FuelCell Energy Reports Company NewsAugust 22, 2000 by Jeff Shepard
FuelCell Energy Inc. (Danbury, CT) announced that its board of directors has declared a 100-percent stock dividend on its common stock, having the effect of a two-for-one stock split. Stockholders of record on September 6, 2000, will be entitled to one additional share of common stock for each share of the company's common stock held on that date. The payment date for the stock dividend will be September 13, 2000. On or about that date, certificates for the new shares will be mailed to stockholders by the company's transfer agent, Continental Stock Transfer and Trust Company. The company has approximately 7,685,000 shares of its common stock outstanding. As a result of the stock dividend, the company will have approximately 15,370,000 shares of common stock outstanding as of September 6, 2000. Also in the news, the company announced the promotion of two senior managers and the appointment of a senior vice president of marketing and sales.Christopher R. Bentley, formerly head of the Fuel Cell Group, has been named executive vice president and COO. Hansraj C. Maru, who has been head of the Advanced Technology Group, has been appointed executive vice president and CTO. Herbert T. Nock, formerly of General Electric's Power Systems business, has joined FuelCell Energy as senior vice president of marketing and sales.