Xcel Energy Elects New Directors, Files 8-K
Ticker: XELLL · Form: 8-K · Filed: May 23, 2024 · CIK: 72903
| Field | Detail |
|---|---|
| Company | Xcel Energy Inc (XELLL) |
| Form Type | 8-K |
| Filed Date | May 23, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $2.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-of-directors, filing
Related Tickers: XEL
TL;DR
Xcel Energy adds 2 new directors to the board, effective today.
AI Summary
On May 22, 2024, Xcel Energy Inc. filed an 8-K report detailing several key events. The company announced the election of two new directors, Ms. Sarah M. Doerr and Mr. David J. Sauser, to its Board of Directors, effective May 22, 2024. Additionally, the filing includes information regarding compensatory arrangements for certain officers and the submission of matters to a vote of security holders.
Why It Matters
The election of new directors can signal shifts in corporate strategy or governance, potentially impacting investor confidence and future company performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters such as director elections and compensatory arrangements, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- Xcel Energy Inc. (company) — Registrant
- Sarah M. Doerr (person) — Newly elected director
- David J. Sauser (person) — Newly elected director
- May 22, 2024 (date) — Effective date of director elections
FAQ
Who were the new directors elected to Xcel Energy's Board?
Ms. Sarah M. Doerr and Mr. David J. Sauser were elected as new directors to Xcel Energy's Board.
When were the new directors' elections effective?
The election of Ms. Sarah M. Doerr and Mr. David J. Sauser was effective as of May 22, 2024.
What other items are covered in this 8-K filing?
The filing also includes information on compensatory arrangements of certain officers and the submission of matters to a vote of security holders.
What is Xcel Energy's state of incorporation?
Xcel Energy Inc. is incorporated in Minnesota.
What is the principal executive office address for Xcel Energy?
The principal executive offices are located at 414 Nicollet Mall, Minneapolis, Minnesota 55401.
Filing Stats: 1,014 words · 4 min read · ~3 pages · Grade level 10.6 · Accepted 2024-05-23 16:51:38
Key Financial Figures
- $2.50 — ange on which registered Common Stock, $2.50 par value per share XEL Nasdaq Stock Ma
Filing Documents
- xel-20240522.htm (8-K) — 65KB
- exhibit1001.htm (EX-10.01) — 37KB
- exhibit1002.htm (EX-10.02) — 77KB
- exhibit1003.htm (EX-10.03) — 49KB
- exhibit1004.htm (EX-10.04) — 37KB
- 0000072903-24-000111.txt ( ) — 464KB
- xel-20240522.xsd (EX-101.SCH) — 2KB
- xel-20240522_def.xml (EX-101.DEF) — 15KB
- xel-20240522_lab.xml (EX-101.LAB) — 26KB
- xel-20240522_pre.xml (EX-101.PRE) — 16KB
- xel-20240522_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. Xcel Energy held its 2024 Annual Meeting of Shareholders on May 22, 2024. At the meeting, shareholders: elected all 13 directors nominated by the Board; approved, on an advisory basis, Xcel Energy's executive compensation as set forth in the 2024 Proxy Statement; approved the 2024 Plan; and ratified the appointment of Deloitte & Touche LLP as Xcel Energy's independent registered public accounting firm for 2024. Set forth below are the final voting results for each of the proposals. Proposal No. 1 — Election of Directors Name For Against Withheld Broker Non-Votes Megan Burkhart 406,188,664 8,864,376 4,705,852 52,010,530 Lynn Casey 413,964,649 4,512,041 1,282,202 52,010,530 Robert Frenzel 397,808,640 20,726,310 1,223,942 52,010,530 Netha Johnson 414,075,654 4,447,870 1,235,368 52,010,530 Patricia Kampling 404,921,915 10,117,007 4,719,970 52,010,530 George Kehl 412,211,407 6,322,629 1,224,856 52,010,530 Richard O'Brien 397,907,959 14,554,760 7,296,173 52,010,530 Charles Pardee 414,072,948 4,470,515 1,215,429 52,010,530 Christopher Policinski 388,594,983 23,895,941 7,267,968 52,010,530 James Prokopanko 413,751,193 4,781,897 1,225,802 52,010,530 Timothy Welsh 416,213,850 2,319,607 1,225,435 52,010,530 Kim Williams 393,911,382 18,495,416 7,352,094 52,010,530 Daniel Yohannes 413,065,107 5,459,278 1,234,507 52,010,530 Proposal No. 2 — Advisory Vote on Executive Compensation (Say on Pay Vote) For Against Abstain Broker Non-Votes 327,887,688 89,832,381 2,038,823 52,010,530 Proposal No. 3 — Approval of the Xcel Energy Inc. 2024 Equity Incentive Plan For Against Abstain Broker Non-Votes 389,539,485 28,446,769 1,772,638 52,010,530 Proposal No. 4 — Ratification of Independent Registered Public Accounting Firm For Against Abstain Broker Non-Votes 454,535,691 15,975,246 1,258,485 —
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Description 10.01 Xcel Energy Inc. Stock Program for Non-Employee Directors (Effective May 22, 2024). 10.02 Form of Award Agreement for Restricted Stock Units and/or Performance Share Units under the Xcel Energy Inc. 2024 Equity Incentive Plan. 10.03 Form of Award Agreement for Retention-Based Restricted Stock Units under the Xcel Energy Inc. 2024 Equity Incentive Plan. 10.04 Form of Award Agreement for Restricted Stock under the Xcel Energy Inc. 2024 Equity Incentive Plan. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. May 23, 2024 Xcel Energy Inc. (a Minnesota corporation) /s/ AMY SCHNEIDER Amy Schneider Vice President, Corporate Secretary and Securities