FUELCELL ENERGY, INC. (NASDAQ:FCEL) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07.
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Submission of Matters to a Vote of Security Holders. |
There were six (6) matters submitted to a vote of securities at
the FuelCell Energy, Inc. Annual Shareholders Meeting, which was
held on April 6, 2017. Following are the six (6) proposals:
(1) To elect seven (7)directors to serve for the
ensuing year and until their successors are duly elected and
qualified.
The results of the voting were as follows:
| NAME OF DIRECTOR | VOTES FOR | VOTES WITHHELD | BROKER NON-VOTES | |||||
| Arthur A. Bottone | 12,923,316 | 1,363,132 | 15,902,711 | |||||
| James Herbert England | 12,474,904 | 1,811,544 | 15,902,711 | |||||
| Matthew F. Hilzinger | 12,875,275 | 1,411,173 | 15,902,711 | |||||
| John A. Rolls | 12,247,981 | 2,038,467 | 15,902,711 | |||||
| Christopher S. Sotos | 13,132,024 | 1,154,424 | 15,902,711 | |||||
| Natica Von Althann | 12,884,657 | 1,401,791 | 15,902,711 | |||||
| Togo Dennis West, Jr. | 12,443,037 | 1,843,411 | 15,902,711 | |||||
(2) To ratify the selection of KPMG LLP as the
independent registered public accounting firm for fiscal year
2017.
The results of the voting were as follows:
VOTES FOR: 28,975,903
VOTES AGAINST: 795,116
ABSTAINED: 418,140
BROKER NON-VOTES: 0
(3) To amend the FuelCell Energy, Inc. Articles of
Incorporation to increase the authorized common stock from
75,000,000 shares to 125,000,000.
The results of the voting were as follows:
VOTES FOR: 22,630,826
VOTES AGAINST: 7,177,251
ABSTAINED: 381,082
BROKER NON-VOTES: 0
(4) To amend the FuelCell Energy, Inc. Restated 2010
Equity Incentive Plan to increase the number of shares reserved
for issuance from 2,500,000 to 4,500,000.
The results of the voting were as follows:
VOTES FOR: 11,428,507
VOTES AGAINST: 2,634,995
ABSTAINED: 222,946
BROKER NON-VOTES: 15,902,711
(5) Advisory Vote on Executive
Compensation.
The results of the voting were as follows:
VOTES FOR: 10,453,967
VOTES AGAINST: 3,531,923
ABSTAINED: 300,558
BROKER NON-VOTES: 15,902,711
(6) Advisory Vote on the Frequency of the Shareholder
Advisory Vote on Executive Pay.
The results of the voting were as follows:
ONE YEAR: 11,747,515
TWO YEARS: 460,212
THREE YEARS: 1,195,793
ABSTAINED: 882,928
In light of these voting results, the Board of Directors of
FuelCell Energy, Inc. (the Company) has determined that the
Company will hold an advisory vote on executive compensation
every year until the next advisory vote on the frequency of
shareholder votes on executive compensation is required to
Section 14A of the Securities Exchange Act of 1934, as amended,
and the rules and regulations promulgated thereunder.
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. FUELCELL ENERGY, INC. (NASDAQ:FCEL) Recent Trading Information
FUELCELL ENERGY, INC. (NASDAQ:FCEL) closed its last trading session up +0.15 at 1.75 with 1,788,454 shares trading hands.
