FuelCell Energy, Inc. filed a Form 8-K on October 28, 2026, disclosing the election of Peter Hopper as a new director to its Board of Directors, effective October 26, 2026.

Key Highlights

  • New director elected: Peter Hopper was elected to the FuelCell Energy Board of Directors effective October 26, 2026, expanding the Board to ten directors.
  • Committee appointments: Hopper was appointed to the Compensation and Leadership Development Committee and the Nominating, Governance and Sustainability Committee.
  • Annual retainer: Hopper will receive an annual retainer of $75,000, prorated from his October 26, 2026 service start date.
  • RSU grant: Hopper will receive 2,231 restricted stock units under the Company's Sixth Amended and Restated 2018 Omnibus Incentive Plan, vesting at the 2027 annual stockholder meeting.
  • No reportable arrangements: The filing states there are no arrangements or understandings between Hopper and any other person regarding his selection, and no transactions reportable under Item 404(a) of Regulation S-K.
  • RSU settlement terms: The RSUs may be settled in cash or shares of common stock, at the discretion of the Compensation and Leadership Development Committee.

Peter Hopper Joins FuelCell Energy Board With RSU Award and $75,000 Retainer

According to the filing, FuelCell Energy, Inc. (NASDAQ:FCEL) increased the number of directors on its Board to ten before electing Peter Hopper as a new member, effective October 26, 2026. Hopper's term will run until the 2027 annual meeting of stockholders or until his earlier resignation or removal, the company disclosed.

In connection with his election, the filing states that Hopper was appointed to serve on two committees: the Compensation and Leadership Development Committee and the Nominating, Governance and Sustainability Committee. As compensation for Board service and non-chair committee participation, Hopper will receive an annual retainer of $75,000, prorated based on his October 26, 2026 start date, according to the filing.

The filing further discloses that Hopper will receive a grant of 2,231 restricted stock units under the Company's Sixth Amended and Restated 2018 Omnibus Incentive Plan. These RSUs are scheduled to vest on the date of the regularly scheduled 2027 annual stockholder meeting and may be settled in cash or in shares of the Company's common stock, at the discretion of the Compensation and Leadership Development Committee as plan administrator. The filing also notes that Hopper, as a non-employee director, is eligible to participate in the Directors Deferred Compensation Plan and to receive expense reimbursement as described in the Definitive Proxy Statement on Schedule 14A filed with the SEC on February 18, 2026. A press release announcing Hopper's election was issued on October 28, 2026, and furnished as Exhibit 99.1 to the filing.

What Was Disclosed

FuelCell Energy reported the election of Peter Hopper to its Board of Directors effective October 26, 2026, along with his committee appointments, a $75,000 prorated annual retainer, and a grant of 2,231 RSUs vesting at the 2027 annual meeting.