Plug Power Appoints New CFO, Paul Verhoeven

TL;DR

Plug Power names Paul Verhoeven as new CFO, replacing Anya McILveen.

AI Summary

Plug Power Inc. announced on July 29, 2024, the appointment of Paul H. Verhoeven as its new Chief Financial Officer, effective immediately. Verhoeven previously served as the interim CFO and brings extensive financial leadership experience to the role. The company also reported on the departure of its previous CFO, Anya A. McILveen, and adjustments to executive compensation arrangements.

Why It Matters

The appointment of a permanent CFO is crucial for financial stability and investor confidence, especially for a company in a growth phase like Plug Power.

Risk Assessment

Risk Level: medium — Changes in key executive positions, particularly the CFO, can signal internal challenges or strategic shifts that may impact the company's financial performance and outlook.

Key Players & Entities

• Plug Power Inc. (company) — Registrant
• Paul H. Verhoeven (person) — Appointed Chief Financial Officer
• Anya A. McILveen (person) — Departing Chief Financial Officer
• July 29, 2024 (date) — Effective date of appointment

FAQ

From the Filing

0001104659-24-085395.txt : 20240802 0001104659-24-085395.hdr.sgml : 20240802 20240802163143 ACCESSION NUMBER: 0001104659-24-085395 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240729 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240802 DATE AS OF CHANGE: 20240802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PLUG POWER INC CENTRAL INDEX KEY: 0001093691 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 223672377 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34392 FILM NUMBER: 241171523 BUSINESS ADDRESS: STREET 1: 125 VISTA BOULEVARD CITY: SLINGERLANDS STATE: NY ZIP: 12159 BUSINESS PHONE: 5187827700 MAIL ADDRESS: STREET 1: 125 VISTA BOULEVARD CITY: SLINGERLANDS STATE: NY ZIP: 12159 8-K 1 tm2420713d1_8k.htm FORM 8-K false 0001093691 0001093691 2024-07-29 2024-07-29 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549    FORM  8-K   CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): July 29, 2024   Plug Power Inc. (Exact name of registrant as specified in its charter)    Delaware   1-34392   22-3672377 (State or other jurisdiction   (Commission File   (IRS Employer of incorporation)   Number)   Identification No.)           125 Vista Boulevard , Slingerlands , New York   12159 (Address of principal executive offices)   (Zip Code)   ( 518 ) 782-7700 Registrant’s telephone number, including area code:   N/A (Former name or former address, if changed since last report.)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):    ¨    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)    ¨   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)    ¨   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))    ¨    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))    Securities registered pursuant to 12(b) of the Act:   Title of each class   Trading  Symbol(s)   Name of each exchange  on which registered Common Stock, par value $0.01 per share   PLUG   The Nasdaq Capital Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).    Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨             Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.   Appointment of Chief Operating Officer   On July 29, 2024, Dean