Capstone Green Energy (CGEH) announced leadership changes and furnished a press release of preliminary, unaudited results for the quarter ended September 30, 2025. Director Robert C. Flexon resigned effective October 30, 2025, citing a disagreement over the Company’s strategic direction and expressing concern about considering alternatives that dilute common stockholders without addressing the debt profile and liquidity position. The Board named Robert F. Powelson as Interim Chairman on October 31, 2025.
On November 1, 2025, John J. Juric resigned as Chief Financial Officer. On November 2, 2025, the Board appointed John P. Miller, a current director and Audit Committee Chair, as Interim CFO and principal financial officer; compensation arrangements are expected to be finalized. The Company stated it remains committed to exploring options to enhance stakeholder value.
Capstone Green Energy Holdings, Inc. filed an amended Form 8-K to provide required financial statements and pro forma information related to its completed acquisition of Cal Microturbine, LLC. The company notes that on August 13, 2025, its subsidiary acquired all outstanding membership interests of Cal Microturbine, an authorized distributor of its systems in California.
The amendment includes audited financial statements of the acquired business for the years ended December 31, 2024 and 2023, unaudited interim statements for the three months ended March 31, 2025 and 2024, and unaudited interim statements for the six months ended June 30, 2025 and 2024. It also provides unaudited pro forma condensed combined results: a balance sheet as of June 30, 2025 and statements of operations for the three months ended June 30, 2025 and the year ended March 31, 2025. These materials are furnished as Exhibits 99.1 through 99.4.
Capstone Green Energy Holdings, Inc. is registering an additional 1,000,000 shares of common stock under its 2023 Equity Incentive Plan. These shares, approved by stockholders on August 12, 2025, are intended for future equity awards to employees, directors and other eligible participants.
The company is using a Form S-8 registration and incorporates by reference its prior S-8 filed on April 8, 2025, along with various charter, bylaw, plan and legal opinion exhibits to support the expanded equity plan.
John J. Juric, Chief Financial Officer of Capstone Green Energy Holdings, Inc. (CGEH), reported a deemed disposition related to vested restricted stock units on September 30, 2025. The filing shows 3,653 shares of voting common stock were disposed of at a price of $2.68 to cover the reporting person’s tax liability arising from RSU vesting. After that disposition, Mr. Juric beneficially owned 171,347 shares of voting common stock and 114,560 shares of non-voting common stock.
The filing also discloses remaining unvested restricted stock units: 30,000 voting shares that vest in equal annual installments on September 9, 2026 and September 9, 2027, and 45,000 voting shares that vest in three equal annual installments beginning April 3, 2026.
Capstone Green Energy Holdings insider filing: Vincent J. Canino, the company's President & CEO and a director, reported a deemed disposition of 2,982 shares of voting common stock on 09/30/2025 to cover tax withholding related to restricted stock units that vested on 09/09/2025 at a price of $2.68 per share. After the transaction he beneficially owns 467,598 shares. His remaining holdings include restricted stock units underlying 300,000 shares vesting in equal annual installments on March 11, 2026 and March 11, 2027; 16,667 shares vesting in equal annual installments on September 9, 2026 and September 9, 2027; and 49,250 shares vesting in three equal annual installments beginning April 3, 2026.