---
title: "PureCycle Shareholders Back Board, Auditor and Executive Pay"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285948248.md"
description: "At its annual meeting on May 7, 2026, PureCycle Technologies shareholders elected nine directors and ratified Grant Thornton, LLP as the independent auditor for the fiscal year ending December 31, 2026. Shareholders also approved the compensation of named executive officers, indicating support for current leadership. The latest analyst rating for PCT stock is a Hold with a $10.00 price target, reflecting concerns over financial performance despite positive technical momentum. PureCycle focuses on recycling polypropylene plastic waste into reusable resin, targeting sustainable materials solutions in the packaging market."
datetime: "2026-05-11T13:03:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285948248.md)
  - [en](https://longbridge.com/en/news/285948248.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285948248.md)
---

# PureCycle Shareholders Back Board, Auditor and Executive Pay

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PureCycle Technologies ( (PCT) ) has shared an update.

At its annual meeting of shareholders held on May 7, 2026, PureCycle Technologies shareholders elected nine directors to serve until the next annual meeting, with all nominees receiving sufficient support to be seated on the board. The slate included Steven Bouck, Tanya Burnell, Daniel Coombs, Daniel Gibson, Allen Jacoby, Siri Jirapongphan, Valerie Mars, Fernando Musa, and Dustin Olson, reflecting continuity in the company’s governance structure.

Shareholders also ratified the appointment of Grant Thornton, LLP as PureCycle’s independent registered public accounting firm for the fiscal year ending December 31, 2026, reinforcing confidence in the company’s financial oversight. In addition, investors approved, on an advisory basis, the compensation of the company’s named executive officers, signaling broad shareholder support for current leadership and executive pay practices.

The most recent analyst rating on (PCT) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on PureCycle Technologies stock, see the PCT Stock Forecast page.

**Spark’s Take on PCT Stock**

According to Spark, TipRanks’ AI Analyst, PCT is a Neutral.

Overall score is held back primarily by weak financial performance (heavy losses, cash burn, and very high leverage with limited equity cushion). Offsetting factors include strong technical momentum and a constructive earnings update highlighting scaling progress and commercial validations, though liquidity drawdown and continued negative EBITDA keep risk elevated.

To see Spark’s full report on PCT stock, click here.

**More about PureCycle Technologies**

PureCycle Technologies, Inc. operates in the recycling and advanced materials industry, focusing on the purification and recycling of polypropylene plastic waste into high-quality, reusable resin. The company targets industrial and consumer packaging markets seeking sustainable materials solutions and aims to position itself as a key player in the circular plastics economy.

**Average Trading Volume:** 4,557,360

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $1.72B

Find detailed analytics on PCT stock on TipRanks’ Stock Analysis page.

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