Plug Power Stockholders Approve Share Increase to 3B, Reject Charter Vote-Rule Change at Special Meeting

Core Viewpoint - Plug Power's stockholders approved an increase in authorized shares from 1.5 billion to 3.0 billion, while rejecting a proposal to amend voting requirements for future charter amendments [11][13]. Proposal Summaries - Proposal 1 aimed to amend the company's charter to align voting requirements for certain future amendments with Delaware law, but it was rejected by stockholders [6][13]. - Proposal 2 sought to increase the number of authorized shares of common stock from 1.5 billion to 3.0 billion, which was approved by stockholders [11][13]. Meeting Details - The special meeting of stockholders was held virtually on February 12, 2026, after being adjourned multiple times [5]. - A quorum was established with 463,878,415 shares represented, allowing the meeting to proceed [2]. Voting Process - Stockholders were able to vote online and submit questions during the meeting, with no formal questions submitted regarding the business [4][7]. - CEO Andy Marsh acknowledged the role of retail investors in the approval of Proposal 2 and emphasized the need for easier broker voting in the future [6][10]. Future Plans - The company plans to revisit the rejected Proposal 1 at the annual meeting and work with Nasdaq to facilitate its passage [6][13]. - An updated earnings call is scheduled for March, hosted by the company's president and chief revenue officer [15]. Company Overview - Plug Power specializes in hydrogen fuel cell systems, providing clean energy solutions for electric vehicles and material handling equipment [16]. - The company also develops backup power and off-grid energy solutions targeting telecommunications and utility applications [17].