Array Technologies (ARRY) Proxy filing summary
Event summary combining transcript, slides, and related documents.
Proxy filing summary
11 May, 2026Voting matters and shareholder proposals
Stockholders are urged to vote for Brad Forth, Kevin Hostetler, and Gerrard Schmid as Class III directors at the 2026 Annual Meeting.
ISS recommended withholding support for Mr. Forth due to the Board's retention of a supermajority vote requirement, while Glass Lewis recommended voting for all nominees.
The Board has proposed declassifying itself and phasing in annual director elections, directly responding to shareholder feedback.
Stockholders can change their vote by following instructions in the Proxy Statement; no action is needed if they do not wish to change their vote.
Board of directors and corporate governance
Under Mr. Forth's leadership, the Board has advanced governance reforms, including board refreshment and succession planning.
Two new independent directors were added in 2026, maintaining a majority independent Board and robust committee structure.
The Board regularly reviews and refreshes committee charters and aligns member skills with company strategy.
Mr. Forth has served since October 2020, bringing over 30 years of energy industry experience and strong oversight.
Board continuity and experienced leadership are emphasized as critical for effective governance and long-term value.
Executive compensation and say-on-pay
In response to a 2025 say-on-pay vote with only 48.2% support, the Board disclosed feedback and made meaningful changes to the compensation program.
ISS acknowledged the compensation committee's sufficient responsiveness to shareholder concerns in its 2026 report.
Latest events from Array Technologies
- Record $2.4B orderbook and margin gains offset lower Q1 revenue and net income.ARRY
Q1 202611 May 2026 - Virtual meeting to vote on directors, auditor, executive pay, and Board declassification.ARRY
Proxy filing7 Apr 2026 - Proxy covers director elections, auditor ratification, executive pay, and board declassification.ARRY
Proxy filing7 Apr 2026 - Board seeks approval for director elections, auditor ratification, executive pay, and board declassification.ARRY
Proxy filing25 Mar 2026 - 2025 revenue rose 40% to $1.3B, record order book, and strong 2026 growth outlook.ARRY
Q4 202526 Feb 2026 - Q2 revenue fell 50% but margins rose; 2024 outlook cut amid project delays and market headwinds.ARRY
Q2 20241 Feb 2026 - Q3 margin gains offset by $162M goodwill impairment; 2025 growth outlook remains strong.ARRY
Q3 202415 Jan 2026 - Record margins, strong cash flow, and double-digit revenue growth expected in 2025.ARRY
Q4 20241 Dec 2025 - Board recommends approval of all proposals; executive pay and ESG goals are key focuses.ARRY
Proxy Filing1 Dec 2025