FUELCELL ENERGY, INC. (NASDAQ:FCEL) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.
On September 29, 2017, FuelCell Energy, Inc. (the “Company”) held a special meeting of shareholders (the “Special Meeting”). At the Special Meeting, the Company’s shareholders voted on the following two proposals:
| (1) | To ratify the filing and effectiveness of the certificate of amendment to the Company’s certificate of incorporation, as amended and/or restated, filed with the Secretary of State of the State of Delaware on December 3, 2015 and the 1-for-12 reverse stock split of the Company’s common stock that was effected thereby and became effective on December 3, 2015 (the “Amendment Ratification”). |
The results of the voting were as follows:
VOTES FOR: 36,012,130 VOTES AGAINST: 4,923,113 ABSTENTIONS: 580,193
BROKER NON-VOTES: 0
Accordingly, the Amendment Ratification proposal was approved. The Company has filed a certificate of validation in respect of the Amendment Ratification with the Secretary of State of the State of Delaware.
| (2) | To approve an adjournment of the Special Meeting, if necessary, to solicit additional proxies if there were not sufficient votes in favor of the Amendment Ratification (the “Adjournment Proposal”). |
The results of the voting were as follows:
VOTES FOR: 36,573,074 VOTES AGAINST: 4,187,496 ABSTENTIONS: 754,866
BROKER NON-VOTES: 0
Accordingly, the Adjournment Proposal was approved. However, because the Amendment Ratification proposal was approved, adjournment of the Special Meeting to solicit additional proxies was not necessary.
About FUELCELL ENERGY, INC. (NASDAQ:FCEL)
FuelCell Energy, Inc. is an integrated fuel cell company. The Company designs, manufactures, sells, installs, operates and services stationary fuel cell power plants for distributed power generation. The Company’s segment is fuel cell power plant production and research. The Company’s power plants provide on-site power and utility grid support. The Company’s plants operate in approximately 50 locations on approximately three continents and generate approximately four billion kilowatt hours (kWh) of electricity. The Company’s fuel cell products, Direct FuelCell (DFC) power plants offer power generation for customers, including approximately 2.8 megawatts DFC3000, approximately 1.4 megawatts DFC1500 and approximately 300 kilowatts DFC300 plus derivations of the DFC product for specific applications. The Company offers project development; engineering procurement and construction (EPC) services operations and maintenance, and project finance.
