AGM/EGMApr 30, 2026, 04:14 PM
PLUG 2026 Annual Meeting Set; Stock Plan Shares +25M
AI Summary
Plug Power Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 11, 2026. Key proposals include the election of four Class III Directors, an amendment to increase shares under the 2021 Stock Option and Incentive Plan by 25,000,000, and an advisory vote on executive compensation. CEO Jose Luis Crespo, appointed in March 2026, highlighted 2025 revenue of $710M (13% growth) and the company's focus on improving execution and financial performance, targeting positive EBITDAS in Q4 2026.
Key Highlights
- PLUG's 2026 Annual Meeting of Stockholders will be held virtually on June 11, 2026.
- Stockholders will vote on the election of four Class III Directors.
- Proposal to increase shares reserved under the 2021 Stock Option and Incentive Plan by 25,000,000 to 116,400,000.
- Non-binding advisory vote on executive compensation is on the agenda.
- Ratification of Deloitte & Touche LLP as independent auditor for 2026.
- Jose Luis Crespo was appointed CEO and President in March 2026.
- Company reported 2025 revenue of $710M, representing 13% year-over-year growth.
- PLUG is targeting positive EBITDAS in the fourth quarter of 2026.