FuelCell Energy appoints Mark Feasel as EVP and Chief Commercial Officer

FUELCELL ENERGY INC

Mark Feasel appointed EVP and Chief Commercial Officer effective April 18, 2022; Jason Few steps down as CCO but remains CEO and President.
Feasel receives base salary of $365,000 and target annual bonus of 65% of salary; one-time RSU award of $1M vesting 50% in 2023 and 50% in 2024.
One-time cash signing bonus of $400,000 with clawback if Feasel resigns or is terminated for cause within 24 months.
Severance upon termination without cause or for good reason: 6 months of base salary plus COBRA for 6 months.
Change-in-control severance: 1 year of base salary plus average bonus, COBRA for 12 months, and equity acceleration.

item 5.02 item 9.01

Executive movements

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Role change

Jason Few

Chief Commercial Officer

FCEL · FUELCELL ENERGY INC

Effective: 2022-03-31
Successor: Mark Feasel
Filed: April 5, 2022, 7:59 PM ET

Jason Few, the Company’s President, Chief Executive Officer and Chief Commercial Officer, resigned his role of Chief Commercial Officer effective March 31, 2022.

Appointed

Mark Feasel

Executive Vice President and Chief Commercial Officer

FCEL · FUELCELL ENERGY INC

Effective: 2022-04-18
Filed: April 5, 2022, 7:59 PM ET

On March 31, 2022, the Board of Directors (the “Board”) of FuelCell Energy, Inc. (the “Company”) appointed Mark Feasel to serve as the Company’s Executive Vice President and Chief Commercial Officer, effective April 18, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Few resigned as Chief Commercial Officer at FUELCELL ENERGY INC.

Action: resigned
Role: Chief Commercial Officer

Exact text from the filing

Jason Few, the Company’s President, Chief Executive Officer and Chief Commercial Officer, resigned his role of Chief Commercial Officer effective March 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Feasel was appointed as Executive Vice President and Chief Commercial Officer at FUELCELL ENERGY INC.

Action: appointed
Role: Executive Vice President and Chief Commercial Officer

Exact text from the filing

On March 31, 2022, the Board of Directors (the “Board”) of FuelCell Energy, Inc. (the “Company”) appointed Mark Feasel to serve as the Company’s Executive Vice President and Chief Commercial Officer, effective April 18, 2022.

View on SEC.gov

FUELCELL ENERGY INC filing history →

Source: SEC EDGAR

accession 0001558370-22-005083

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