Capstone Green Energy Files Proxy Statement

TL;DR

Capstone Green Energy (CPG) filed its proxy statement - shareholders vote soon on company matters.

AI Summary

Capstone Green Energy Holdings, Inc. filed a Definitive Proxy Statement (DEFA14A) on February 7, 2025. This filing is a standard proxy statement, indicating it's related to shareholder matters such as annual meetings or specific proposals requiring shareholder vote. The company, formerly known as Capstone Turbine Corp, is based in Van Nuys, CA, and operates in the Engines & Turbines industry.

Why It Matters

This filing is crucial for shareholders as it outlines important information regarding upcoming shareholder votes, such as director elections or corporate proposals, directly impacting the company's governance and future direction.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEFA14A) and does not inherently present new risks, but rather informs about governance and shareholder decisions.

Key Players & Entities

• Capstone Green Energy Holdings, Inc. (company) — Registrant
• Capstone Turbine Corp (company) — Former company name
• Van Nuys, CA (location) — Business address

FAQ

Filing Documents

• tmb-20250207xdefa14a.htm (DEFA14A) — 30KB
• tmb-20250207xdefa14a001.jpg (GRAPHIC) — 16KB
• 0001558370-25-000716.txt ( ) — 53KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 CAPSTONE GREEN ENERGY HOLDINGS, INC. (Name of Registrant as Specified In Its Charter) N/A (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. CAPSTONE GREEN ENERGY HOLDINGS, INC. 16640 Stagg Street Van Nuys, California 91406 PROXY STATEMENT SUPPLEMENT For Annual Meeting Of Stockholders To Be Held February 12, 2025 This proxy statement supplement, dated February 7, 2025 (this "Supplement"), supplements and amends the definitive proxy statement (the "Proxy Statement") of Capstone Green Energy Holdings, Inc. (the "Company"), dated December 27, 2024, furnished to stockholders of the Company in connection with the solicitation of proxies by the Board of Directors of the Company (the "Board") for the Company's 2024 annual meeting of stockholders and any adjournments or postponements thereof (the "Annual Meeting") to be held virtually on February 12, 2025 at 9:00 a.m., Pacific Time, via live webcast at www.virtualshareholdermeeting.com/CGRN2024. Only holders of record of the Company's voting common stock at the close of business on December 16, 2024 are entitled to notice of, and to vote at, the Annual Meeting. All capitalized terms used in this Supplement and not otherwise defined herein have the meaning ascribed to them in the Proxy Statement. THIS SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE PROXY STATEMENT. Supplemental Disclosure Concerning Proposal 4: Ratification of Appointment of Independent Registered Public Accounting Firm The purpose of this Supplement is to provide information concerning the merger of the Company's independent registered public accounting firm, Marcum LLP ("Marcum"), with CBIZ CPAs P.C. ("CBIZ"). On November 1, 2024, CBIZ, previously known as Mayer Hoffman McCann P.C., purchased the attest business assets of Marcum, and substantially all of the partners and staff that provided attestation services for Marcum joined CBIZ. In connection with such transaction, the Company expects that, subsequent to the filing of the Company's Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, CBIZ will be engaged as the Company's independent registered public accounting firm for the fiscal year ending March 31, 2025. The engagement of CBIZ will be subject to the approval of the Audit Committee of the Board and the completion of CBIZ's customary client acceptance procedures. Upon such engagement, the services previously provided by Marcum to the Company will be provided by CBIZ, and the Company anticipates that the CBIZ audit team that will service the Company will initially be substantially the same as the audit team from Marcum that previously serviced the Company. Marcum's report on the Company's consolidated balance sheets as of March 31, 2024 and 2023 and the related consolidated statements of operations, temporary equity and stockholders' deficiency and cash flows for each of the fiscal years then ended, and the related notes to such consolidated financial statements, did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles, except to indicate that there was substantial doubt about the Company's ability to continue as a going concern. During the fiscal years ended March 31, 2024 and March 31, 2023, and the subsequent interim period through February 7, 2025, there were no: (i) disagreements with Marcum on any matter of accounting principles or practices, financial statement disclosures or audit scope or procedures, which disagreements if not resolved to Marcum's satisfaction would have caused Marcum to make reference to the subject matter of the disagreement in connection with its report or (ii) reportable events as defined in Item 304(a)(1)(v) of Regulation S-K, except for the material weakness in the Company's internal control over financial reporting related to (i) an inappropriate tone at the top established by certain former senior executives, (ii) the Company's lack of sufficient qualified professionals with an appropriate level of accounting and internal control knowledge, training and experience to (a) appropriately analyze, record and disclose accounting matters timely and accurately and (b) design and maintai

View Full Filing

View this DEFA14A filing on SEC EDGAR