DEF: NuScale Power Sets 2026 Annual Meeting Date

NuScale Power Corporation has announced its 2026 Annual Meeting of Stockholders will be held virtually on May 29, 2026, with a record date of March 30, 2026.

Summary

• NuScale Power Corporation is holding its 2026 Annual Meeting of Stockholders virtually on Friday, May 29, 2026, at 1:30 p.m. Pacific Time.
• The meeting will be accessible online at www.virtualshareholdermeeting.com/SMR2026.
• Stockholders of record as of the close of business on March 30, 2026, are eligible to vote and participate.
• The principal business of the meeting includes electing nine directors, holding a non-binding advisory vote on executive compensation, and ratifying the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2026.
• Proxy materials, including the proxy statement and 2025 Annual Report on Form 10-K, are being made available electronically starting April 15, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it pertains to routine corporate governance and annual meeting procedures, indicating operational stability and adherence to regulatory requirements.

Positives

• The company is holding its annual meeting to ensure shareholder engagement and governance.
• The virtual format allows for broad accessibility to stockholders.
• A clear record date (March 30, 2026) and meeting date (May 29, 2026) are provided.
• The company is providing access to its 2025 Annual Report on Form 10-K for detailed financial information.

Risks

• Forward-looking statements are subject to risks including deterioration in economic conditions, capital markets volatility, interest rate and currency rate fluctuations, economic slowdown or recession.
• Deterioration in or pressures from competitive conditions.
• Challenges in successfully developing, manufacturing, and commercializing its product and related technology.
• Consumer preferences and acceptance of its product and services.
• Ability to raise capital.
• International, regulatory, political, or military developments.
• Technological developments.
• Labor markets and activities.
• Adverse weather conditions or natural disasters.
• Legal or tax changes.

Future Outlook

The filing is a proxy statement for the annual meeting and does not contain specific forward-looking financial guidance. However, it does include a cautionary note regarding forward-looking statements related to business performance, development, commercialization, and capital raising.

Management Comments

• "We encourage you to access the Annual Meeting prior to the start time to allow ample time for online check-in."
• "We encourage you to attend the Annual Meeting, but it is important that your shares are represented at the Annual Meeting whether or not you plan to attend."
• "On behalf of the Board of Directors and our leadership team, I would like to express our appreciation for your continued interest in NuScales business."
• "We believe their diverse backgrounds contribute to an effective and well-balanced board of directors."
• "Our compensation policies and philosophies are designed to: attract, retain and motivate senior management leaders who are capable of advancing NuScales mission and strategy and, ultimately, creating and maintaining its long-term equity value."
• "The Board recommends that you vote: 'FOR' the election of nine directors... FOR the approval of a non-binding advisory vote to approve executive compensation; and 'FOR' the ratification of the appointment of EY as our independent registered public accounting firm..."

Industry Context

StockSavvy.ai notes that NuScale Power's proxy statement highlights the ongoing importance of corporate governance and shareholder engagement in the advanced nuclear energy sector. The company's focus on electing experienced directors and seeking shareholder approval for executive compensation and auditor ratification reflects standard practices within the industry, particularly for companies navigating complex technological development and commercialization.

Management Changes

Corporate Governance

Related Party Transactions

• Fluor Enterprises, Inc. is a related person by virtue of owning over 5% of Class A common stock. Fluor Transworld Services, Inc. made payments totaling $22,124,860.16 to NuScale Power, LLC for engineering, design, and other services under a Master Services Agreement in 2025.
• The Tax Receivable Agreement (TRA) with Fluor Corporation and TRA Holders involves payments of 42.5% of net cash tax savings to Fluor and 57.5% to the Company, related to exchanges of NuScale Power, LLC Class B Units for Class A common stock. As of December 31, 2025, an implied TRA obligation of $582,178,000 was calculated, with a potential accelerated payment of $365,000,000 upon a change of control or early termination.

Stakeholder Impact

• Shareholders: Will vote on director elections, executive compensation, and auditor ratification, influencing corporate governance and executive accountability.
• Management: Executive compensation is subject to advisory shareholder vote, aligning their interests with long-term value creation.
• Auditors: Ernst & Young LLP's appointment for fiscal year 2026 is subject to shareholder ratification.

Next Steps

• Hold the 2026 Annual Meeting of Stockholders on May 29, 2026.
• Elect nine directors to serve until the next annual meeting.
• Hold a non-binding advisory vote to approve executive compensation.
• Ratify the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2026.
• Stockholders to submit questions in advance of the meeting by May 28, 2026.

Key Dates

Recommendation

This filing is a routine proxy statement for an annual meeting and does not contain new financial performance data or strategic shifts that would warrant a change in investment recommendation. It primarily addresses corporate governance matters and upcoming shareholder votes.

Keywords

NuScale Power, Proxy Statement, Annual Meeting, Stockholders, Board of Directors, Executive Compensation, Independent Auditor, Corporate Governance, SEC Filing, Form 14A