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FUELCELL ENERGY INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and FUELCELL ENERGY INC.’s Form 8-K, filed 2025-04-21 (Item 5.07 on EDGAR). Page generated 02 October 2026.

18Reported items
168Asset managers
1,455Fund votes
2025-04-17Main meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore FUELCELL ENERGY INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by FUELCELL ENERGY INC.

These tallies are FUELCELL ENERGY INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2025-04-21 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

FUELCELL ENERGY INC. — official shareholder meeting results, meeting held 2025-04-17
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: James H. England	2,330,833	1,738,661	39,271	--	4,886,930	Majority: yes
Elect Director: Jason Few	3,509,596	563,896	35,273	--	4,886,930	Majority: yes
Elect Director: Matthew F. Hilzinger	3,495,981	570,565	42,219	--	4,886,930	Majority: yes
Elect Director: Natica von Althann	3,497,898	570,208	40,659	--	4,886,930	Majority: yes
Elect Director: Cynthia Hansen	3,598,222	469,534	41,009	--	4,886,930	Majority: yes
Elect Director: Donna Sims Wilson	2,393,325	1,673,152	42,288	--	4,886,930	Majority: yes
Elect Director: Betsy Bingham	3,493,008	572,775	42,982	--	4,886,930	Majority: yes
Elect Director: Tyrone Michael Jordan	3,517,588	547,078	44,099	--	4,886,930	Majority: yes

Source: FUELCELL ENERGY INC., Form 8-K, filed with the SEC on 2025-04-21 — read the filing on EDGAR.

How asset managers voted at the FUELCELL ENERGY INC. 2024-2025 meetings

Each item below shows how the 168 asset managers that disclosed a FUELCELL ENERGY INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of FUELCELL ENERGY INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. To approve, on a non-binding advisory basis, the compensation of FuelCell Energy, Inc.'s named executive officers as set forth in the "Executive Compensation" section of the Proxy Statement.

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-17.

Combines 8 wordings of this item as funds reported it.

39% fund support · no official result

FOR 39%AGAINST 61%

The 141 asset managers below cast 39% of the shares they voted on this item FOR (747,773 for, 1,149,587 against).

FOR: 747,773 (39.4%)AGAINST: 1,149,587 (60.6%)NOT VOTED: 0 (0.0%)

Largest asset managers voting on “To approve, on a non-binding advisory basis, the compensation of FuelCell Energy, Inc.'s named executive offic” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Against	Vote
Legal & General Investment Management Ltd	0	1,094,214	Against
State Street	186,146	0	For
Northern Trust	93,767	0	For
BlackRock	69,217	0	For
Federated Hermes	63,379	0	For
Charles Schwab	38,249	0	For
Two Sigma	33,179	0	For
AllianceBernstein	0	30,815	Against
Global X	28,127	0	For
MELLON INVESTMENTS Corp	26,514	0	For
Vanguard	23,013	0	For
RBC Dominion Securities Inc.	21,136	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	19,158	0	For
Invesco	15,135	0	For
Lincoln Financial	11,800	941	For
Dimensional	0	12,188	Against
Pacific Life	8,996	0	For
Bridge Builder Trust	8,930	0	For
T. Rowe Price	8,494	0	For
John Hancock	8,272	0	For
Smith Salley Wealth Management	6,817	0	For
SEI	6,663	0	For
Rhumbline	6,353	0	For
Equitable	2,783	3,434	Against
GEODE CAPITAL MANAGEMENT, LLC	6,189	0	For

Showing the 25 largest of 141 asset managers. See all 141 in the interactive database.

2. To approve the amendment and restatement of the FuelCell Energy, Inc. Fourth Amended and Restated 2018 Omnibus Incentive Plan

COMPENSATION

Meeting held 2025-04-17.

Combines 2 wordings of this item as funds reported it.

99.7% fund support · no official result

FOR 99.7%

The 37 asset managers below cast 99.7% of the shares they voted on this item FOR (178,292 for, 365 against).

FOR: 178,292 (99.8%)AGAINST: 365 (0.2%)

Largest asset managers voting on “To approve the amendment and restatement of the FuelCell Energy, Inc. Fourth Amended and Restated 2018 Omnibus” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Against	Vote
Global X	28,127	0	For
Federated Hermes	20,123	0	For
Charles Schwab	19,123	0	For
Vanguard	14,031	0	For
AllianceBernstein	13,188	0	For
Lincoln Financial	12,741	0	For
BlackRock	9,904	0	For
Pacific Life	8,996	0	For
Bridge Builder Trust	8,930	0	For
Northern Trust	7,943	0	For
Equitable	6,217	0	For
Invesco	4,917	0	For
Fidelity	4,766	0	For
John Hancock	4,127	0	For
ETF Series Solutions	3,588	0	For
SEI	2,856	0	For
AIG/SunAmerica	2,116	0	For
Calvert	1,569	0	For
Nationwide	1,275	0	For
ProShares	1,170	0	For
State Street	803	0	For
PENN SERIES FUNDS INC	486	0	For
TIAA	455	0	For
American Century	0	348	Against
Allianz	326	0	For

Showing the 25 largest of 37 asset managers. See all 37 in the interactive database.

3. To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are duly elected and qualified: Betsy Bingham

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-17.

Combines 2 wordings of this item as funds reported it.

86% Majority: yes · of votes cast

FOR 86%AGAINST 14%

FOR: 3,493,008AGAINST: 572,775

FUELCELL ENERGY INC.’s own tally for this item (“Elect Director: Betsy Bingham”): 3,493,008 for, 572,775 against, per its Form 8-K filed 2025-04-21 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 21,143,772 outstanding shares: 17% for, 3% against (19% of the company cast a for/against vote).

The 36 asset managers below cast 99.9% of the shares they voted on this item FOR (178,564 for, 17 against).

FOR 99.9%

FOR: 178,564 (100.0%)AGAINST: 17 (0.0%)

Largest asset managers voting on “To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Vote
Global X	28,127	For
Federated Hermes	20,123	For
Charles Schwab	19,123	For
Vanguard	14,031	For
AllianceBernstein	13,188	For
Lincoln Financial	12,741	For
BlackRock	9,904	For
Pacific Life	8,996	For
Bridge Builder Trust	8,930	For
Northern Trust	7,943	For
Equitable	6,217	For
Invesco	4,917	For
Fidelity	4,766	For
John Hancock	4,127	For
ETF Series Solutions	3,588	For
SEI	2,856	For
AIG/SunAmerica	2,116	For
Calvert	1,569	For
Nationwide	1,275	For
ProShares	1,170	For
State Street	803	For
PENN SERIES FUNDS INC	486	For
TIAA	455	For
American Century	348	For
Allianz	326	For

Showing the 25 largest of 36 asset managers. See all 36 in the interactive database.

4. To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are duly elected and qualified: Cynthia Hansen

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-17.

Combines 2 wordings of this item as funds reported it.

88% Majority: yes · of votes cast

FOR 88%12%

FOR: 3,598,222AGAINST: 469,534

FUELCELL ENERGY INC.’s own tally for this item (“Elect Director: Cynthia Hansen”): 3,598,222 for, 469,534 against, per its Form 8-K filed 2025-04-21 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 21,143,772 outstanding shares: 17% for, 2% against (19% of the company cast a for/against vote).

The 36 asset managers below cast 100% of the shares they voted on this item FOR (178,581 for, 0 against).

FOR 100%

FOR: 178,581 (100.0%)

Largest asset managers voting on “To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Vote
Global X	28,127	For
Federated Hermes	20,123	For
Charles Schwab	19,123	For
Vanguard	14,031	For
AllianceBernstein	13,188	For
Lincoln Financial	12,741	For
BlackRock	9,904	For
Pacific Life	8,996	For
Bridge Builder Trust	8,930	For
Northern Trust	7,943	For
Equitable	6,217	For
Invesco	4,917	For
Fidelity	4,766	For
John Hancock	4,127	For
ETF Series Solutions	3,588	For
SEI	2,856	For
AIG/SunAmerica	2,116	For
Calvert	1,569	For
Nationwide	1,275	For
ProShares	1,170	For
State Street	803	For
PENN SERIES FUNDS INC	486	For
TIAA	455	For
American Century	348	For
Allianz	326	For

Showing the 25 largest of 36 asset managers. See all 36 in the interactive database.

5. To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are duly elected and qualified: Donna Sims Wilson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-17.

Combines 2 wordings of this item as funds reported it.

59% Majority: yes · of votes cast

FOR 59%AGAINST 41%

FOR: 2,393,325AGAINST: 1,673,152

FUELCELL ENERGY INC.’s own tally for this item (“Elect Director: Donna Sims Wilson”): 2,393,325 for, 1,673,152 against, per its Form 8-K filed 2025-04-21 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 21,143,772 outstanding shares: 11% for, 8% against (19% of the company cast a for/against vote).

The 36 asset managers below cast 99.9% of the shares they voted on this item FOR (178,564 for, 17 against).

FOR 99.9%

FOR: 178,564 (100.0%)AGAINST: 17 (0.0%)

Largest asset managers voting on “To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Vote
Global X	28,127	For
Federated Hermes	20,123	For
Charles Schwab	19,123	For
Vanguard	14,031	For
AllianceBernstein	13,188	For
Lincoln Financial	12,741	For
BlackRock	9,904	For
Pacific Life	8,996	For
Bridge Builder Trust	8,930	For
Northern Trust	7,943	For
Equitable	6,217	For
Invesco	4,917	For
Fidelity	4,766	For
John Hancock	4,127	For
ETF Series Solutions	3,588	For
SEI	2,856	For
AIG/SunAmerica	2,116	For
Calvert	1,569	For
Nationwide	1,275	For
ProShares	1,170	For
State Street	803	For
PENN SERIES FUNDS INC	486	For
TIAA	455	For
American Century	348	For
Allianz	326	For

Showing the 25 largest of 36 asset managers. See all 36 in the interactive database.

6. To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are duly elected and qualified: James H. England

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-17.

Combines 2 wordings of this item as funds reported it.

57% Majority: yes · of votes cast

FOR 57%AGAINST 43%

FOR: 2,330,833AGAINST: 1,738,661

FUELCELL ENERGY INC.’s own tally for this item (“Elect Director: James H. England”): 2,330,833 for, 1,738,661 against, per its Form 8-K filed 2025-04-21 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 21,143,772 outstanding shares: 11% for, 8% against (19% of the company cast a for/against vote).

The 36 asset managers below cast 99.9% of the shares they voted on this item FOR (178,564 for, 17 against).

FOR 99.9%

FOR: 178,564 (100.0%)AGAINST: 17 (0.0%)

Largest asset managers voting on “To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Vote
Global X	28,127	For
Federated Hermes	20,123	For
Charles Schwab	19,123	For
Vanguard	14,031	For
AllianceBernstein	13,188	For
Lincoln Financial	12,741	For
BlackRock	9,904	For
Pacific Life	8,996	For
Bridge Builder Trust	8,930	For
Northern Trust	7,943	For
Equitable	6,217	For
Invesco	4,917	For
Fidelity	4,766	For
John Hancock	4,127	For
ETF Series Solutions	3,588	For
SEI	2,856	For
AIG/SunAmerica	2,116	For
Calvert	1,569	For
Nationwide	1,275	For
ProShares	1,170	For
State Street	803	For
PENN SERIES FUNDS INC	486	For
TIAA	455	For
American Century	348	For
Allianz	326	For

Showing the 25 largest of 36 asset managers. See all 36 in the interactive database.

7. To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are duly elected and qualified: Jason Few

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-17.

Combines 2 wordings of this item as funds reported it.

86% Majority: yes · of votes cast

FOR 86%14%

FOR: 3,509,596AGAINST: 563,896

FUELCELL ENERGY INC.’s own tally for this item (“Elect Director: Jason Few”): 3,509,596 for, 563,896 against, per its Form 8-K filed 2025-04-21 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 21,143,772 outstanding shares: 17% for, 3% against (19% of the company cast a for/against vote).

The 36 asset managers below cast 100% of the shares they voted on this item FOR (178,581 for, 0 against).

FOR 100%

FOR: 178,581 (100.0%)

Largest asset managers voting on “To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Vote
Global X	28,127	For
Federated Hermes	20,123	For
Charles Schwab	19,123	For
Vanguard	14,031	For
AllianceBernstein	13,188	For
Lincoln Financial	12,741	For
BlackRock	9,904	For
Pacific Life	8,996	For
Bridge Builder Trust	8,930	For
Northern Trust	7,943	For
Equitable	6,217	For
Invesco	4,917	For
Fidelity	4,766	For
John Hancock	4,127	For
ETF Series Solutions	3,588	For
SEI	2,856	For
AIG/SunAmerica	2,116	For
Calvert	1,569	For
Nationwide	1,275	For
ProShares	1,170	For
State Street	803	For
PENN SERIES FUNDS INC	486	For
TIAA	455	For
American Century	348	For
Allianz	326	For

Showing the 25 largest of 36 asset managers. See all 36 in the interactive database.

8. To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are duly elected and qualified: Matthew F. Hilzinger

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-17.

Combines 2 wordings of this item as funds reported it.

86% Majority: yes · of votes cast

FOR 86%AGAINST 14%

FOR: 3,495,981AGAINST: 570,565

FUELCELL ENERGY INC.’s own tally for this item (“Elect Director: Matthew F. Hilzinger”): 3,495,981 for, 570,565 against, per its Form 8-K filed 2025-04-21 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 21,143,772 outstanding shares: 17% for, 3% against (19% of the company cast a for/against vote).

The 36 asset managers below cast 99.9% of the shares they voted on this item FOR (178,564 for, 17 against).

FOR 99.9%

FOR: 178,564 (100.0%)AGAINST: 17 (0.0%)

Largest asset managers voting on “To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Vote
Global X	28,127	For
Federated Hermes	20,123	For
Charles Schwab	19,123	For
Vanguard	14,031	For
AllianceBernstein	13,188	For
Lincoln Financial	12,741	For
BlackRock	9,904	For
Pacific Life	8,996	For
Bridge Builder Trust	8,930	For
Northern Trust	7,943	For
Equitable	6,217	For
Invesco	4,917	For
Fidelity	4,766	For
John Hancock	4,127	For
ETF Series Solutions	3,588	For
SEI	2,856	For
AIG/SunAmerica	2,116	For
Calvert	1,569	For
Nationwide	1,275	For
ProShares	1,170	For
State Street	803	For
PENN SERIES FUNDS INC	486	For
TIAA	455	For
American Century	348	For
Allianz	326	For

Showing the 25 largest of 36 asset managers. See all 36 in the interactive database.

9. To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are duly elected and qualified: Natica von Althann

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-17.

Combines 2 wordings of this item as funds reported it.

86% Majority: yes · of votes cast

FOR 86%AGAINST 14%

FOR: 3,497,898AGAINST: 570,208

FUELCELL ENERGY INC.’s own tally for this item (“Elect Director: Natica von Althann”): 3,497,898 for, 570,208 against, per its Form 8-K filed 2025-04-21 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 21,143,772 outstanding shares: 17% for, 3% against (19% of the company cast a for/against vote).

The 36 asset managers below cast 100% of the shares they voted on this item FOR (178,581 for, 0 against).

FOR 100%

FOR: 178,581 (100.0%)

Largest asset managers voting on “To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Vote
Global X	28,127	For
Federated Hermes	20,123	For
Charles Schwab	19,123	For
Vanguard	14,031	For
AllianceBernstein	13,188	For
Lincoln Financial	12,741	For
BlackRock	9,904	For
Pacific Life	8,996	For
Bridge Builder Trust	8,930	For
Northern Trust	7,943	For
Equitable	6,217	For
Invesco	4,917	For
Fidelity	4,766	For
John Hancock	4,127	For
ETF Series Solutions	3,588	For
SEI	2,856	For
AIG/SunAmerica	2,116	For
Calvert	1,569	For
Nationwide	1,275	For
ProShares	1,170	For
State Street	803	For
PENN SERIES FUNDS INC	486	For
TIAA	455	For
American Century	348	For
Allianz	326	For

Showing the 25 largest of 36 asset managers. See all 36 in the interactive database.

10. To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are duly elected and qualified: Tyrone Michael Jordan

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-04-17.

Combines 2 wordings of this item as funds reported it.

87% Majority: yes · of votes cast

FOR 87%13%

FOR: 3,517,588AGAINST: 547,078

FUELCELL ENERGY INC.’s own tally for this item (“Elect Director: Tyrone Michael Jordan”): 3,517,588 for, 547,078 against, per its Form 8-K filed 2025-04-21 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 21,143,772 outstanding shares: 17% for, 3% against (19% of the company cast a for/against vote).

The 36 asset managers below cast 99.9% of the shares they voted on this item FOR (178,564 for, 17 against).

FOR 99.9%

FOR: 178,564 (100.0%)AGAINST: 17 (0.0%)

Largest asset managers voting on “To elect eight directors to serve until the 2026 Annual Meeting of Stockholders and until their successors are” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Vote
Global X	28,127	For
Federated Hermes	20,123	For
Charles Schwab	19,123	For
Vanguard	14,031	For
AllianceBernstein	13,188	For
Lincoln Financial	12,741	For
BlackRock	9,904	For
Pacific Life	8,996	For
Bridge Builder Trust	8,930	For
Northern Trust	7,943	For
Equitable	6,217	For
Invesco	4,917	For
Fidelity	4,766	For
John Hancock	4,127	For
ETF Series Solutions	3,588	For
SEI	2,856	For
AIG/SunAmerica	2,116	For
Calvert	1,569	For
Nationwide	1,275	For
ProShares	1,170	For
State Street	803	For
PENN SERIES FUNDS INC	486	For
TIAA	455	For
American Century	348	For
Allianz	326	For

Showing the 25 largest of 36 asset managers. See all 36 in the interactive database.

11. To ratify the selection of KPMG LLP as FuelCell Energy, Inc.'s independent registered public accounting firm for the fiscal year ending October 31, 2025

AUDIT-RELATED

Meeting held 2025-04-17.

Combines 2 wordings of this item as funds reported it.

86% fund support · no official result

FOR 86%AGAINST 14%

The 36 asset managers below cast 86% of the shares they voted on this item FOR (153,246 for, 25,335 against).

FOR: 153,246 (85.8%)AGAINST: 25,335 (14.2%)

Largest asset managers voting on “To ratify the selection of KPMG LLP as FuelCell Energy, Inc.'s independent registered public accounting firm f” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Against	Vote
Global X	2,809	25,318	Against
Federated Hermes	20,123	0	For
Charles Schwab	19,123	0	For
Vanguard	14,031	0	For
AllianceBernstein	13,188	0	For
Lincoln Financial	12,741	0	For
BlackRock	9,904	0	For
Pacific Life	8,996	0	For
Bridge Builder Trust	8,930	0	For
Northern Trust	7,943	0	For
Equitable	6,217	0	For
Invesco	4,917	0	For
Fidelity	4,766	0	For
John Hancock	4,127	0	For
ETF Series Solutions	3,588	0	For
SEI	2,856	0	For
AIG/SunAmerica	2,116	0	For
Calvert	1,569	0	For
Nationwide	1,275	0	For
ProShares	1,170	0	For
State Street	803	0	For
PENN SERIES FUNDS INC	486	0	For
TIAA	455	0	For
American Century	348	0	For
Allianz	326	0	For

Showing the 25 largest of 36 asset managers. See all 36 in the interactive database.

12. To adopt an amendment to the FuelCell Energy, Inc. Certificate of Incorporation, as amended, to effect a reverse stock split of the Company's issued and outstanding shares of Common Stock, par value $0.0001 per share, and shares of Common Stock held in treasury at a specific ratio ranging from one-for-ten (1:10) to one-for-thirty (1:30), at any time prior to May 23, 2025, with the exact ratio to b

CAPITAL STRUCTURE

Meeting held 2024-10-31; no official results are on file for this meeting.

100% fund support · no official result

FOR 100%

The 28 asset managers below cast 100% of the shares they voted on this item FOR (20,089,568 for, 0 against).

FOR: 20,089,568 (100.0%)

Largest asset managers voting on “To adopt an amendment to the FuelCell Energy, Inc. Certificate of Incorporation, as amended, to effect a rever” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Vote
Vanguard	15,692,960	For
Equitable	1,161,891	For
First Trust	862,758	For
AllianceBernstein	839,988	For
Lincoln Financial	382,268	For
Northern Trust	202,939	For
Pacific Life	198,624	For
Brighthouse	149,729	For
Fidelity	107,459	For
Goldman Sachs	95,291	For
Blackstone Alternative Investment Funds	91,800	For
DWS	69,271	For
AIG/SunAmerica	54,695	For
Calvert	47,099	For
State Street	29,712	For
ProShares	18,892	For
Brinker Capital Destinations Trust	16,731	For
PENN SERIES FUNDS INC	14,600	For
Morgan Stanley	14,079	For
WisdomTree	13,960	For
TIAA	13,607	For
Invesco	5,839	For
Guggenheim	1,663	For
T. Rowe Price	1,533	For
Voya	1,470	For

Showing the 25 largest of 28 asset managers. See all 28 in the interactive database.

13. To approve one or more adjournments of the Special Meeting, if necessary, to solicit additional proxies if there are not sufficient votes in favor of the Proposal 1.

CORPORATE GOVERNANCE

Meeting held 2024-10-31; no official results are on file for this meeting.

98% fund support · no official result

FOR 98%

The 28 asset managers below cast 98% of the shares they voted on this item FOR (19,672,992 for, 416,576 against).

FOR: 19,672,992 (97.9%)AGAINST: 416,576 (2.1%)

Largest asset managers voting on “To approve one or more adjournments of the Special Meeting, if necessary, to solicit additional proxies if the” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	15,692,960	0	For
Equitable	1,161,891	0	For
First Trust	862,758	0	For
AllianceBernstein	839,988	0	For
Lincoln Financial	28,268	354,000	Against
Northern Trust	202,939	0	For
Pacific Life	198,624	0	For
Brighthouse	149,729	0	For
Fidelity	107,459	0	For
Goldman Sachs	95,291	0	For
Blackstone Alternative Investment Funds	91,800	0	For
DWS	69,271	0	For
AIG/SunAmerica	54,695	0	For
Calvert	47,099	0	For
State Street	0	29,712	Against
ProShares	18,892	0	For
Brinker Capital Destinations Trust	0	16,731	Against
PENN SERIES FUNDS INC	0	14,600	Against
Morgan Stanley	14,079	0	For
WisdomTree	13,960	0	For
TIAA	13,607	0	For
Invesco	5,839	0	For
Guggenheim	1,663	0	For
T. Rowe Price	0	1,533	Against
Voya	1,470	0	For

Showing the 25 largest of 28 asset managers. See all 28 in the interactive database.

14. To adopt an amendment to the FuelCell Energy, Inc. Certificate of Incorporation, as amended, to effect a reverse stock split of the Company's issued and outstanding shares of Common Stock, par value $0.0001 per share, and shares of Common Stock held in treasury at a specific ratio ranging from one-for-ten (1:10) to one- for-thirty (1:30), at any time prior to May 23, 2025, with the exact ratio to

CAPITAL STRUCTURE

Meeting held 2024-10-31; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99%

The 14 asset managers below cast 100% of the shares they voted on this item FOR (5,274,685 for, 0 against).

FOR: 5,274,685 (98.8%)ABSTAIN: 62,941 (1.2%)

Largest asset managers voting on “To adopt an amendment to the FuelCell Energy, Inc. Certificate of Incorporation, as amended, to effect a rever” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Abstain	Vote
BlackRock	2,121,152	0	For
Global X	1,647,887	0	For
Northern Lights Fund Trust IV	551,095	0	For
Charles Schwab	437,212	0	For
Bridge Builder Trust	214,810	0	For
ETF Series Solutions	106,631	0	For
SEI	85,700	0	For
MUTUAL FUND SERIES TRUST	0	62,941	Abstain
QUANTITATIVE MASTER SERIES LLC	60,210	0	For
Nationwide	36,195	0	For
Allianz	9,782	0	For
John Hancock	1,903	0	For
Advisors' Inner Circle Fund III	1,626	0	For
VanEck ETF Trust	482	0	For

15. TO APPROVE ONE OR MORE ADJOURNMENTS OF THE SPECIAL MEETING, IF NECESSARY, TO SOLICIT ADDITIONAL PROXIES IF THERE ARE NOT SUFFICIENT VOTES IN FAVOR OF PROPOSAL 1.

CORPORATE GOVERNANCE

Meeting held 2024-10-31; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 99%

The 14 asset managers below cast 100% of the shares they voted on this item FOR (5,274,685 for, 0 against).

FOR: 5,274,685 (98.8%)ABSTAIN: 62,941 (1.2%)

Largest asset managers voting on “TO APPROVE ONE OR MORE ADJOURNMENTS OF THE SPECIAL MEETING, IF NECESSARY, TO SOLICIT ADDITIONAL PROXIES IF THE” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Abstain	Vote
BlackRock	2,121,152	0	For
Global X	1,647,887	0	For
Northern Lights Fund Trust IV	551,095	0	For
Charles Schwab	437,212	0	For
Bridge Builder Trust	214,810	0	For
ETF Series Solutions	106,631	0	For
SEI	85,700	0	For
MUTUAL FUND SERIES TRUST	0	62,941	Abstain
QUANTITATIVE MASTER SERIES LLC	60,210	0	For
Nationwide	36,195	0	For
Allianz	9,782	0	For
John Hancock	1,903	0	For
Advisors' Inner Circle Fund III	1,626	0	For
VanEck ETF Trust	482	0	For

16. Advisory Vote to Ratify Named Executive Officers' Compensation

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-04-17.

100% fund support · no official result

FOR 100%

The 5 asset managers below cast 100% of the shares they voted on this item FOR (8,329 for, 0 against).

FOR: 8,329 (100.0%)

Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Vote
JPMorgan	8,146	For
TD Waterhouse Canada Inc.	130	For
MILLER HOWARD INVESTMENTS INC /NY	36	For
TD ASSET MANAGEMENT INC	16	For
Empirical Financial Services, LLC d.b.a. Empirical Wealth Ma	1	For

17. TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF FUELCELL ENERGY, INC.'S NAMED EXECUTIVE OFFICERS AS SET FORTH IN THE EXECUTIVE COMPENSATION&QUOT SECTION OF THE PROXY STATEMENT. &QUOT

SECTION 14A SAY-ON-PAY VOTES

Reported under meeting date 2025-04-03; no official results on file for that date.

0% fund support · no official result

AGAINST 100%

The 4 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 169 against).

AGAINST: 169 (100.0%)

Largest asset managers voting on “TO APPROVE, ON A NON-BINDING ADVISORY BASIS, THE COMPENSATION OF FUELCELL ENERGY, INC.'S NAMED EXECUTIVE OFFIC” at FUELCELL ENERGY INC., 2024-2025
Asset manager	Against	Vote
Advisors' Inner Circle Fund III	72	Against
L2 Asset Management, LLC	72	Against
LAZARI CAPITAL MANAGEMENT, INC.	16	Against
WOLFF WIESE MAGANA LLC	9	Against

18. To approve, on a non-binding advisory basis, the compensation of FuelCell Energy, Inc.'s named executive officers as set forth in the "Executive Compensation" section of the Proxy Statement.

SECTION 14A SAY-ON-PAY VOTES

Reported under meeting date 2025-04-03; no official results on file for that date.

Combines 2 wordings of this item as funds reported it.

3% fund support · no official result

AGAINST 97%

The 3 asset managers below cast 3% of the shares they voted on this item FOR (6 for, 167 against).

FOR: 6 (3.5%)AGAINST: 167 (96.5%)

Largest asset managers voting on “To approve, on a non-binding advisory basis, the compensation of FuelCell Energy, Inc.'s named executive offic” at FUELCELL ENERGY INC., 2024-2025
Asset manager	For	Against	Vote
LCM Capital Management Inc	0	167	Against
ELEVATION POINT WEALTH PARTNERS, LLC	3	0	For
Quarry LP	3	0	For

Largest FUELCELL ENERGY INC. shareholders voting in 2024-2025

Ranked by the number of FUELCELL ENERGY INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 21,143,772 shares outstanding at the time of that meeting.

Top FUELCELL ENERGY INC. shareholders by shares voted, 2024-2025
#	Asset manager	% of shares outstanding
1	Legal & General Investment Management Ltd	5.18%
2	State Street	0.88%
3	Northern Trust	0.44%
4	BlackRock	0.33%
5	Federated Hermes	0.30%
6	Charles Schwab	0.18%
7	Two Sigma	0.16%
8	AllianceBernstein	0.15%
9	Global X	0.13%
10	MELLON INVESTMENTS Corp	0.13%

Reported FUELCELL ENERGY INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

FUELCELL ENERGY INC. beneficial owners on record for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
Legal & General Group Plc	13.68%	13G
BlackRock	7.09%	13F
Vanguard Group	5.28%	13F
Geode Capital	2.43%	13F
Invesco	1.90%	13F
Citadel Advisors	1.77%	13F
State Street	1.61%	13F
Northern Trust	0.78%	13F
Charles Schwab	0.75%	13F
Morgan Stanley	0.66%	13F

Percentages above are of 21,143,772 shares outstanding, as reported by FUELCELL ENERGY INC. on its Form 10-Q dated 2025-01-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from FUELCELL ENERGY INC.’s 10-Q dated 2025-01-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At FUELCELL ENERGY INC.'s 2 shareholder meetings in the 2024-2025 proxy season (held 2024-10-31 and 2025-04-17), 168 asset managers reported how they voted in their SEC Form N-PX filings, covering 1,455 separate fund positions. Their filings are grouped here into 18 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. FUELCELL ENERGY INC.'s own Form 8-K tally for this meeting is published below, but no row in it could be matched to the most widely held item, so this page states no certified outcome for that item. On that item — To approve, on a non-binding advisory basis, the compensation of FuelCell Energy, Inc.'s named… — the reporting funds cast 39% of the shares they voted in favour (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

FUELCELL ENERGY INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.