What was the main purpose of this 8-K filing?

The primary purpose of this amended 8-K filing was to officially report the results of an advisory shareholder vote on the frequency of "say on pay" votes, confirming that shareholders opted for an annual frequency.

What is a "say on pay" vote?

A "say on pay" vote is a non-binding shareholder resolution that gives investors an advisory vote on executive compensation packages at a company. It allows shareholders to express their approval or disapproval of the compensation paid to top executives.

What is the significance of the "advisory" nature of this vote?

The "advisory" nature means that while the company must consider the shareholder vote, it is not legally bound to implement the outcome. However, significant shareholder sentiment, as indicated by a majority vote, typically influences company decisions regarding executive compensation.

Will Dominion Energy change its executive compensation practices based on this vote?

This filing specifically addresses the frequency of the advisory vote, not the specific compensation packages themselves. While the vote indicates shareholder preference for annual review of executive pay, it does not mandate changes to current compensation levels without further shareholder action or board decision.

D 8-K: Shareholder Matters

Summary

This amendment to Dominion Energy's 8-K filing from October 2, 2017, provides an update on the outcome of the advisory "say on pay" vote frequency proposal presented at the company's Annual Meeting on May 10, 2017. The filing confirms that a majority of votes cast favored holding the advisory say on pay vote annually. Consequently, Dominion Energy will continue to conduct this advisory vote on an annual basis until the next shareholder determination on the frequency of such votes. This is a routine disclosure following shareholder engagement on executive compensation practices.

Key Highlights

1Dominion Energy held its Annual Meeting on May 10, 2017.
2Shareholders voted on the frequency of future advisory "say on pay" votes.
3A majority of votes cast supported holding the advisory "say on pay" vote annually.
4The company will continue annual advisory "say on pay" votes based on shareholder feedback.
5This decision will remain in effect until the next shareholder vote on frequency.
6The filing is an amendment to a previous report, clarifying the outcome of a specific shareholder proposal.

DOMINION ENERGY, INC 8-K/A Report, Shareholder Vote Results (Oct 2, 2017)

Summary

Key Highlights

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