Boardroom Alpha
Meeting calendar
CLNE · Annual meeting · Wednesday, June 10, 2026

Clean Energy Fuels Corp

6 nominees · 3 ballot items.

Elect six directors; ratify KPMG LLP as the independent registered public accounting firm for 2026; and approve, on an advisory non-binding basis, the compensation of the Company's named executive officers (say-on-pay).

Market cap
$524M
1Y TSR
-2.6%
Board grade
D
Record date
Apr 16, 2026
Filing
DEF 14A
Meeting concluded · Jun 10, 2026

Follow how the vote landed and what changed on Clean Energy Fuels Corp’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.

Proposals

On the ballot3

  1. 1

    Election of Directors

    ManagementBoard: FOR

    Elect six directors to the Company's Board of Directors to serve one-year terms.

  2. 2

    Ratification of Appointment of Independent Registered Public Accounting Firm

    ManagementBoard: FOR

    Ratify the appointment of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026.

  3. 3

    Advisory, Non-Binding Vote to Approve Executive Compensation

    ManagementBoard: FOR

    Advisory (non-binding) vote to approve the compensation of the Company's named executive officers as disclosed in the proxy statement (say-on-pay).

    More detail

    This advisory proposal asks stockholders to approve the Company’s named executive officer compensation as disclosed in the proxy, a non-binding 'say-on-pay' vote required by Dodd-Frank and SEC rules. Management seeks this advisory approval to validate its 2025 compensation program design and to confirm alignment between executive pay and stockholder interests. The 2025 program emphasizes pay-for-performance: annual cash incentives tied to a mix of financial metrics (Adjusted EBITDA, fuel and RNG volumes, fuel margin, and O&M margins) and strategic initiatives, and long-term equity awards composed of time-based RSUs and newly introduced performance stock units (PSUs) tied to stock-price hurdles and negative carbon-intensity dairy gas sales growth. The compensation committee engaged an independent consultant, revised the peer group, reduced target grant values in 2025, and introduced PSUs to strengthen long-term performance alignment, reflecting active stockholder outreach and governance considerations. The Board recommends a "FOR" vote, arguing that the structure attracts and retains talent, rewards achievement of near-term financial goals and long-term strategic objectives, and aligns executives with sustainable RNG growth and share-price improvement. Because the vote is advisory, the Board retains discretion over pay decisions but commits to consider significant adverse stockholder feedback and to engage with investors about potential changes. The proposal sits within the broader context of a CEO transition in 2026, adjustments to incentive metrics for 2026, and the company's emphasis on RNG production growth, making the advisory vote a key governance signal about support for the compensation philosophy and implementation. Investors evaluating the proposal should weigh the mechanics of the metrics (including the mix of quantitative and qualitative strategic goals), the degree of actual payouts in 2025 (which were above target for some executives), and the introduction of PSUs that link pay to both market performance and specific operational growth in low-carbon RNG.

Director elections

Nominees on the ballot6

Not independent
Tenure on this board
0.2 yrs
Also a director at
Bed Bath & Beyond Inc (BBBY)
Independent
Tenure on this board
6.6 yrs
Also a director at
Ha Sustainable Infrastructure Capital Inc (HASI)
Ownership

Top institutional holders10

Latest 13F quarter
1Grantham, Mayo, Van Otterloo Co. LLC5.1%11,197,933$28M
2VANGUARD CAPITAL MANAGEMENT LLC3.3%7,235,591$18M
3Global Alpha Capital Management Ltd.3.2%7,126,817$18M
4BlackRock, Inc.3.0%6,629,953$16M
5BlackRock, Inc.3.0%6,547,521$16M
6DIMENSIONAL FUND ADVISORS LP2.8%6,271,137$16M
7STATE STREET CORP2.7%5,841,344$14M
8VANGUARD PORTFOLIO MANAGEMENT LLC1.8%3,958,189$10M
9GEODE CAPITAL MANAGEMENT, LLC1.7%3,741,981$9M
10D. E. Shaw Co., Inc.Activist1.5%3,196,781$8M
Filings

Recent key filings

Periodic reports
Definitive proxies
Reference

Frequently asked questions

When is the Clean Energy Fuels Corp 2026 annual meeting?
Clean Energy Fuels Corp (CLNE) holds its 2026 annual shareholder meeting on Wednesday, June 10, 2026.
What is the record date for the Clean Energy Fuels Corp 2026 meeting?
The record date for the Clean Energy Fuels Corp 2026 meeting is Thursday, April 16, 2026. Shareholders of record on or before that date are eligible to vote.
Who are the director nominees for Clean Energy Fuels Corp's 2026 meeting?
The board is presenting 6 director nominees at the Clean Energy Fuels Corp 2026 meeting, listed with their independence status and background.
What proposals will shareholders vote on at the Clean Energy Fuels Corp 2026 meeting?
Shareholders will vote on 3 proposals at the Clean Energy Fuels Corp 2026 meeting, each tagged with who proposed it and the board's recommendation.
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