Independent
Tenure on this board
2.0 yrs
Meeting calendar
CLMT · Annual meeting · Tuesday, June 2, 2026
Calumet Inc
3 nominees · 3 ballot items.
Election of three Class II directors; advisory (non-binding) approval of executive compensation (say-on-pay); and ratification of selection of Grant Thornton LLP as independent registered public accounting firm for 2026.
Market cap
$3.6B
1Y TSR
+119.9%
Board grade
B
Record date
Apr 6, 2026
Filing
DEF 14A
Meeting concluded · Jun 2, 2026
Follow how the vote landed and what changed on Calumet Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
Proposals
On the ballot3
- 1
Election of Three Class II Directors
ManagementBoard: FORElect three Class II director nominees (Todd Borgmann, Daniel J. Sajkowski, Bradford T. Sanders) to serve until the 2029 Annual Meeting.
- 2
Advisory Vote to Approve Executive Compensation
ManagementBoard: FORNon-binding advisory (“say-on-pay”) vote to approve the compensation of named executive officers as disclosed for 2025.
More detail
This management proposal asks shareholders to cast a non-binding advisory vote to approve the company’s executive compensation disclosures and the compensation practices for named executive officers for 2025. Management seeks approval to validate its redesigned executive compensation program implemented in 2025, which emphasizes pay-for-performance through a mix of base salary, annual cash incentives tied 60% to Adjusted EBITDA with Tax Attributes and 40% to operational metrics, and long-term incentives split 50/50 between PSUs and RSUs. The program was updated after Calumet’s conversion from an MLP to a C-corporation to align pay with investor expectations; PSUs include metrics such as relative TSR (vs. S&P SmallCap 600), net deleveraging, and strategic initiatives, with caps to limit upside when absolute TSR is negative. Management frames the proposal as a reaffirmation of governance practices aimed at aligning management incentives with shareholder value, retention, and balance sheet discipline; the Board recommends a FOR vote citing successful operational and financial progress in 2025, enhanced governance, and prior strong shareholder support (approximately 97% in 2025). The advisory vote is non-binding, but the Board and Compensation Committee will consider the outcome in future pay decisions. The proposal is contextualized by Calumet’s strategic moves (DOE loan to Montana Renewables, debt reductions, and operational improvements) that management links to compensation outcomes.
- 3
Ratification of Selection of Grant Thornton LLP as Independent Registered Public Accounting Firm for 2026
ManagementBoard: FORRatify the Audit Committee’s selection of Grant Thornton LLP as the company’s independent registered public accounting firm for 2026.
Director elections
Nominees on the ballot3
Independent
Tenure on this board
2.0 yrs
Independent
Tenure on this board
0.1 yrs
Ownership
Latest 13F quarterTop institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | Two Seas Capital LP | 6.8% | 5,960,292 | $214M |
| 2 | Wasserstein Management, L.P. | 5.2% | 4,573,363 | $164M |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 3.9% | 3,435,394 | $123M |
| 4 | Adams Asset Advisors, LLC | 3.7% | 3,202,232 | $115M |
| 5 | STATE STREET CORP | 3.5% | 3,080,159 | $111M |
| 6 | BlackRock, Inc. | 2.9% | 2,529,259 | $91M |
| 7 | BlackRock, Inc. | 2.2% | 1,892,247 | $68M |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 1.9% | 1,639,803 | $59M |
| 9 | BANK OF AMERICA CORP /DE/ | 1.2% | 1,007,397 | $36M |
| 10 | VANGUARD PORTFOLIO MANAGEMENT LLC | 1.1% | 930,252 | $33M |
Peers
Nearest market capOther Energy sector meetings6
Upcoming shareholder meetings at Calumet Inc’s closest sector peers — compare boards, ballots, and ownership across the cohort.
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Reference
Frequently asked questions
- When is the Calumet Inc 2026 annual meeting?
- Calumet Inc (CLMT) holds its 2026 annual shareholder meeting on Tuesday, June 2, 2026.
- What is the record date for the Calumet Inc 2026 meeting?
- The record date for the Calumet Inc 2026 meeting is Monday, April 6, 2026. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Calumet Inc's 2026 meeting?
- The board is presenting 3 director nominees at the Calumet Inc 2026 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Calumet Inc 2026 meeting?
- Shareholders will vote on 3 proposals at the Calumet Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.
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