Fuel Tech, Inc. announced that Vincent J. Arnone resigned as Chairman of the Board effective September 15, 2026, while continuing to serve as a board member. The Board elected Sharon L. Jones, an existing independent director, to succeed him as Chairman effective September 16, 2026. The resignation was not due to any disagreement with management or the Board on operations or policies. Fuel Tech operates in the industrial environmental technology sector, providing air pollution control and energy efficiency solutions.

Fuel Tech reported second quarter 2026 financial results with consolidated revenues rising 17% to $6.5 million from $5.6 million in the prior year period. The company posted a net loss of $1.2 million, or $0.04 per share, compared to a net loss of $0.7 million, or $0.02 per share, previously. Air Pollution Control segment revenues increased 11% to $2.8 million with backlog growing to $14.3 million, while FUEL CHEM segment revenues rose 21% to $3.7 million. Fuel Tech announced that Ramesh Nuggihalli will succeed Vincent J. Arnone as President and CEO effective August 10, 2026. The company maintains a balance sheet with approximately $30 million in cash, equivalents, and investments and no long-term debt. Fuel Tech develops and commercializes proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services.

Fuel Tech, Inc. announced that CEO and President Vincent J. Arnone will retire from executive roles effective August 10, 2026, remaining as an employee through September 15 to assist the transition. The Board appointed Ramesh Nuggihalli as the new CEO and President, also effective August 10. Nuggihalli receives a $440,000 base salary, a target short-term incentive of 75% of salary, and an initial grant of 300,000 RSUs vesting over three years. He is entitled to severance equal to 12 months' salary upon termination without cause or for good reason within the first 36 months. Fuel Tech operates in the environmental technology industry, providing air pollution control systems and services.

Fuel Tech, Inc. held its Annual Meeting of Stockholders on June 4, 2026, where stockholders elected four directors to the Board of Directors and ratified the appointment of RSM US LLP as the independent registered public accounting firm. Additionally, stockholders also approved, on an advisory, non-binding basis, the Company's executive compensation.