Greenbacker Shareholders Reelect Board

Over half of outstanding shares participated in the annual vote, signaling continued investor engagement.

August 04, 2025

Strong Turnout Drives Shareholder Decisions

At Greenbacker Renewable Energy Company’s annual shareholder meeting on July 31, every item on the ballot moved forward without disruption. Shareholders voted to reelect the company’s full board of directors and gave a majority nod to its executive compensation plan.

Roughly 52% of Greenbacker’s 199 million outstanding shares were represented—either by proxy or in person via webcast. That level of turnout gave the company what it needed to move ahead with confidence. All seven board nominees secured the votes required to continue their service through 2026. Vote totals varied slightly among the directors, but the overall message was consistent: shareholders were ready to renew the current leadership team.

Executive Compensation Approved With Mixed Support

Shareholders also weighed in on executive compensation. The proposal passed, with 43.2 million shares in favor and 22.3 million against. Another 38 million shares were marked as abstentions. The result signals approval, but it also highlights a portion of the investor base that may be watching compensation decisions more closely.

Next Steps

With the meeting wrapped and results certified, interim CEO Daniel de Boer formally submitted the report to the SEC. For Greenbacker, the outcome keeps governance steady and leaves room to keep building on its strategy in the renewable energy space—backed by a majority of engaged investors.