FuelCell Energy shareholders approve 25M extra shares for incentive plan; say-on-pay vote fails

FUELCELL ENERGY INC

Stockholders approved amendment to increase authorized shares under incentive plan by 25M, totaling 43,333,333 shares.
Non-binding say-on-pay vote failed: 52.1M for vs 63.1M against, with 96.9M broker non-votes.
All seven director nominees re-elected at April 4, 2024 annual meeting.
KPMG LLP ratified as independent auditor for fiscal year ending October 31, 2024.
Fourth Amended and Restated 2018 Omnibus Incentive Plan filed as Exhibit 10.1, effective April 4, 2024.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FUELCELL ENERGY INC shareholders approved Election of seven directors to serve until the 2025 Annual Meeting of Stockholders and until their successors are duly elected and qualified at the 2024-04-04 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-04-04

Exact text from the filing

Election of seven directors to serve until the 2025 Annual Meeting of Stockholders and until their successors are duly elected and qualified. NAME OF DIRECTOR VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES James H. England 89,481,033 26,345,593 1,230,015 96,928,563 Jason Few 103,354,323 12,463,442 1,238,876 96,928,563 Matthew F. Hilzinger 108,297,299 7,319,796 1,439,546 96,928,563 Natica von Althann 105,943,879 9,703,890 1,408,872 96,928,563 Cynthia Hansen 110,470,835 5,258,559 1,327,247 96,928,563 Donna Sims Wilson 91,526,953 24,167,974 1,361,714 96,928,563 Betsy Bingham 108,264,957 7,432,559 1,359,125 96,928,563

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FUELCELL ENERGY INC shareholders rejected Approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers at the 2024-04-04 meeting.

Proposal: say on pay
Outcome: failed
Meeting: 2024-04-04

Exact text from the filing

Approval, on a non-binding advisory basis, of the compensation of the Company’s named executive officers as set forth in the “Executive Compensation” section of the proxy statement. VOTES FOR: 52,136,311 VOTES AGAINST: 63,057,663 ABSTENTIONS: 1,862,667 BROKER NON-VOTES: 96,928,563

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FUELCELL ENERGY INC shareholders approved Ratification of the selection of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending October 31, 2024 at the 2024-04-04 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-04-04

Exact text from the filing

Ratification of the selection of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending October 31, 2024. VOTES FOR: 180,508,389 VOTES AGAINST: 31,789,036 ABSTENTIONS:1,687,779 BROKER NON-VOTES: 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FUELCELL ENERGY INC shareholders approved Approval of the amendment and restatement of the FuelCell Energy, Inc. Third Amended and Restated 2018 Omnibus Incentive Plan at the 2024-04-04 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2024-04-04

Exact text from the filing

Approval of the amendment and restatement of the FuelCell Energy, Inc. Third Amended and Restated 2018 Omnibus Incentive Plan. VOTES FOR: 86,486,359 VOTES AGAINST: 29,209,160 ABSTENTIONS: 1,361,122 BROKER NON-VOTES: 96,928,563

View on SEC.gov

560 shareholder votes filed in the last 30 days. Browse all shareholder votes →

FUELCELL ENERGY INC filing history →

Source: SEC EDGAR

accession 0001104659-24-044306

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