) — 5KB

Executive Compensation

Executive Compensation 21 PROPOSAL 1 ELECTION OF DIRECTORS 28 PROPOSAL 2 RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 29 INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FEES AND OTHER MATTERS 30 AUDIT COMMITTEE REPORT 31 BENEFICIAL OWNERSHIP OF SECURITIES 32 DELINQUENT SECTION 16(a) REPORTS 34 ADDITIONAL INFORMATION 34 IMPORTANT INFORMATION ABOUT THE ANNUAL MEETING AND VOTING 35 2025 ANNUAL MEETING OF STOCKHOLDERS 40 NUSCALE POWER CORPORATION 2024 PROXY STATEMENT NUSCALE POWER CORPORATION PROXY STATEMENT NuScale Power Corporation, a Delaware corporation ("NuScale", the "Company" or "we"), is furnishing this proxy statement, the accompanying 2023 Annual Report on Form 10-K, the Notice of Annual Meeting and the proxy card to the stockholders of NuScale in connection with our solicitation of proxies for use at our 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Annual Meeting will occur virtually through an audio webcast, accessible at www.virtualshareholdermeeting.comSMR2024 , on Friday, May 24, 2024, at 200 p.m. Pacific Time. On or about April 12, 2024, we will mail to our stockholders a Notice of Internet Availability of Proxy Materials (the "Notice") containing instructions on how to access this proxy statement and our 2023 Annual Report on Form 10-K. The Notice provides instructions on how to vote online or by telephone and includes instructions on how to receive a paper copy of the proxy materials by mail. NUSCALE POWER CORPORATION 2024 PROXY STATEMENT – Page 1 DIRECTOR NOMINEES Our directors bring a balanced mix of skills, qualifications and experience and we believe their diverse backgrounds contribute to an effective and well-balanced board of directors. References throughout this proxy statement to the "Board" refer to the board of managers of NuScale Power, LLC ("NuScale LLC") before completion of the merger transactions (the "Transactions") on May 2, 2022, between Spring Val