---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-041539"
form_type: "8-K"
ticker: "PLUG"
cik: "0001093691"
company_name: "PLUG POWER INC"
filed_at: "2023-04-04T23:59:59+00:00"
generated_at: "2026-06-17T06:15:56.820255+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Plug Power EVP Dirk Ole Hoefelmann resigns; Sanjay Shrestha assumes duties

## Summary
- Hoefelmann resigned as General Manager, Electrolyzers and EVP effective April 1, 2023, by mutual agreement.
- Sanjay K. Shrestha takes over Hoefelmann's responsibilities in addition to his current role.
- Separation pay: lump sum of $400,000.12 (52 weeks base salary), 2022 bonus, vested options extend 12 months.
- Hoefelmann subject to one-year non-compete and non-solicitation covenants.
- Unvested stock options and awards forfeited; health insurance payment of $24,477.23 included.

## SEC filing metadata
- accession: 0001104659-23-041539
- form_type: 8-K
- ticker: PLUG
- cik: 0001093691
- company_name: PLUG POWER INC
- filed_at: 2023-04-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093691/000110465923041539/0001104659-23-041539-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093691/000110465923041539/tm2311753d1_8kseq1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-041539
- JSON: https://secwatch.observer/filing/0001104659-23-041539.json
- Plain text: https://secwatch.observer/filing/0001104659-23-041539.txt

## Key facts
- Executive change
  Dirk Ole Hoefelmann resigned as General Manager, Electrolyzers and Executive Vice President at PLUG POWER INC.
  - Action: resigned
  - Role: General Manager, Electrolyzers and Executive Vice President
  source text: On April 1, 2023, Plug Power Inc. (the “Company”) and Dirk Ole Hoefelmann mutually agreed that Mr. Hoefelmann would resign as General Manager, Electrolyzers and Executive Vice President of the Company effective immediately to pursue other interests.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1093691/000110465923041539/0001104659-23-041539-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.