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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): August 6, 2025
BLOOM ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
001-38598
(Commission File Number)
| Delaware | 77-0565408 | ||
| (State or other jurisdiction of incorporation) | (I.R.S. Employer Identification No.) | ||
| 4353 North First Street, San Jose, California | 95134 | ||
| (Address of principal executive offices) | (Zip Code) | ||
| (408) 543-1500 | |||
| (Registrant’s telephone number, including area code) | |||
| Not Applicable | |||
| (Former name or former address, if changed since last report) | |||
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:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class(1) | Trading Symbol(s) |
Name of each exchange on which registered |
||
| Class A Common Stock, $0.0001 par value | BE | New York Stock Exchange |
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 ¨
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. ¨
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On August 6, 2025, the Board of Directors (the “Board”) of Bloom Energy Corporation (“Bloom Energy” or the “Company”) increased the authorized number of directors constituting the Board from nine to ten directors.
Mr. Jim Hagemann Snabe was appointed to serve as a Class II director of Bloom Energy effective August 6, 2025 to hold office until the 2026 annual meeting of stockholders and until his successor shall have been duly elected and qualified. Mr. Snabe was also appointed to serve as a member of the Company’s Nominating, Governance, and Public Policy Committee and Compensation and Organizational Development Committee. Previously, Mr. Snabe was the Co-Chief Executive Officer of SAP AG from February 2010 to May 2014. Mr. Snabe is the current Chairman of the Supervisory Board at Siemens AG. He also serves on the Board of Directors at C3.ai, Inc. and Temasek Holdings and is a member of the Board of Trustees of the World Economic Forum in Switzerland.
There are no arrangements or understandings between Mr. Snabe and any other persons pursuant to which he was selected as a director, and he does not have any family relationships with any of the Company’s directors or executive officers. Mr. Snabe does not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Mr. Snabe will receive the standard compensation for a non-employee director of Bloom Energy. The Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission (the “SEC”) on April 2, 2025 generally describes the standard compensation for a non-employee director. Bloom Energy also intends to enter into its standard form of indemnification agreement with Mr. Snabe. A copy of the form of Indemnification Agreement was filed with the SEC as Exhibit 10.1 to our Quarterly Report on Form 10-Q for the quarter ended June 30, 2018 on September 7, 2018.
| Item 7.01 | Regulation FD Disclosure. |
Bloom Energy’s press release issued August 6, 2025, announcing the appointment of Mr. Snabe, is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Item 7.01 and in the accompanying Exhibit 99.1 is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. |
Exhibits
| Exhibit | Description |
| 99.1 | Press release dated August 6, 2025. |
| 104 | Cover page interactive data file (embedded within the inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| BLOOM ENERGY CORPORATION | ||
| Date: August 6, 2025 | By: | /s/ Shawn M. Soderberg |
| Shawn M. Soderberg | ||
| Chief Legal Officer and Corporate Secretary |
Exhibit 99.1
Bloom Energy Appoints Jim Snabe to Board of Directors
| · | Global Technology Leader to Drive Bloom’s Expansion Worldwide as Company Scales Fuel Cell Technology at AI Speed |
| · | Recognized Innovator and Advisor to Global Corporations and Governments will Further Strengthen Bloom’s Mission |
SAN JOSE, Calif. – August 6, 2025 – Bloom Energy (NYSE: BE), a global leader in power solutions, today announced that technology industry veteran and trusted advisor to businesses and governments, Jim Hagemann Snabe, has joined the Bloom Energy Board of Directors. Snabe brings decades of experience scaling global enterprises, positioning Bloom to accelerate its growth worldwide.
Jim Snabe’s distinguished career spans more than three decades in the information technology and industrial sectors. He served as co-CEO of SAP, a global leader in enterprise applications and business AI, where he drove significant global growth. He is the current Chairman of Siemens AG. He was previously Vice Chair of Allianz SE and Chair of A.P. Møller - Mærsk, where he advanced digital transformation and sustainability initiatives. Jim serves on the Board of Temasek and the Board of Trustees at the World Economic Forum and is an advisor to Deutsche Bank. Mr. Snabe also serves on the Board of Directors at C3 AI.
“I am delighted to welcome Jim Snabe to our Board of Directors,” said KR Sridhar, Founder, Chairman and CEO of Bloom Energy. “Jim’s proven success in scaling global enterprises at SAP, Maersk, and Siemens will be invaluable in our drive to bring clean, reliable, and affordable power to businesses and communities worldwide. His strategic vision and innovation expertise will help accelerate Bloom’s leadership in the global energy transition. All of us at Bloom are excited that Jim is joining us in our mission to create energy abundance for all.”
Jeffrey Immelt, lead independent director of Bloom Energy and former Chairman and CEO of GE, said: “We welcome Jim to the Bloom Energy board. He brings a lifetime of experience in energy markets, global development, leadership and innovation. Jim is smart, tough-minded and strategic. He will be great for our team, our customers and our investors. We look forward to learning from Jim.”
“I’m excited to join Bloom Energy’s board at a time when the market urgently needs scalable energy solutions,” said Jim Snabe. “Bloom’s technology is uniquely positioned to meet the growing demand for reliable, affordable and sustainable energy.”
About Bloom Energy
Bloom Energy empowers enterprises to meet soaring energy demands and responsibly take charge of their power needs. The company’s fuel cell system provides ultra-resilient, highly scalable onsite electricity generation for Fortune 500 companies around the world, including data centers, semiconductor manufacturing, large utilities, and other commercial and industrial sectors. Headquartered in Silicon Valley, Bloom Energy has deployed 1.5 GW of low-carbon power across more than 1,200 installations globally. For more information, visit www.BloomEnergy.com.
Forward Looking Statements
This press release contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, Bloom’s leadership role in the energy transition, the ability of Bloom’s technology to meet the energy demand needs, expectations regarding the growth of onsite power generation and distributed power, the pace of deployment, the ability for fuel cells to scale, and the cost efficiency of fuel cells. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, but not limited to, risks and uncertainties detailed in Bloom’s SEC filings. More information on potential risks and uncertainties that may impact Bloom’s business are set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 27, 2025, as well as subsequent reports filed with or furnished to the SEC. Bloom assumes no obligation to, and does not intend to, update any such forward-looking statements.
Media
Bloom Energy – Katja Gagen (press@bloomenergy.com)
Investors
Bloom Energy – Michael Tierney (investor@bloomenergy.com)