American Superconductor held its Annual Meeting on August 2, 2024, where stockholders approved key amendments to the company's stock plans. The 2022 Stock Incentive Plan's share pool increased from 1,150,000 to 4,400,000, while the 2007 Director Stock Plan's authorized shares rose from 430,000 to 580,000. Both amendments were pre-approved by the Board on May 23, 2024.Six directors were elected to the Board, including Laura A. Dambier, Arthur H. House, Margaret D. Klein, Barbara G. Littlefield, Daniel P. McGahn, and David R. Oliver, Jr. Stockholders also ratified RSM US LLP as the independent auditor and approved executive compensation in an advisory vote. However, a proposed amendment to the Certificate of Incorporation regarding officer exculpation failed to receive the required majority.The meeting saw strong participation, with approximately 75.6% of outstanding shares represented. These decisions reflect American Superconductor's focus on aligning incentives and governance structures with shareholder interests.

American Superconductor held its Annual Meeting on August 2, 2024, where stockholders approved key amendments to the company's stock plans. The 2022 Stock Incentive Plan's share pool increased from 1,150,000 to 4,400,000, while the 2007 Director Stock Plan's authorized shares rose from 430,000 to 580,000. Both amendments were pre-approved by the Board on May 23, 2024.Six directors were elected to the Board, including Laura A. Dambier, Arthur H. House, Margaret D. Klein, Barbara G. Littlefield, Daniel P. McGahn, and David R. Oliver, Jr. Stockholders also ratified RSM US LLP as the independent auditor and approved executive compensation in an advisory vote. However, a proposed amendment to the Certificate of Incorporation regarding officer exculpation failed to receive the required majority.The meeting saw strong participation, with approximately 75.6% of outstanding shares represented. These decisions reflect American Superconductor's focus on aligning incentives and governance structures with shareholder interests.