SUPPLEMENT TO PROXY STATEMENT
FOR
ANNUAL MEETING OF SHAREHOLDERS
TO BE HELD ON NOVEMBER 30, 2017
November 17, 2017
General
This supplement provides updated and amended information with respect to UQM Technologies, Inc.s (
we
,
us
,
our
,
UQM
or the
Company
) 2017 Annual Meeting of Shareholders (the
Annual Meeting
) to be held on the 30
th
day of November, 2017, at 10:00 a.m., local time at 4120 Specialty Place, Longmont, Colorado 80504.
The information contained in this supplement should be read in conjunction with the Notice of Annual Meeting of Shareholders and the accompanying proxy statement (the
Proxy Statement
), dated October 25, 2017, furnished in connection with the solicitation of proxies by the Board of Directors of the Company for use at the Annual Meeting. There is no change to the record date to determine shareholders entitled to notice of and to vote at the Annual Meeting and, as such, only holders of the Companys common stock at the close of business on October 5, 2017 are entitled to notice of, and to vote at, the Annual Meeting and any further adjournments or postponements thereof.
Changes in Companys Certifying Accountant
Effective November 16, 2017, Hein & Associates LLP (
Hein
), the independent registered public accounting firm for the Company, merged with Moss Adams LLP (
Moss Adams
). As a result of this transaction, on November 16, 2017, Hein resigned as the independent registered public accounting firm for the Company. Concurrent with such resignation of Hein, the Companys audit committee approved the engagement of Moss Adams as the new independent registered public accounting firm for the Company effective for the year ended December 31, 2017. The Company filed a Current Report on Form 8-K on November 17, 2017 (the
Form 8-K
) in connection with the resignation of Hein and the appointment of Moss Adams.
As disclosed in the Form 8-K, the audit reports of Hein on the Companys financial statements for the nine month transition period ended December 31, 2016 and fiscal year ended March 31, 2016 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the two most recent audit periods ended December 31, 2016 and March 31, 2016 and through the subsequent interim periods preceding Heins resignation, there were no disagreements between the Company and Hein on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Hein would have caused them to make reference thereto in their reports on the Companys financial statements for such years.
During the two most recent audit periods ended December 31, 2016 and March 31, 2016 and through the subsequent interim periods preceding Heins resignation, there were no reportable events within the meaning set forth in Item 304(a)(1)(v) of Regulation S-K.