T1 Energy Inc. shareholders elected all eight nominees to the Board of Directors and ratified the appointment of KPMG as the independent registered public accounting firm during the 2026 Annual General Meeting held on June 17, 2026. The voting results, certified by Broadridge Financial Solutions as the independent Inspector of Election, also saw the approval of the advisory 'Say on Pay' management proposal and a proposed amendment to T1's certificate of incorporation.

All eight Board nominees received more than 98% approval of the shares voted. The proposal to ratify KPMG as the Company's independent registered public accounting firm received approval from more than 99% of the shares voted. The 'Say on Pay' advisory management proposal received approval from more than 82% of the shares voted, while the proposal to approve the amendment to T1's certificate of incorporation received votes in favor from more than 97% of shares voted.

The nominees elected to T1's Board of Directors are Richard Anderson, Jessica Strine, Todd Kantor, David Manners, Daniel Steingart, Peter Matrai, Robert Hammond, and Daniel Barcelo.

Voting Results Summary

Dan Barcelo, Chairman and CEO of T1 Energy, emphasized the Company's foundational stage in its mission to provide scalable, reliable, and low-cost energy. He expressed gratitude for shareholder support and highlighted the focus on establishing T1 as a domestic, vertically integrated U.S. solar leader.

T1 Energy Inc. is an energy solutions provider building an integrated U.S. supply chain for solar. In December 2024, the Company completed a transformative transaction, positioning itself as one of the leading solar manufacturing companies in the U.S., with a complementary solar and storage strategy.

Shares of T1 Energy Inc (NYSE: TE) fell 6.50% to $7.91 on Wednesday after short-seller Fuzzy Panda Research published a report alleging the solar manufacturer misled investors about its supply chain compliance. The report, a follow-up to Fuzzy Panda’s May 19 findings, claims a whistleblower provided 26 invoices showing T1 purchased more than $65 million in solar cells from China’s Trina Solar during the first quarter of 2026. This purchase allegedly occurred despite multiple company executives publicly stating the firm had stopped buying from Trina and shifted to four non-Chinese, FEOC-compliant suppliers.

T1 Energy invoices allegedly tie solar cells to Trina Solar

Fuzzy Panda, which holds a disclosed short position in TE, argues that the use of Trina Solar components violates U.S. FEOC rules tied to the 45X tax credit program. Under these rules, solar manufacturers must source less than 50% of material costs from prohibited foreign entities. Because solar cells represent the bulk of T1’s bill of materials, the research firm contends the company’s Material Assistance Cost Ratio sits at just 19%, well below the required 50% threshold.

Why T1 Energy’s FEOC compliance status could erase its profits

The distinction matters enormously for T1’s bottom line. The report contends that the $41.4 million in 45X tax credits T1 booked in Q1 2026 would need to be reversed. This adjustment would flip adjusted EBITDA from a reported positive $9.1 million to a loss of $32.3 million. Additionally, Trina Solar was added to the U.S. Department of War’s list of Chinese military companies operating in the United States just two days before the report’s publication.