ClearSign Technologies Appoints Larry M. Saddler to Board

What Happened
ClearSign Technologies Corporation announced the board appointment of Larry M. Saddler, effective August 6, 2026, to fill a vacancy remaining after the company’s June 8, 2026 annual meeting. Mr. Saddler, age 76, brings over 40 years of engineering and operations experience at ExxonMobil, including roles focused on ultra-low NOx burner technology and fired equipment operations. The company issued a press release on August 11, 2026 and filed Mr. Saddler’s offer letter as an exhibit to the 8‑K.

Key Details

• Appointment effective: August 6, 2026; follow-up press release dated August 11, 2026.
• Compensation: $60,000 cash annually (payable quarterly, prorated at start), with option to take some/all as RSUs; non‑statutory stock options with $40,000 aggregate annual fair market value (issued quarterly, prorated).
• Make‑Whole Payments: ClearSign agreed to pay cash equal to value of certain prior‑employer RSUs that Mr. Saddler forfeits as a result of joining the board, subject to his continued service through each vesting date; payments due within 30 days after vesting (or by March 15 the following year).
• Background: >40 years at ExxonMobil (roles from Fired Equipment Engineer to Global Technology Sponsor for Heat Transfer), retired Feb 2021; B.S. in Mechanical Engineering from Clemson University.
• Governance: Mr. Saddler signed the company’s standard indemnification agreement; no related‑party transactions or family relationships disclosed.

Why It Matters
This fills a previously vacant board seat with an industry veteran whose experience in fired equipment and ultra‑low NOx technologies aligns with ClearSign’s focus on combustion emissions and related products. For investors, the appointment signals added technical expertise at the board level without unusually large ongoing cash compensation, though the make‑whole arrangement for prior RSUs could result in future cash outflows if applicable. The offer letter and indemnification agreement are filed with the 8‑K for additional detail.