Fuel Cell Works Supplemental News Page

Not Much Change In Pay For Executives At Plug Power Publication date: 08-April-2004 Source: Times Union
Executive compensation is relatively flat at Plug Power Inc., which filed its annual proxy this week. Roger B. Saillant, president and chief executive at the Latham-based fuel cell company, earned a base salary of $300,000 in 2003, plus about $15,000 in other compensation -- almost exactly what he took home the year before. Saillant did not receive a bonus last year. Other top executives did, although their pay did not get much of a boost. Plug's annual meeting will be held at 10 a.m. May 20 at the Albany Marriott hotel on Wolf Road in Colonie. Shareholders will be asked to re-elect three directors to the board: George C. McNamee, chairman of First Albany Cos. Inc.; Douglas T. Hickey, a general partner at Hummer-Winblad Venture Partners; and J. Douglas Grant, a director of Sceptre Investment Counsel Ltd. The new terms will expire in 2007. Shares (Nasdaq: PLUG) closed Wednesday at $7.89, down 5 cents. ~

Executive
compensation is relatively flat at Plug Power Inc., which filed its annual
proxy this week.Roger B. Saillant, president and chief
executive at the Latham-based fuel cell company, earned a base salary of
$300,000 in 2003, plus about $15,000 in other compensation -- almost exactly
what he took home the year before.
Saillant did not receive a bonus last year.
Other top executives did, although their pay did not get much of a boost.
Plug's annual meeting will be held at 10
a.m. May 20 at the Albany Marriott hotel on Wolf Road in Colonie. Shareholders
will be asked to re-elect three directors to the board: George C. McNamee,
chairman of First Albany Cos. Inc.; Douglas T. Hickey, a general partner
at Hummer-Winblad Venture Partners; and J. Douglas Grant, a director of
Sceptre Investment Counsel Ltd. The new terms will expire in 2007.
Shares (Nasdaq: PLUG) closed Wednesday
at $7.89, down 5 cents.

 