WEC Energy Group Corrects Share Vote Counts in 8-K Filing
Ticker: WEC · Form: 8-K/A · Filed: Jul 8, 2024 · CIK: 783325
Sentiment: neutral
Topics: amendment, voting-correction, shareholder-meeting
Related Tickers: WEC
TL;DR
WEC Energy Group fixed its vote count errors on 3 key proposals, reclassifying millions of shares.
AI Summary
WEC Energy Group, Inc. filed an amendment (8-K/A) on July 8, 2024, to correct its May 9, 2024, 8-K filing. The amendment corrects the vote counts for Proposals 1, 3, and 5, reclassifying approximately 24,020,000 shares from abstentions to broker non-votes and approximately 6,400 shares from abstentions to 'FOR' votes.
Why It Matters
This filing corrects reporting errors related to shareholder votes, ensuring accurate representation of voting outcomes for key company proposals.
Risk Assessment
Risk Level: low — The filing is an amendment to correct previous reporting errors and does not introduce new risks or material changes to the company's operations or financial standing.
Key Numbers
- 24,020,000 — Shares reclassified (Broker non-votes previously misreported as abstentions.)
- 6,400 — Shares reclassified ('FOR' votes previously misreported as abstentions.)
Key Players & Entities
- WEC Energy Group, Inc. (company) — Filer of the 8-K/A
- May 9, 2024 (date) — Date of the original 8-K filing
- July 8, 2024 (date) — Date of the 8-K/A filing
- 24,020,000 (dollar_amount) — Number of shares reclassified as broker non-votes
- 6,400 (dollar_amount) — Number of shares reclassified as 'FOR' votes
FAQ
What specific proposals were affected by the vote count correction?
Proposals 1, 3, and 5 were affected by the vote count correction.
What was the original filing date of the Form 8-K being amended?
The original Form 8-K was filed on May 9, 2024.
How many shares were incorrectly attributed to abstentions and are now broker non-votes?
Approximately 24,020,000 shares were incorrectly attributed to abstentions and are now classified as broker non-votes.
How many shares were incorrectly attributed to abstentions and are now 'FOR' votes?
Approximately 6,400 shares were incorrectly attributed to abstentions and are now classified as 'FOR' votes.
What is the purpose of this 8-K/A filing?
The purpose is to amend and restate Item 5.07 of the Original Form 8-K to correct the reporting of broker non-votes and 'FOR' votes that were incorrectly attributed to abstentions.
Filing Stats: 757 words · 3 min read · ~3 pages · Grade level 10.1 · Accepted 2024-07-08 11:38:45
Filing Documents
- wec-20240509.htm (8-K/A) — 48KB
- 0000107815-24-000185.txt ( ) — 178KB
- wec-20240509.xsd (EX-101.SCH) — 2KB
- wec-20240509_lab.xml (EX-101.LAB) — 23KB
- 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 240,335,459 2,136,137 3,538,202 31,086,397 Curt S. Culver 235,307,561 7,140,730 3,561,507 31,086,397 Danny L. Cunningham 230,474,718 11,972,807 3,562,273 31,086,397 William M. Farrow III 237,609,151 4,728,307 3,672,340 31,086,397 Cristina A. Garcia-Thomas 239,194,278 3,219,399 3,596,121 31,086,397 Maria C. Green 238,804,779 3,728,950 3,476,069 31,086,397 Gale E. Klappa 234,364,928 8,284,169 3,360,701 31,086,397 Thomas K. Lane 239,729,145 2,705,518 3,575,135 31,086,397 Scott J. Lauber 238,868,255 3,854,155 3,287,388 31,086,397 Ulice Payne, Jr. 226,925,605 15,558,225 3,525,968 31,086,397 Mary Ellen Stanek 237,473,303 4,960,219 3,576,276 31,086,397 Glen E. Tellock 240,180,640 2,180,745 3,648,413 31,086,397 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 227,650,545 13,777,425 4,581,828 31,086,397 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 259,712,891 15,078,767 2,304,537 0 2 Proposal 5 – Stockholder Proposal Regarding Simple Majority Vote Shares Voted For Shares Voted Against Shares Abstained Broker Non-Votes 222,023,084 10,090,335 13,896,379 31,086,397 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: July 8, 2024 William J. Guc, Vice President and Controller 4