{"id":29239,"date":"2026-02-17T08:46:15","date_gmt":"2026-02-17T08:46:15","guid":{"rendered":"https:\/\/diyhaven858.wasmer.app\/index.php\/plug-power-stockholders-approve-share-increase-to-3b-reject-charter-vote-rule-change-at-special-meeting\/"},"modified":"2026-02-17T08:46:15","modified_gmt":"2026-02-17T08:46:15","slug":"plug-power-stockholders-approve-share-increase-to-3b-reject-charter-vote-rule-change-at-special-meeting","status":"publish","type":"post","link":"https:\/\/diyhaven858.wasmer.app\/index.php\/plug-power-stockholders-approve-share-increase-to-3b-reject-charter-vote-rule-change-at-special-meeting\/","title":{"rendered":"Plug Power Stockholders Approve Share Increase to 3B, Reject Charter Vote-Rule Change at Special Meeting"},"content":{"rendered":"
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<\/div>\n<\/div>Plug Power logo <\/figcaption><\/figure>\n
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Stockholders approved increasing the company’s authorized common shares from 1.5 billion to 3.0 billion<\/strong> at the Feb. 12, 2026 special meeting.<\/p>\n<\/li>\n
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Stockholders voted against the charter amendment to align certain future voting requirements with Delaware law (Proposal 1); management said it will revisit the matter at the annual meeting and work with Nasdaq to facilitate passage.<\/p>\n<\/li>\n
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CEO Andy Marsh credited retail investors<\/strong> (and recalled institutional votes) for helping the share increase pass, saying the result avoids a reverse stock split and that the company will push to make broker voting easier.<\/p>\n<\/li>\n
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Plug Power (NASDAQ:PLUG) held its 2026 special meeting of stockholders virtually on February 12, 2026, after the meeting was originally convened on January 29 and subsequently adjourned to February 5 and then to February 12. CEO Andy Marsh, who also serves as executive chair of the board, chaired the meeting.<\/p>\n
Marsh said stockholders were able to vote and submit questions through the online meeting portal. He introduced directors in attendance, including lead director George McNamee, as well as members of the executive team, including Jose Crespo, the company\u2019s president and chief revenue officer and \u201cfuture CEO,\u201d CFO and chief accounting officer Paul Middleton, and chief legal officer and corporate secretary Gerard Conway.<\/p>\n
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Marsh said meeting notice and proxy materials were sent to stockholders of record as of December 12, 2025. Only holders of shares of common stock as of that record date were eligible to vote. The company appointed Christopher Woods as independent inspector of elections.<\/p>\n
According to Marsh, there were 1,391,635,243 shares of common stock outstanding and entitled to vote as of the record date. A quorum required 463,878,415 shares represented in person or by proxy, and Marsh stated that more than that amount was present, allowing the meeting to proceed.<\/p>\n
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The meeting\u2019s agenda included two proposals, each requiring approval by the affirmative vote of holders of a majority of the voting power of the shares of common stock outstanding and entitled to vote.<\/p>\n
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Proposal 1:<\/strong> Amend the company\u2019s charter to adjust voting requirements for certain future charter amendments to align with Section 242(d)(2) of the Delaware General Corporation Law.<\/p>\n<\/li>\n
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Proposal 2:<\/strong> Amend the company\u2019s charter to increase the number of authorized shares of common stock from 1.5 billion to 3.0 billion.<\/p>\n<\/li>\n<\/ul><\/div>\n