FuelCell Energy (FCEL) EGM 2024 summary

Opening remarks and agenda

• Meeting called to order by the Chair, with board members and executive officers present, including the CEO and CFO.

• The meeting was held virtually to maximize shareholder participation, with procedures and rules of conduct outlined.

• Voting procedures and registration requirements for shareholders were explained.

Specific resolutions to be voted on

• Proposal One: Amendment to the Certificate of Incorporation to effect a reverse stock split at a ratio between 1-for-10 and 1-for-30, to be determined by the board before May 23, 2025.

• Proposal Two: Approval for one or more adjournments of the meeting if more time is needed to solicit proxies for Proposal One.

Corporate governance

• Notice of the meeting and proxy materials were distributed to shareholders of record as of September 10, 2024.

• Quorum was established with over 258 million shares represented, allowing the meeting to proceed.