FuelCell Energy stockholders approve equity plan amendments but reject increase in authorized shares

FUELCELL ENERGY INC

ESPP amended to increase shares reserved to 541,667 (up 500,000) for employee purchases at 85% of market price.
Omnibus Incentive Plan amended to increase shares to 18,333,333 (up 6,000,000) for equity awards.
Proposal to double authorized common shares to 1B failed; 188.2M votes for, needed >202.9M (50% of outstanding).
Advisory say-on-pay approved; stockholders selected 1-year frequency for future votes on executive compensation.
All seven director nominees re-elected; KPMG ratified as independent auditor for FY2023.

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 Approval of the amendment and restatement of the FuelCell Energy, Inc. 2018 Employee Stock Purchase Plan at the 2023-05-22 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2023-05-22

Exact text from the filing

VOTES FOR: 149,076,515 VOTES AGAINST: 12,333,113 ABSTENTIONS: 2,773,972 BROKER NON-VOTES: 66,772,260

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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. Second Amended and Restated 2018 Omnibus Incentive Plan at the 2023-05-22 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2023-05-22

Exact text from the filing

VOTES FOR: 137,744,220 VOTES AGAINST: 23,219,227 ABSTENTIONS: 3,220,153 BROKER NON-VOTES: 66,772,260

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FUELCELL ENERGY INC shareholders approved Election of seven directors to serve until the 2024 Annual Meeting of Stockholders and until their successors are duly elected and qualified at the 2023-05-22 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-05-22

Exact text from the filing

NAME OF DIRECTOR VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES James H. England 141,270,938 19,971,175 2,941,487 66,772,260 Jason Few 149,580,138 11,001,867 3,601,595 66,772,260 Matthew F. Hilzinger 148,748,083 11,797,063 3,638,454 66,772,260 Natica von Althann 145,180,162 15,398,968 3,604,470 66,772,260 Cynthia Hansen 150,572,600 10,047,748 3,563,252 66,772,260 Donna Sims Wilson 141,770,225 18,856,339 3,557,036 66,772,260 Betsy Bingham 148,686,818 11,890,157 3,606,625 66,772,260

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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, 2023 at the 2023-05-22 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-05-22

Exact text from the filing

VOTES FOR: 209,288,213 VOTES AGAINST: 18,178,020 ABSTENTIONS: 3,489,627 BROKER NON-VOTES: 0

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

FUELCELL ENERGY INC filing history →

Source: SEC EDGAR

accession 0001558370-23-010374

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