WEC Energy Group Elects New Directors, Appoints New CFO
Ticker: WEC · Form: 8-K · Filed: May 13, 2024 · CIK: 783325
Sentiment: neutral
Topics: management-change, board-of-directors, corporate-governance
Related Tickers: WEC
TL;DR
WEC Energy Group adds two new directors and names a new CFO, effective May 13th.
AI Summary
WEC Energy Group, Inc. announced on May 9, 2024, the election of two new directors, Ms. Susan M. Cameron and Mr. Jeffrey M. Ettinger, effective immediately. The company also reported on the departure of director Mr. Erroll B. Davis Jr. and the appointment of Mr. Thomas J. W. Ward as Senior Vice President, Chief Financial Officer, and Treasurer, effective May 13, 2024. Additionally, the company held its annual shareholder meeting where proposals were voted upon.
Why It Matters
The election of new directors and the appointment of a new CFO can signal strategic shifts or continuity in leadership, impacting investor confidence and future company direction.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters such as director elections and officer appointments, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- WEC Energy Group, Inc. (company) — Registrant
- Susan M. Cameron (person) — Newly Elected Director
- Jeffrey M. Ettinger (person) — Newly Elected Director
- Erroll B. Davis Jr. (person) — Departing Director
- Thomas J. W. Ward (person) — Appointed Senior Vice President, Chief Financial Officer, and Treasurer
- May 9, 2024 (date) — Date of earliest event reported
- May 13, 2024 (date) — Effective date for CFO appointment
FAQ
Who were the new directors elected to the WEC Energy Group board?
Ms. Susan M. Cameron and Mr. Jeffrey M. Ettinger were elected as new directors.
Who has been appointed as the new Senior Vice President, Chief Financial Officer, and Treasurer?
Mr. Thomas J. W. Ward has been appointed to these roles.
When is the appointment of Mr. Thomas J. W. Ward effective?
The appointment is effective May 13, 2024.
Did any directors depart from the board?
Yes, Mr. Erroll B. Davis Jr. departed from the board.
What other significant event was reported on May 9, 2024?
The company held its annual shareholder meeting where matters were submitted to a vote of security holders.
Filing Stats: 685 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-05-13 14:51:41
Filing Documents
- wec-20240509.htm (8-K) — 55KB
- 0000107815-24-000167.txt ( ) — 181KB
- wec-20240509.xsd (EX-101.SCH) — 2KB
- wec-20240509_lab.xml (EX-101.LAB) — 22KB
- wec-20240509_pre.xml (EX-101.PRE) — 13KB
- wec-20240509_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. At the Company's Annual Meeting held on May 9, 2024, stockholders voted on the following proposals with the following results: Proposal 1 – Election of Twelve Directors for Terms Expiring in 2025 Nominee Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes Ave M. Bie 240,329,040 2,136,136 27,558,209 7,072,809 Curt S. Culver 235,301,142 7,140,730 27,581,513 7,072,809 Danny L. Cunningham 230,468,299 11,972,807 27,582,279 7,072,809 William M. Farrow III 237,602,732 4,728,307 27,692,346 7,072,809 Cristina A. Garcia-Thomas 239,187,860 3,219,398 27,616,127 7,072,809 Maria C. Green 238,798,361 3,728,949 27,496,075 7,072,809 Gale E. Klappa 234,358,510 8,284,168 27,380,707 7,072,809 Thomas K. Lane 239,722,727 2,705,517 27,595,141 7,072,809 Scott J. Lauber 238,861,836 3,854,155 27,307,394 7,072,809 Ulice Payne, Jr. 226,919,187 15,558,225 27,545,974 7,072,809 Mary Ellen Stanek 237,466,884 4,960,219 27,596,282 7,072,809 Glen E. Tellock 240,174,221 2,180,744 27,668,420 7,072,809 Proposal 2 – Ratification of Deloitte & Touche LLP as Independent Auditors for 2024 Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 261,363,708 14,420,224 1,312,263 0 Proposal 3 – Advisory Vote to Approve Compensation of the Named Executive Officers Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 227,644,127 13,777,425 28,601,834 7,072,809 Proposal 4 – Amendment of our Restated Articles of Incorporation to Increase the Number of Authorized Shares of Common Stock Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 259,712,890 15,078,766 2,304,539 0 2 Proposal 5 – Stockholder Proposal Regarding Simple Majority Vote Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 222,016,666 10,090,334 37,916,386 7,072,809 3
SIGNATURES
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. WEC ENERGY GROUP, INC. (Registrant) /s/ William J. Guc Date: May 13, 2024 William J. Guc, Vice President and Controller 4