Comstock Appoints Three Board Directors After Shareholder Talks

Dow Jones

Yesterday

By Katherine Hamilton

Comstock appointed three independent directors to its board.

Donald Colvin, Steven Pei and Robert Spence joined effective immediately, the renewable-energy products company said Tuesday.

Comstock said it reached the appointments through "constructive dialogue" with significant shareholders, including MAK Capital Fund and Gratia Capital.

Kristin Slanina will assume a non-executive chair role after the company's 2027 annual shareholder meeting. Walter Marting Jr. will serve as non-executive chair of the board during a transition period until that time.

Marting and fellow board director William Nance have each committed not to stand for reelection at the 2027 shareholder meeting.

Colvin previously served as finance chief of Caesars Entertainment and ON Semiconductor. He is slated to serve on Comstock's audit and finance committee once he gets the necessary approvals.

Pei is the founder and chief investment officer of Gratia Capital, one of Comstock's shareholders. He also has experience in restructuring.

Spence is a senior legal and governance executive with experience in industrial and manufacturing. He is director of Ecobat, a battery recycling company. He is set to chair both the audit and finance and the compensation committees, effective immediately, Comstock said.

Shares advanced 5.4% to $2.93 in after-hours trading Tuesday.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 24, 2026 17:11 ET (21:11 GMT)

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Walter Marting Jr. will serve as non-executive chair of the board during a transition period until that time. \n\n\n  Marting and fellow board director William Nance have each committed not to stand for reelection at the 2027 shareholder meeting. \n\n\n  Colvin previously served as finance chief of Caesars Entertainment and ON Semiconductor. He is slated to serve on Comstock's audit and finance committee once he gets the necessary approvals. \n\n\n  Pei is the founder and chief investment officer of Gratia Capital, one of Comstock's shareholders. He also has experience in restructuring. \n\n\n  Spence is a senior legal and governance executive with experience in industrial and manufacturing. He is director of Ecobat, a battery recycling company. He is set to chair both the audit and finance and the compensation committees, effective immediately, Comstock said. \n\n\n  Shares advanced 5.4% to $2.93 in after-hours trading Tuesday. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 24, 2026 17:11 ET (21:11 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}