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FuelCell Energy Adjourns and Will Reconvene its Annual Meeting of Stockholders on May 22, 2023 to Allow Stockholders Additional Time to Vote
DANBURY, Conn., May 10, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) has announced that its Annual Meeting of Stockholders has been adjourned
About this update from Fuelcell Energy, Inc.
[{"type":"text","content":"DANBURY, Conn., May 10, 2023 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) has announced that its Annual Meeting of Stockholders has been adjourned until May 22, 2023 at 1:00 p.m. EDT in order to solicit additional proxies and allow stockholders additional time to vote on the proposals set forth in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on February 17, 2023 (the “2023 Proxy Statement”). At that time, the Annual Meeting will be reconvened to vote on the proposals described in the 2023 Proxy Statement. A Media Snippet accompanying this announcement is available by clicking on the image or link below: As of May 8, 2023, the Company has received proxies representing a sufficient number of votes to elect each of the director nominees named in the 2023 Proxy Statement and to approve Proposals 2, 3, and 4 (as described in the 2023 Proxy Statement)*, but the Company has not received proxies representing a sufficient number of votes to approve Proposal 5 (the proposal to amend the Company’s Certificate of Incorporation to increase the number of authorized shares of common stock of the Company as described in additional detail in the 2023 Proxy Statement). Approval of Proposal 5 requires the affirmative vote of the holders of a majority of the shares of our common stock outstanding as of the record date for the Annual Meeting. This means that Proposal 5 requires a greater number of votes for approval than the other proposals described in the 2023 Proxy Statement. As of May 8, 2023, of the 405,732,053 shares of our common stock outstanding as of the record date for the Annual Meeting, 227,692,874 have voted on Proposal 5. Of these votes, more than 80% were votes FOR Proposal 5*. FuelCell Energy is urging all stockholders to vote immediately for Proposal 5, which would allow FuelCell Energy to increase the number of authorized shares of common stock, providing the Company with needed flexibility to issue shares in the future to take advantage of market conditions or favorable opportunities. As FuelCell Energy has a diverse stockholder base with many investors, every vote received is meaningful. \"We appreciate the strong support of our stockholders who have voted to date and we urge all stockholders – regardless of the number of shares you own – to vote today and help support Fu...