Aspen Aerogels announced third-quarter 2026 results and business updates, and added energy-industry investor Stacy D. Nieuwoudt to its board. The materials provided here do not include the earnings release’s financial results or business outlook, so the performance details cannot be assessed from this information.
Nieuwoudt joined the board effective November 4, with appointments to its Audit and Compensation & Leadership Development committees. Aspen expanded the board from six directors to seven.
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Board term and experience: Nieuwoudt will serve as a Class III director through the company’s 2029 annual meeting. She has been a private investor since 2019 and previously worked as an energy and industrials analyst at Citadel affiliates. She currently sits on the board of energy-services company ProFrac, where she chairs the Compensation Committee and serves on the Audit Committee. She has also served on the boards of enCore Energy and Independence Contract Drilling.
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Independence and committee roles: Aspen’s board determined that Nieuwoudt is independent. Her committee assignments place her on the board’s audit and director-compensation committees.
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Director compensation: Her annual cash retainers are $45,000 for board service, $7,500 for Audit Committee service and $5,000 for Compensation & Leadership Development Committee service—a combined $57,500 a year, prorated for her service during the year. She also received a prorated award of restricted stock and stock options. The award is scheduled to vest before the 2027 annual meeting or upon a change in control, whichever comes first.
The appointment adds a seventh director with energy-sector and capital-markets experience and increases the board’s membership on two key committees.