Plug Power (PLUG) Proxy Filing summary

Executive summary

• Progress toward approval of Proposal 2, which seeks to increase the number of authorized shares available for issuance, is nearly complete, with only about 1% of outstanding shares needed to pass.

• Failure to pass Proposal 2 would require a reverse stock split to meet contractual obligations, an outcome the board wishes to avoid.

• Shareholders are urged to vote promptly, with detailed instructions provided for major brokerage platforms.

Voting matters and shareholder proposals

• Proposal 2 involves increasing the number of authorized shares available for issuance.

• The vote is extremely close, with the outcome hinging on a small percentage of outstanding shares.

• If Proposal 2 fails, a reverse stock split will be necessary to fulfill contractual requirements.

• Shareholders are encouraged to reconsider their votes if they previously abstained or voted no.

Board of directors and corporate governance

• Directors and executive officers are actively participating in the proxy solicitation process.

• Information about directors, executive officers, and their stock ownership is available in the definitive proxy statements filed with the SEC.