0001104659-17-033967.txt : 20170519 0001104659-17-033967.hdr.sgml : 20170519 20170519132306 ACCESSION NUMBER: 0001104659-17-033967 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170517 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170519 DATE AS OF CHANGE: 20170519 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PLUG POWER INC CENTRAL INDEX KEY: 0001093691 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] 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: 17857201 BUSINESS ADDRESS: STREET 1: 968 ALBANY-SHAKER ROAD CITY: LATHAM STATE: NY ZIP: 12110 BUSINESS PHONE: 5187827700 MAIL ADDRESS: STREET 1: 968 ALBANY-SHAKER ROAD CITY: LATHAM STATE: NY ZIP: 12110 8-K 1 a17-13905_18k.htm 8-K

 

 

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):  May 17, 2017

 

PLUG POWER INC.

(Exact name of registrant as specified in charter)

 

Delaware

 

1-34392

 

22-3672377

(State or Other
Jurisdiction
of Incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification No.)

 

968 Albany Shaker Road, Latham, New York  12110
(Address of Principal Executive Offices)  (Zip Code)

 

(518) 782-7700
(Registrant’s telephone number, including area code)

 

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):

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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  o

 

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.  o

 

 

 



 

Item 8.01   Other Events

 

On May 17, 2017, Andy Marsh, the Chief Executive Officer of Plug Power Inc. (the “Company”), published on the Company’s website a blog post that reiterated certain previously disclosed information, including financial guidance.  A copy of the blog post is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit Number

 

Title

 

 

 

99.1

 

Blog Post, dated May 17, 2017

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

PLUG POWER INC.

 

 

 

 

 

 

Date: May 18, 2017

By:

/s/ Andrew Marsh

 

 

Andrew Marsh

 

 

Chief Executive Officer

 

3


EX-99.1 2 a17-13905_1ex99d1.htm EX-99.1

Exhibit 99.1

 

Reiterating Guidance from Andy Marsh

 

There has been some misinformation circulated today and I’d like to take the opportunity to clarify our plans for this year.

 

1.              We have provided the following guidance for the Company in February of 2017, and reiterated the metrics in March, April and May.

 

 

Metric

 

2017 Guidance

 

Revenue (GAAP)

 

Total:

 

$130 million

 

 

 

 

 

 

 

 

Shipments

 

 

 

 

 

 

 

 

 

Total

 

PPA

 

 

GenDrive

 

5,600

 

1,800

 

 

GenFuel Sites

 

25

 

9

 

 

ProGen Mods.

 

100

 

N/A

 

 

 

 

 

Gross Margin (GAAP)

 

· 8% - 12%

 

Bookings

 

· $325 million

 

Cash

 

· $25-$35 million of net cash used in operating and investing activities

 

 

2.              Our shipping plans for Walmart have not changed, as indicated by our projections of 1,800 units shipped under PPA agreements.

 

3.              The strike price and number of Amazon warrants remains the same as announced on April 5, 2017.

 

4.              The recent announcements with major customers have increased new customer interest in our products, across the board.

 

5.              In 2017, the vast majority of our new units will be shipped with Plug Power-designed and manufactured fuel cell stacks.

 

I hope this clarifies any misunderstandings.

 

— Andy Marsh, CEO of Plug Power

 

Posted: May 17, 2017 in Blog