---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-010617"
form_type: "8-K"
ticker: "FCEL"
cik: "0000886128"
company_name: "FUELCELL ENERGY INC"
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T12:18:08.919193+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# FuelCell Energy extends CT assistance agreement target to Oct 2024, updates job targets

## Summary
- Third Amendment extends Phase 1 Target Date to October 31, 2024 from prior date.
- Company must retain 538 full-time positions in CT for 24 consecutive months by that date.
- Failure results in penalty of $14,225 per job below 538, applied to loan balance.
- If company retains 538 and creates 91 additional jobs (total 629), it may receive $2M credit on $10M loan.
- Loan originated in 2015 with $10M disbursement for manufacturing expansion in Torrington, CT.

## SEC filing metadata
- accession: 0001558370-23-010617
- form_type: 8-K
- ticker: FCEL
- cik: 0000886128
- company_name: FUELCELL ENERGY INC
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/886128/000155837023010617/0001558370-23-010617-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/886128/000155837023010617/fcel-20230524x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-010617
- JSON: https://secwatch.observer/filing/0001558370-23-010617.json
- Plain text: https://secwatch.observer/filing/0001558370-23-010617.txt

## Key facts
- Material Agreements
  FUELCELL ENERGY INC amended Third Amendment to Assistance Agreement with State of Connecticut (effective 2023-05-24).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: State of Connecticut
  - Effective: 2023-05-24
  source text: In April 2023, the Company signed a Third Amendment to the Assistance Agreement (the “Third Amendment”). The Third Amendment was approved by the State of Connecticut Office of Attorney General on May 18, 2023, and the State of Connecticut Office of Attorney General released, and the Company received, the countersigned Third Amendment on May 24, 2023, at which time the Third Amendment became effective.
  evidence_url: https://www.sec.gov/Archives/edgar/data/886128/000155837023010617/0001558370-23-010617-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.