NET Power (NPWR) Proxy Filing summary

Executive summary

• Annual meeting scheduled for June 3, 2025, to elect three Class II directors, ratify KPMG LLP as independent auditor, and address other business.

• Board recommends voting for all director nominees and auditor ratification.

• Forward-looking statements highlight risks related to capital needs, technology deployment, regulatory challenges, and commercialization.

Voting matters and shareholder proposals

• Shareholders will vote on electing three Class II directors for terms expiring in 2028 and ratifying KPMG LLP as auditor for 2025.

• Board recommends voting for all proposals; other business may be transacted as appropriate.

• Shareholder proposals for the 2026 meeting must be received by December 25, 2025.

Board of directors and corporate governance

• Board consists of ten members divided into three staggered classes, with regular and executive sessions held.

• Chairman and CEO roles are separated; majority of directors are independent per NYSE standards.

• Board committees include Audit, Compensation, and Nominating & Corporate Governance, all composed of independent directors.

• Board diversity and a broad range of expertise are emphasized in director selection.

• Corporate governance guidelines, code of ethics, and insider trading policy are in place.