FuelCell Energy EVP & Chief Commercial Officer Mark Feasel Departs Without Cause

FUELCELL ENERGY INC

Mark Feasel terminated without cause effective May 2, 2025; separation agreement signed April 28.
Severance of $387,192 (12 months base salary) paid in equal installments over 12 months.
17,218 unvested time-vesting RSUs accelerate; all performance stock units and other unearned equity forfeited.
Eligible for pro-rata FY2025 management incentive plan award based on actual full-year performance.
Benefits contingent on release of claims and continued compliance with non-competition and confidentiality covenants.

item 5.02 item 9.01

Executive movements

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Departed

Mark Feasel

Executive Vice President and Chief Commercial Officer

FCEL · FUELCELL ENERGY INC

Effective: 2025-05-02
Filed: April 29, 2025, 7:59 PM ET

On April 23, 2025, FuelCell Energy, Inc. (the “Company”) made a determination to end its employment relationship with Mark Feasel, its Executive Vice President and Chief Commercial Officer, without cause, effective as of May 2, 2025.

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Executive change SEC 8-K Item 5.02 confidence 0.95

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

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

Exact text from the filing

On April 23, 2025, FuelCell Energy, Inc. (the “Company”) made a determination to end its employment relationship with Mark Feasel, its Executive Vice President and Chief Commercial Officer, without cause, effective as of May 2, 2025.

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FUELCELL ENERGY INC filing history →

Source: SEC EDGAR

accession 0001558370-25-005823

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