Plug Power Inc. announced the results of its 2026 Annual Meeting of Stockholders held on June 11, 2026. Shareholders approved all proposals, including a significant amendment to the company's stock incentive plan, the election of four directors, and the ratification of its independent auditor.

Key Details

  • Stock Plan Expansion: Shareholders approved an amendment to the 2021 Stock Option and Incentive Plan, increasing the number of shares reserved by 25,000,000, from 91,400,000 to 116,400,000 shares.
  • Director Elections: Colin Angle, Jose Luis Crespo, Patrick Joggerst, and Gary K. Willis were elected as Class III Directors, with terms expiring at the 2029 annual meeting.
  • Board Rebalancing: Following a previously announced resignation, the Board reclassified director Colin Angle from Class III to Class I to rebalance the board into three equal classes of three directors each.
  • Other Approvals: Shareholders also approved a non-binding advisory resolution on executive compensation and ratified the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026.