Plug Power issues special preferred share to CEO for reverse stock split vote at July 3 meeting

PLUG POWER INC

Issued one share of Series F Mirroring Preferred Stock to CEO Andrew J. Marsh for $1,000.
The share carries 45 billion votes, mirroring common stock vote proportion on reverse split proposal.
Reverse stock split proposal will be voted on at annual meeting on July 3, 2025.
The special share is non-convertible, has no other voting rights, and will be redeemed for $1,000 after the vote.
Purpose is to secure the required stockholder vote for the reverse split without overriding common shareholder preference.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

PLUG POWER INC: Filed Certificate of Designation of Series F Mirroring Preferred Stock to create a new class of preferred stock with voting rights exclusively on a reverse stock split proposal (effective 2025-06-05).

Change: charter amendment
Effective: 2025-06-05

Exact text from the filing

On June 5, 2025, the Company filed a Certificate of Designation of the Series F Mirroring Preferred Stock (the “Certificate of Designation”) with the Secretary of State of the State of Delaware to create a new class of Series F Mirroring Preferred Stock.

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Source: SEC EDGAR

accession 0001104659-25-057297

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