Plug Power Inc. Proxy Statement Filed

TL;DR

PLUG proxy filing is in, they need your vote.

AI Summary

Plug Power Inc. filed a DEFA14A on November 26, 2025, related to soliciting materials under Rule 14a-12. The filing indicates no fee was required for this submission. The company is seeking shareholder votes, as is typical for a proxy statement.

Why It Matters

This filing is a proxy statement, indicating Plug Power Inc. is seeking shareholder input or votes on important company matters, which could impact future corporate decisions and shareholder value.

Risk Assessment

Risk Level: medium — Proxy statements often involve significant corporate actions or shareholder votes that can carry inherent risks and impact the company's future direction.

Key Players & Entities

• PLUG POWER INC (company) — Registrant
• 20251126 (date) — Filing Date
• 14a-12 (rule) — Soliciting Material Rule
• 001-34392 (file_number) — SEC File Number

FAQ

Filing Documents

• tm2532270d1_defa14a.htm (DEFA14A) — 24KB
• tm2532270d1_def14aimg001.jpg (GRAPHIC) — 244KB
• tm2532270d1_def14aimg002.jpg (GRAPHIC) — 49KB
• 0001104659-25-116302.txt ( ) — 429KB

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 Filed by the Registrant x 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 x Soliciting Material Pursuant to § 240.14a-12 PLUG POWER INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): x 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. Filed by Plug Power Inc. Pursuant to Rule 14a-12 of the Securities Exchange Act of 1934 Commission File No.: 001-34392 The following is the text of a message posted by Plug Power Inc. on its website on November 26, 2025: Your Vote Matters: Make Sure Your Plug Shares Count on January 15, 2026 A significant portion of Plug’s shares on loan to short sellers comes from retail investors. When your shares are on loan, you are not the beneficial owner for voting purposes, which means you may lose the ability to vote on critical Company matters disclosed in the recently filed preliminary proxy statement. That matters more than ever, especially to retail investors. Plug has announced a Special Meeting of Stockholders on January 15, 2026 , where shareholders will vote on key proposals that support the Company’s strategic flexibility and long-term value. Plug’s Board of Directors recommends a vote FOR both proposals At the Special Meeting, Plug will ask stockholders to approve: · An amendment of Plug’s charter to increase authorized common stock from 1.5 billion to 3.0 billion shares. · An amendment of Plug’s charter to align the Company’s charter voting standards with recent amendments to Delaware law. With less than 0.4% of authorized shares remaining, an increase in common stock provides crucial flexibility for capital requirements, contractual obligations, equity programs, and potential strategic transactions or acquisitions. The level of the Company’s share request was determined, in part, by discussions withacorporate governance advisor and proxy research firm, ISS, to ensure its interests are aligned with all shareholders. What Happens If the Proposal Doesn’t Pass? This vote is especially important for retail shareholders. Plug is required to obtain additional shares to meet contractual requirements with bond and warrant holders, which will require a reverse stock split. Approving the share increase gives Plug the flexibility to pursue growth and financing options without immediately triggering a reverse split. Voting FOR the proposals allows Plug to move forward from a stronger position, while a failed vote would make a reverse stock split the primary path forward. Your participation sends a clear message to the market: retail investors are engaged, informed, and committed to Plug’s long-term success. By ensuring your shares are vote-ready and casting your proxy, you help support Plug’s ability to avoid a reverse stock split while maintaining strategic and operational flexibility. Every vote matters, and your voice adds real weight. What You Can Do Today: The record date is December 4, 2025. Only shareholders who beneficially own shares on that date can vote. If your shares are loaned, pledged, or held on margin, you may not be able to vote unless they are returned to your account in advance of the record date. Processing times vary by broker, and Plug cannot guarantee the settlement date of recalled shares. Many investors are unaware that their broker has lent out their shares, especially given the significant short interest in Plug. 1. Check and Disable Share Lending In your brokerage account: · On Robinhood: Account → Settings → Investing → Stock Lending → OFF · On other platforms, look for “securities lending” or “margin lending” and disable Once lending is turned off, future shares in your account won’t be borrowed — preserving your voting rights. For specifics, please contact your broker directly. 2. Recall Your Shares Before December 4 If your shares are already on loan, contact your broker immediately and request that your shares be returned before the record date. Suggested language: “Please recall all loaned shares in my account prior to December 4, 2025 so I may vote at the Plug Power Special Meeting.” Your broker can provide details on timing and processing. Ensure Your Investment has a Voic

View Full Filing

View this DEFA14A filing on SEC EDGAR