Fuelcell Energy Inc 8-K, filed Oct 11, 2023
Fuelcell Energy Inc (FCEL)
About this 8-K
Fuelcell Energy Inc filed this 8-K on October 11, 2023, reporting on events of October 10, 2023.
Items reported
- Item 5.07: Shareholder vote results
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.07.Submission of Matters to a Vote of Security Holders.
On October 10, 2023, FuelCell Energy, Inc. (the “Company”) held a special meeting of stockholders (the “Special Meeting”). As of the close of business on August 14, 2023, the record date for the Special Meeting, there were 450,144,264 shares of the Company’s common stock issued, outstanding, and entitled to vote. At the Special Meeting, a total of 241,756,726 shares of the Company’s common stock, representing approximately 53.7% in voting power of the shares of the Company’s common stock issued, outstanding, and entitled to vote at the Special Meeting, were present in person (by virtual presence online) or by proxy, constituting a quorum to conduct business.
At the Special Meeting, two proposals were submitted to a vote of the holders of shares of the Company’s common stock. The final voting results for the proposals were as follows:
| (1) | Approval of the amendment of the Company’s Certificate of Incorporation, as amended, to increase the number of authorized shares of common stock of the Company from 500,000,000 shares to 1,000,000,000 shares (the “Increase Authorized Shares Proposal”) |
VOTES FOR: 204,797,809
VOTES AGAINST: 35,300,394
ABSTENTIONS: 1,658,523
BROKER NON-VOTES: 0
Accordingly, the Increase Authorized Shares Proposal was approved by the Company’s stockholders.
See Item 8.01 of this Current Report on Form 8-K for information regarding the Certificate of Amendment filed by the Company to increase the number of authorized shares of common stock of the Company from 500,000,000 shares to 1,000,000,000 shares, a copy of which is filed with this Current Report on Form 8-K as Exhibit 3.1.
| (2) | Approval of one or more adjournments of the Special Meeting, if necessary, to solicit additional proxies if there were not sufficient votes in favor of the Increase Authorized Shares Proposal (the “Adjournment Proposal”) |
VOTES FOR: 198,884,806
VOTES AGAINST: 40,420,734
ABSTENTIONS: 2,451,186
BROKER NON-VOTES: 0
Accordingly, the Adjournment Proposal was approved by the Company’s stockholders. However, because the Increase Authorized Shares Proposal was approved, adjournment of the Special Meeting to solicit additional proxies was not necessary.
Item 8.01. | Other Events. |
As described in further detail in Item 5.07 of this Current Report on Form 8-K, at the Special Meeting, the Company’s stockholders approved the amendment of the Company’s Certificate of Incorporation, as amended, to increase the number of authorized shares of common stock of the Company from 500,000,000 shares to 1,000,000,000 shares, which, when combined with the existing authorized preferred stock, results in total authorized shares of 1,000,250,000 (the “Increase in Authorized Shares”). Accordingly, on October 11, 2023, the Company filed a Certificate of Amendment of the Certificate of Incorporation of the Company with the Secretary of State of the State of Delaware (the “Certificate of Amendment”) to effect the Increase in Authorized Shares. The Certificate of Amendment and the Increase in Authorized Shares became effective on October 11, 2023, upon the filing of the Certificate of Amendment with the Secretary of State of the State of Delaware.
A copy of the Certificate of Amendment is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FUELCELL ENERGY, INC. | |
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Date: October 11, 2023 | By: | /s/ Michael S. Bishop |
| | Michael S. Bishop |
| | Executive Vice President, Chief Financial Officer and Treasurer |
Exhibit 3.1
CERTIFICATE OF AMENDMENT
OF
CERTIFICATE OF INCORPoRATION
OF
FUELCELL ENERGY, INC.
It is hereby certified that:
“FOURTH: The total number of shares of stock which the Corporation shall have the authority to issue is 1,000,250,000, separated into classes as follows: 1,000,000,000 shares of Common Stock, $.0001 par value (the “Common Stock”); and 250,000 shares of Preferred Stock, $.01 par value (the “Preferred Stock”).”
IN WITNESS WHEREOF, the Corporation has caused this Certificate of Amendment to be signed by the undersigned officer this 11th day of October, 2023.
By: | /s/ Michael S. Bishop |
Name: Michael S. Bishop Title: Executive Vice President and Chief Financial Officer | |