secwatch.observer — SEC 8-K summary
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Issuer:     FUELCELL ENERGY INC (FCEL)
CIK:        0000886128
Form:       8-K
Filed at:   2022-04-05T23:59:59+00:00
Accession:  0001558370-22-005083
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FuelCell Energy appoints Mark Feasel as EVP and Chief Commercial Officer
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886128/000155837022005083/0001558370-22-005083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886128/000155837022005083/fcel-20220331x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-005083

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