Ameresco, Inc.
For the period ended Dec 31, 2025. Filed Apr 23, 2026.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Dec 31, 2025 · Filed Apr 23, 2026
Contents
Cover page
Show cover page
DEF 14A 1 a2026noticeanddefinitivepr.htm DEF 14A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrantþ
Filed by a Party other than the Registrant¨
Check the appropriate box:
¨ Preliminary Proxy Statement
¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
þ Definitive Proxy Statement
¨ Definitive Additional Materials
¨ Soliciting Material under §240.14a-12
Ameresco, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
þ No fee required.
¨ Fee paid previously with preliminary materials
¨ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
NOTICE OF 2026 ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON JUNE 4, 2026
To Our Stockholders:
The 2026 annual meeting of stockholders of Ameresco, Inc., a Delaware corporation, will be held on June 4, 2026, at 10:00 a.m., Eastern Time, for the following purposes:
To elect thetwo (2) nominees identified in the accompanying proxy statement as members of our board of directors to serve as class I directors for a term of three years.
To ratify the appoi ntment of RSM US LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2026.
To approve an amendment to our 2020 Stock Incentive Plan to increase the number of shares of common stock available thereunder by 3,200,000 shares.
To hold an advisory vote on executive compensation, and
To transact other busi ness, if any, that may properly come before the annual meeting and any adjournment thereof.
The foregoing items of business are more fully described in the Proxy Statement. Only stockholders who owned our Class A common stock or Class B common stock at the close of business on April 10, 2026, can vote at the Annual Meeting or any adjournments or postponements that take place.
Our board of directors, or board, recommends that you vote FOR the election of the director nominees named in Proposal 1, FORthe ratification of the appointment of RSM US LLP as our independent registered public accounting firm as described in Proposal 2, FOR the approval of an amendment to Ameresco Inc.’s 2020 Equity Incentive Plan as described in Proposal 3, and FOR the approval of an advisory vote on executive compensation as described in Proposal 4.
This year’s annual meeting will be a completely virtual meeting of stockholders, conducted via an online platform. The Annual Meeting can be accessed by visiting www.virtualshareholdermeeting.com/AMRC2026, where you will be able to listen to the meeting live, submit questions and vote online.
We are pleased to utilize the Securities and Exchange Commission, or SEC, rules that allow issuers to furnish proxy materials to their stockholders on the Internet. On or about April 24, 2026, we will mail to our stockholders of record as of April 10, 2026 (other than those who previously requested electronic or paper delivery on an ongoing basis) a Notice Regarding the Availability of Proxy Materials, or Notice, with instructions for accessing the proxy materials and voting over the Internet, by telephone or mobile device or by mail. The Notice also provides information on how stockholders may request paper copies of our proxy materials. We believe electronic delivery of our proxy materials and our 2025 Annual Report will help us reduce the environmental impact and costs of printing and distributing paper copies and improve the speed and efficiency by which our stockholders can access these materials.
Your vote is very important. Whether or not you plan to attend the virtual annual meeting, we encourage you to read our proxy materials and submit your proxy or voting instructions as soon as possible over the Internet, by telephone or mobile device or by mail.
By Order of the Board of Directors,
David J. Corrsin
Secretary
April 23, 2026
TABLE OF CONTENTS
| GENERAL INFORMATION ABOUT THE MEETING AND VOTING | 1 |
|---|---|
| Information about the proxy process and voting | 1 |
| PROPOSAL 1—ELECTION OF DIRECTORS | 4 |
| PROPOSAL 2—RATIFICATION OF THE SELECTION OF OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 5 |
| Audit and Other Fees | 5 |
| Policy on Pre-Approval of Audit and Non-Audit Services | 5 |
| Audit Committee Report | 6 |
| PROPOSAL 4 — APPROVAL OF AMENDMENT TO THE AMERESCO, INC. 2020 STOCK INCENTIVE PLAN | 7 |
| Highlights of the Amended Plan | 8 |
| Reasons Why Stockholders Should Approve the 2020 Plan Amendment | 9 |
| Information Regarding Burn Rate and Overhang | 9 |
| Description of the Amended Plan | 10 |
| PROPOSAL 4 —NON-BINDING ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION | 19 |
| STOCK OWNERSHIP AND RELATED INFORMATION | 20 |
| Stock Ownership | 20 |
| Equity Compensation Plan Information | 22 |
| Delinquent Section 16(a) Reports | 22 |
| CORPORATE GOVERNANCE | 23 |
| Board of Directors | 23 |
| Governance Policies and Practices | 31 |
| Compensation Committee Interlocks and Insider Participation | 33 |
| EXECUTIVE COMPENSATION AND RELATED INFORMATION | 34 |
| Our Executive Officers and Our Named Executive Officers | 34 |
| Compensation Discussion and Analysis | 35 |
| Compensation Committee Report | 43 |
| Executive Compensation Tables | 44 |
| Pay Ratio | 48 |
| PAY VERSUS PERFORMANCE | 49 |
| CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS | 54 |
| Related Person Transactions | 54 |
| Policies and Procedures for Related Person Transactions | 54 |
| ADDITIONAL INFORMATION | 54 |
| APPENDIX A | 56 |
| APPENDIX B | 66 |
111 Speen Street, Suite 410,
Framingham, Massachusetts 01701
PROXY STATEMENT FOR 2026 ANNUAL MEETING OF STOCKHOLDERS
TO BE HELD ON JUNE 4, 2026
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.