Business Services Industry
Biggest Shareholder in Colonie, N.Y., Fuel Cell Maker to Sell Stock.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News, September, 2000 by Aaron, Kenneth
Sep. 21--Plug Power Inc.'s largest individual shareholder recently notified the Securities and Exchange Commission his intent to sell up to 1.12 million shares of his stock.
Michael J. Cudahy declared his plans just two weeks after leaving his seat on Plug's board of directors. He had been slated to remain on the board through 2001.
Plug's chief operating officer, Greg Silvestri, painted Cudahy's moves as standard operating procedure for a venture capitalist looking to take some of the gains he realized as an early Plug backer and preparing to spread them elsewhere.
Cudahy notified the federal SEC of his plans to sell shares in two separate filings this week. The filings were reported by the Washington Service, a Washington, D.C.-based...
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