Advent Technologies (ADN) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for December 31, 2024, in a virtual format, with stockholders able to vote online, by phone, mail, or during the meeting.

• Stockholders will vote on electing one director, ratifying the appointment of the independent auditor, and any other business that may arise.

• The record date for voting eligibility is November 27, 2024, with 2,636,508 shares outstanding.

Voting matters and shareholder proposals

• Proposal 1: Elect one Class I director (Robert W. Schwartz) to serve until the 2027 annual meeting.

• Proposal 2: Ratify M & K CPAS, PLLC as the independent registered public accounting firm for 2024.

• Proposal 3: Approve the transaction of other business and potential adjournment if needed.

• Board recommends voting FOR all proposals.

• Stockholders may submit proposals for the 2025 meeting by September 2, 2025.

Board of directors and corporate governance

• The board consists of six members divided into three classes with staggered three-year terms.

• Four directors are considered independent under Nasdaq rules.

• Three standing committees: Audit, Compensation, and Nominating & Governance, each with defined responsibilities.

• The board held 10 meetings in 2023, with strong attendance.

• Stockholders can communicate directly with the board and nominate directors per bylaw procedures.