8-KShareholder Matters

CONSOLIDATED EDISON INC 8-K Report, Shareholder Vote Results (May 20, 2015)

Filed May 20, 2015For Securities:ED

Summary

This Form 8-K filing by Consolidated Edison, Inc. (Con Edison) reports on the outcomes of its Annual Meeting of Stockholders held on May 18, 2015. The primary focus is on the voting results for the election of directors, the ratification of the independent auditor, and an advisory vote on executive compensation. The filing indicates strong support for the re-election of all director nominees and the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2015. Additionally, the filing details the advisory vote on executive compensation, which also received a majority of shareholder approval, though with a higher number of votes against and abstentions compared to the director elections and auditor ratification. For Consolidated Edison Company of New York, Inc. (CECONY), the results mirrored those of the parent company, with the election of trustees aligning with the directors elected for Con Edison.

Key Highlights

  • 1All incumbent directors of Consolidated Edison, Inc. were re-elected at the May 18, 2015 Annual Meeting.
  • 2Stockholders overwhelmingly ratified the appointment of PricewaterhouseCoopers LLP as the company's independent accountants for 2015.
  • 3An advisory vote on the compensation of named executive officers received majority shareholder approval.
  • 4The voting results for directors, auditor ratification, and executive compensation are detailed in the filing.
  • 5Broker non-votes were noted in the executive compensation vote, representing shares held by brokers that were not voted on the proposal.
  • 6The Board of Trustees for Consolidated Edison Company of New York, Inc. (CECONY) were elected with the same individuals serving on Con Edison's Board of Directors.

Frequently Asked Questions

The main topics voted on were the election of directors, the ratification of the appointment of PricewaterhouseCoopers LLP as the independent accountants, and an advisory vote to approve named executive officer compensation.

Yes, all incumbent directors were re-elected with a significant majority of votes cast in favor.

Shareholders overwhelmingly ratified the appointment of PricewaterhouseCoopers LLP, with a very large majority of shares voted in favor of the ratification.

The advisory vote to approve named executive officer compensation received majority shareholder approval, though with a higher percentage of 'against' and abstention votes compared to the director elections and auditor ratification.