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<p style='margin:0in;margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:Arial;margin-bottom:12.0pt'>
<b>UNITED STATES</b></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:Arial;margin-bottom:12.0pt'>
<b>SECURITIES AND EXCHANGE COMMISSION</b></p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:24.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman";font-weight:bold;margin-bottom:12.0pt'>Washington, D.C. 20549</p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:"Times New Roman";font-weight:bold;'>_______________________________</p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:Arial;'>
<b>&nbsp;</b></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:Arial;margin-bottom:12.0pt'>
<b>FORM 8&#8209;K</b></p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:24.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman";font-weight:bold;margin-bottom:12.0pt'>CURRENT REPORT</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:24.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman";font-weight:bold;margin-bottom:12.0pt'>Pursuant to Section 13 or
15(d) of the<br>Securities Exchange Act of 1934</p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:"Times New Roman";font-weight:bold;'>
<i>__________________________________</i></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:"Times New Roman";font-weight:bold;'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>Date of Report (Date
of earliest event reported):&nbsp; <b><u>October 28, 2009</u></b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<div align="center">
	<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='border-collapse:collapse'>
		<tr>
			<td width=72 valign=top style='width:.75in;padding:0in 5.4pt 0in 5.4pt'>
			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
			</td>
			<td width=504 valign=top style='width:5.25in;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 5.4pt 0in 5.4pt'>
			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>
			<b><font style="font-size: 14.0pt">PLUG POWER INC.</font></b></p>
			</td>
			<td width=63 valign=top style='width:47.4pt;padding:0in 5.4pt 0in 5.4pt'>
			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>&nbsp;</p>
			</td>
		</tr>
	</table></div>
<p style='margin:0in;margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:"Times New Roman";font-weight:bold;margin-bottom:.25in'>
<font style="font-size: 10.0pt">(Exact
name of registrant as specified in charter)</font></p>
<div align="center">
	<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:29.4pt;border-collapse:collapse'>
		<tr>
			<td width=174 valign=top style='width:130.2pt;padding:0in 5.4pt 0in 5.4pt'>
			<div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
				<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center;border:none;
  padding:0in'><b>Delaware</b></p></div></td>
			<td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
			<div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
				<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center;border:none;
  padding:0in'><b>0-27527</b></p></div></td>
			<td width=182 valign=top style='width:136.2pt;padding:0in 5.4pt 0in 5.4pt'>
			<div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
				<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center;border:none;
  padding:0in'><b>22-3672377</b></p></div></td>
		</tr>
		<tr>
			<td width=174 valign=top style='width:130.2pt;padding:0in 5.4pt 0in 5.4pt'>
			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>(State or Other
  Jurisdiction<br>of Incorporation)</p></td>
			<td width=213 valign=top style='width:159.6pt;padding:0in 5.4pt 0in 5.4pt'>
			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>(Commission File
  Number)</p></td>
			<td width=182 valign=top style='width:136.2pt;padding:0in 5.4pt 0in 5.4pt'>
			<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>(IRS Employer<br>Identification No.)</p>
			</td>
		</tr>
	</table></div>
<p style='margin:0in;margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:"Times New Roman";font-weight:bold;margin-top:.25in'>
<u>968
Albany Shaker Road, Latham, New York 12110</u><u><br></u>
<font style="font-size: 10.0pt">(Address of Principal Executive
Offices)&nbsp; (Zip Code)</font></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:"Times New Roman";font-weight:bold;margin-top:.25in'>
<u>(518)
782-7700<br></u><font style="font-size: 10.0pt">(Registrant&#146;s telephone number,
including area code)</font></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>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 (<i>see </i>General
Instruction A.2. below):</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font face="Wingdings">&#111;</font>&nbsp;&nbsp; Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font face="Wingdings">&#111;</font>&nbsp;&nbsp; Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font face="Wingdings">&#111;</font>&nbsp;&nbsp; Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify;line-height:13.0pt'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<font face="Wingdings">&#111;</font>&nbsp;&nbsp; Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</p>

<b><hr color="#000080"><br clear=all
style='page-break-before:always'>
</b>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in'>
<b>Item 5.02 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers; Compensatory Arrangements of Certain Officers. </b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in'>
<b>&nbsp;</b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-indent:.5in;text-autospace:none'>On October 28,
2009, the Board of Directors of Company appointed Erik J. Hansen as Senior Vice
President and General Manager of Motive Power Division effective as of October
1, 2009.&nbsp; Mr. Hansen, 38, is responsible
for directing the Motive Power Division as it commercializes its fuel cell
power products for material handling customers.&nbsp; Mr. Hansen joined the Company
in September 2008 as the Vice President of Business Development and in this
role he led the decision-making and strategic planning for the manufacture and
sales of advanced energy storage solutions for both the transportation and
uninterruptible power systems.&nbsp; Previously, Mr.&nbsp;Hansen was the General Manager of Sales and Systems
Engineering for Cobasys LLC, a battery and energy storage systems company.&nbsp; Mr.
Hansen holds a Bachelor of Science degree in Electrical Engineering and a Bachelor
of Science degree in Computer Engineering from West Virginia University.</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-autospace:none'>&nbsp;</p>
<p style='margin-right:0in;margin-left:0in;font-size:12.0pt;font-family:"Times New Roman";margin:0in;margin-bottom:.0001pt'>The Company has agreed to pay Mr. Hansen
an annual base salary of $200,000.&nbsp; In connection with the promotion of Mr. Hansen,
the Company has entered into an executive employment agreement with Mr. Hansen.
The executive employment agreement provides that, among other things, if the
Company terminates his employment (a &#147;Terminating Event&#148;), then he will be
entitled to (1)&nbsp;receive a lump sum payment equal his annual base salary in
effect immediately prior to the Date of Terminating, (2)&nbsp;exercise vested
stock options for twelve (12) months following the Date of Termination, and (3)
receive benefits, including health, dental and life insurance for twelve
(12)&nbsp;months following the Date of Termination. It also provides that,
among other things, if a Terminating Event occurs within twelve
(12)&nbsp;months after a change in control of the Company, then Mr. Hansen will
be entitled to (1)&nbsp;receive a lump sum payment equal to the sum of
(i)&nbsp;his average annual base salary over the three fiscal years prior to
the Termination Date and (ii)&nbsp;his average annual bonus over the three
fiscal years prior to the Change in Control, (2)&nbsp;continued vesting in his
stock options as though he had remained an employee for twelve (12)&nbsp;months
following the Date of Termination, and (3)&nbsp;receive benefits, including
health, dental and life insurance for twelve (12)&nbsp;months following the
Date of Termination. The foregoing summaries are qualified in their entirety by
reference to the copy of the executive employment agreement, which is attached
as <u>Exhibit 99.1</u> to this Current Report on Form 8-K and incorporated
herein by reference. </p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-autospace:none'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-autospace:none'>On February 9, 2010, the Board
of Directors of Company appointed Adrian Corless as Senior Vice President and
Chief Technology Officer effective as of January 1, 2010.&nbsp; Mr. Corless, 43, is
responsible for the development of the Company&#146;s Motive Power products, as well
as guiding the Company&#146;s overall technology and Intellectual Property strategies.&nbsp;
Mr. Corless joined the Company in April 2007 as the Vice President of
Engineering in the Company&#146;s Richmond, British Columbia office in conjunction
with the Company&#146;s acquisition of Cellex Power Products, Inc.&nbsp; Previously,
Mr.&nbsp;Corless was the Chief Technology Officer for Cellex Power Products,
Inc. and in that role was responsible for the technical aspects of the product
development process. Prior to Cellex, Mr. Corless worked for Ballard Power
Systems Inc. and Excellsis Inc. latterly as Program Manager for the Phase 4
fuel cell bus program.&nbsp; Mr. Corless holds a Masters of Applied Science degree
in Mechanical Engineering from the University of Victoria and is a Registered
Professional Engineer in British Columbia, Canada.</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-autospace:none'>
<font style="font-size: 11.0pt">&nbsp;</font></p>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<hr color="#000080"><br clear=all
style='page-break-before:always'>


<div style='page:Section3;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-autospace:none'>In connection with the promotion
of Mr. Corless, the Company has entered into an executive employment agreement
with Mr. Corless. Pursuant to this executive employment agreement the Company
has agreed to pay Mr. Corless an annual base salary of $215,000.&nbsp; &nbsp;&nbsp;The executive
employment agreement provides that, among other things, if the Company
terminates his employment (a &#147;Terminating Event&#148;), then he will be entitled to
(1)&nbsp;receive a lump sum payment equal his annual base salary in effect
immediately prior to the Date of Terminating, (2)&nbsp;exercise vested stock
options for twelve (12) months following the Date of Termination, and (3)
receive benefits, including health, dental and life insurance for twelve
(12)&nbsp;months following the Date of Termination. It also provides that,
among other things, if a Terminating Event occurs within twelve
(12)&nbsp;months after a change in control of the Company, then Mr. Corless
will be entitled to (1)&nbsp;receive a lump sum payment equal to the sum of
(i)&nbsp;his average annual base salary over the three fiscal years prior to
the Termination Date and (ii)&nbsp;his average annual bonus over the three
fiscal years prior to the Change in Control, (2)&nbsp;continued vesting in his
stock options as though he had remained an employee for twelve (12)&nbsp;months
following the Date of Termination, and (3)&nbsp;receive benefits, including
health, dental and life insurance for twelve (12)&nbsp;months following the
Date of Termination. The foregoing summaries are qualified in their entirety by
reference to the copy of the executive employment agreement, which is attached
as <u>Exhibit 99.2</u> to this Current Report on Form 8-K and incorporated
herein by reference. &nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt;
margin-left:0in;text-autospace:none'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>
<b>Item 9.01 Financial Statements and Exhibits.</b></p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>(d)&nbsp;Exhibits.</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="93%"
 style='width:93.0%;margin-left:.25in;border-collapse:collapse'>
	<tr>
		<td width="19%" valign=bottom style='width:19.24%;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>
		<b>Exhibit&nbsp;Number</b></p></td>
		<td width="0%" valign=bottom style='width:.68%;padding:0in 0in 0in 0in'>
		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>
		<b>&nbsp;</b></p></td>
		<td width="80%" valign=bottom style='width:80.08%;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>
		<b>Title</b></p></td>
	</tr>
	<tr>
		<td width="19%" valign=top style='width:19.24%;padding:0in 0in 0in 0in'>
		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
		</td>
		<td width="0%" valign=bottom style='width:.68%;padding:0in 0in 0in 0in'>
		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
		</td>
		<td width="80%" valign=top style='width:80.08%;padding:0in 0in 0in 0in'>
		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
		</td>
	</tr>
	<tr>
		<td width="19%" valign=top style='width:19.24%;padding:0in 0in 0in 0in'>
		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>99.1</p>
		</td>
		<td width="0%" valign=bottom style='width:.68%;padding:0in 0in 0in 0in'>
		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
		</td>
		<td width="80%" valign=top style='width:80.08%;padding:0in 0in 0in 0in'>
		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>Executive Employment Agreement, dated as of October 28,
  2009, by and between Erik J. Hansen and Plug Power Inc.</p></td>
	</tr>
	<tr>
		<td width="19%" valign=top style='width:19.24%;padding:0in 0in 0in 0in'>
		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>99.2</p>
		</td>
		<td width="0%" valign=bottom style='width:.68%;padding:0in 0in 0in 0in'>
		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
		</td>
		<td width="80%" valign=top style='width:80.08%;padding:0in 0in 0in 0in'>
		<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>Executive Employment Agreement, dated as of February 9,
  2010, by and between Adrian Corless and Plug Power Inc.</p></td>
	</tr>
</table>
<p style='margin:0in;margin-bottom:.0001pt;text-align:justify;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<hr color="#000080"><br clear=all
style='page-break-before:always'>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";margin-left:1.0in;text-indent:-1.0in'>&nbsp;</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:24.0pt;margin-left:0in;text-align:center;font-size:12.0pt;font-family:"Times New Roman";font-weight:bold;'>SIGNATURES</p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-indent:10.5pt;font-size:10.0pt;font-family:"Times New Roman";text-indent:.5in'>
<font style="font-size: 12.0pt">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.</font></p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-indent:10.5pt;font-size:10.0pt;font-family:"Times New Roman";text-indent:.5in'>&nbsp;</p>
<table border="0" style="border-collapse: collapse" width="100%" id="table1" cellpadding="0">
	<tr>
		<td>
		<p style='margin-top:12.0pt;margin-right:0in;margin-bottom:30.0pt;margin-left:3.5in;page-break-after:avoid;font-size:12.0pt;font-family:"Times New Roman";margin-left:3.0in;page-break-after:auto'>&nbsp;</p>
		</td>
		<td>PLUG POWER
INC.<p>&nbsp;&nbsp;&nbsp; </td>
	</tr>
	<tr>
		<td>
		<p style='margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:3.5in;font-size:12.0pt;font-family:"Times New Roman";margin-top:0in;margin-right:0in;margin-bottom:
0in;margin-left:3.0in;margin-bottom:.0001pt;text-indent:-3.0in'>Date:&nbsp;
		February 19, 2010</p></td>
		<td>By: <u>/s/ Andrew Marsh</u></td>
	</tr>
	<tr>
		<td>&nbsp;</td>
		<td>Andrew Marsh</td>
	</tr>
	<tr>
		<td>&nbsp;</td>
		<td>President and Chief Executive Officer</td>
	</tr>
</table>
<pre style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Courier New";color:#000033;margin-left:.5in'>&nbsp;</pre>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

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Prepared by E-Services - www.edgar2.com
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):
October 28, 2009
PLUG POWER INC.
(Exact
name of registrant as specified in charter)
Delaware
0-27527
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))
Item 5.02        Departure
of Directors or Principal Officers; Election of Directors; Appointment of
Principal Officers; Compensatory Arrangements of Certain Officers.
On October 28,
2009, the Board of Directors of Company appointed Erik J. Hansen as Senior Vice
President and General Manager of Motive Power Division effective as of October
1, 2009.  Mr. Hansen, 38, is responsible
for directing the Motive Power Division as it commercializes its fuel cell
power products for material handling customers.  Mr. Hansen joined the Company
in September 2008 as the Vice President of Business Development and in this
role he led the decision-making and strategic planning for the manufacture and
sales of advanced energy storage solutions for both the transportation and
uninterruptible power systems.  Previously, Mr. Hansen was the General Manager of Sales and Systems
Engineering for Cobasys LLC, a battery and energy storage systems company.  Mr.
Hansen holds a Bachelor of Science degree in Electrical Engineering and a Bachelor
of Science degree in Computer Engineering from West Virginia University.
The Company has agreed to pay Mr. Hansen
an annual base salary of $200,000.  In connection with the promotion of Mr. Hansen,
the Company has entered into an executive employment agreement with Mr. Hansen.
The executive employment agreement provides that, among other things, if the
Company terminates his employment (a "Terminating Event"), then he will be
entitled to (1) receive a lump sum payment equal his annual base salary in
effect immediately prior to the Date of Terminating, (2) exercise vested
stock options for twelve (12) months following the Date of Termination, and (3)
receive benefits, including health, dental and life insurance for twelve
(12) months following the Date of Termination. It also provides that,
among other things, if a Terminating Event occurs within twelve
(12) months after a change in control of the Company, then Mr. Hansen will
be entitled to (1) receive a lump sum payment equal to the sum of
(i) his average annual base salary over the three fiscal years prior to
the Termination Date and (ii) his average annual bonus over the three
fiscal years prior to the Change in Control, (2) continued vesting in his
stock options as though he had remained an employee for twelve (12) months
following the Date of Termination, and (3) receive benefits, including
health, dental and life insurance for twelve (12) months following the
Date of Termination. The foregoing summaries are qualified in their entirety by
reference to the copy of the executive employment agreement, which is attached
as
Exhibit 99.1
to this Current Report on Form 8-K and incorporated
herein by reference.
On February 9, 2010, the Board
of Directors of Company appointed Adrian Corless as Senior Vice President and
Chief Technology Officer effective as of January 1, 2010.  Mr. Corless, 43, is
responsible for the development of the Company's Motive Power products, as well
as guiding the Company's overall technology and Intellectual Property strategies. 
Mr. Corless joined the Company in April 2007 as the Vice President of
Engineering in the Company's Richmond, British Columbia office in conjunction
with the Company's acquisition of Cellex Power Products, Inc.  Previously,
Mr. Corless was the Chief Technology Officer for Cellex Power Products,
Inc. and in that role was responsible for the technical aspects of the product
development process. Prior to Cellex, Mr. Corless worked for Ballard Power
Systems Inc. and Excellsis Inc. latterly as Program Manager for the Phase 4
fuel cell bus program.  Mr. Corless holds a Masters of Applied Science degree
in Mechanical Engineering from the University of Victoria and is a Registered
Professional Engineer in British Columbia, Canada.
In connection with the promotion
of Mr. Corless, the Company has entered into an executive employment agreement
with Mr. Corless. Pursuant to this executive employment agreement the Company
has agreed to pay Mr. Corless an annual base salary of $215,000.    The executive
employment agreement provides that, among other things, if the Company
terminates his employment (a "Terminating Event"), then he will be entitled to
(1) receive a lump sum payment equal his annual base salary in effect
immediately prior to the Date of Terminating, (2) exercise vested stock
options for twelve (12) months following the Date of Termination, and (3)
receive benefits, including health, dental and life insurance for twelve
(12) months following the Date of Termination. It also provides that,
among other things, if a Terminating Event occurs within twelve
(12) months after a change in control of the Company, then Mr. Corless
will be entitled to (1) receive a lump sum payment equal to the sum of
(i) his average annual base salary over the three fiscal years prior to
the Termination Date and (ii) his average annual bonus over the three
fiscal years prior to the Change in Control, (2) continued vesting in his
stock options as though he had remained an employee for twelve (12) months
following the Date of Termination, and (3) receive benefits, including
health, dental and life insurance for twelve (12) months following the
Date of Termination. The foregoing summaries are qualified in their entirety by
reference to the copy of the executive employment agreement, which is attached
as
Exhibit 99.2
to this Current Report on Form 8-K and incorporated
herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number
Title
99.1
Executive Employment Agreement, dated as of October 28,
  2009, by and between Erik J. Hansen and Plug Power Inc.
99.2
Executive Employment Agreement, dated as of February 9,
  2010, by and between Adrian Corless and Plug Power Inc.
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: 
		February 19, 2010
By:
/s/ Andrew Marsh
Andrew Marsh
President and Chief Executive Officer