secwatch.observer — SEC 8-K summary
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Issuer:     FUELCELL ENERGY INC (FCEL)
CIK:        0000886128
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0001558370-25-005823
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886128/000155837025005823/0001558370-25-005823-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886128/000155837025005823/fcel-20250423x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-005823

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