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. )

 

þ  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
þ Definitive Additional Materials
¨ Soliciting Material under § 240.14a-12

 

 

 

 

FuelCell Energy, 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 the appropriate box):
þ No fee required.
¨ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
  (1) Title of each class of securities to which transaction applies:
  (2) Aggregate number of securities to which transaction applies:
  (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
  (4) Proposed maximum aggregate value of transaction:
  (5) Total fee paid:
¨ Fee paid previously with preliminary materials.
¨ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
  (1) Amount Previously Paid:
  (2) Form, Schedule or Registration Statement No.:
  (3) Filing Party:
  (4) Date Filed:

 

 

 

 

 

 

 

 

IMPORTANT REMINDER TO VOTE YOUR PROXY

 

March 19, 2020

 

Dear Stockholder:

 

The annual meeting of stockholders of FuelCell Energy, Inc. is scheduled to be held on Thursday, April 9, 2020 at 10:00 a.m. Eastern Daylight Time. The Board and Management Team value you as a stockholder and we encourage you to exercise your voting privileges right now by telephone, by internet, or by completing and mailing the enclosed proxy card.

 

The FuelCell Energy Board of Directors recommends that stockholders vote “FOR” each of the nominees for director named in the proxy statement and on your proxy card and “FOR” each of the other proposals being submitted to a vote at the annual meeting.

 

Regardless of the number of shares you own, your vote is very important and informs the Board and Management Team about your thoughts as a stockholder. We encourage all stockholders to have their voices heard, we want to hear your voices. Please vote your shares today!

 

To provide an update on our operating results and strategy, on March 16, 2020, we filed our Quarterly Report on Form 10-Q for our first quarter of fiscal 2020, released our first quarter of fiscal 2020 financial results press release, and hosted a conference call to discuss these results and overall areas of focus, strategy and expectations.

 

Financial highlights for the first quarter of fiscal 2020 included:

 

· Revenues of $16.3 million in the first quarter of fiscal 2020, compared with $ 17.8 million on the first quarter of fiscal 2019

· Gross Margin of 20.2% in the first quarter of fiscal 2020, compared to (12.4%) in the first quarter of fiscal 2019

· Operating expense decreased $6.6 million, or 51%, compared to the first quarter of fiscal 2019

· Loss from operations improved to $(3.1) million in the first quarter of fiscal 2020, compared to $(15.2) million in the first quarter of fiscal 2019

· Backlog of $1.36 billion as of January 31, 2020, a $117.9 million (or 9%) improvement from January 31, 2019

 

If you have any questions, or need assistance in voting your shares, please contact our proxy solicitor MacKenzie Partners, Inc., toll-free at (800) 322-2885 or (212) 929-5500 or at proxy@mackenziepartners.com

 

Thank you for your attention to this important matter.

 

  Sincerely,
   
  FuelCell Energy, Inc.

 

 

 

 

 

 

 

 

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