8-KShareholder Matters

EVERSOURCE ENERGY 8-K Report, Shareholder Vote Results (May 14, 2010)

Filed May 14, 2010For Securities:ES

Summary

This Form 8-K filing from Northeast Utilities (now Eversource Energy) reports on the company's 2010 Annual Meeting of Shareholders, held on May 11, 2010. The primary purpose of the filing is to announce the results of two key shareholder votes: the election of twelve Trustees and the ratification of Deloitte & Touche LLP as the independent auditor for 2010. The meeting achieved quorum with over 142 million shares represented, out of more than 175 million outstanding shares. Investors will note that all twelve nominated Trustees were successfully elected by shareholders, indicating strong support for the current board's composition and leadership. Additionally, the selection of Deloitte & Touche LLP as the independent auditor for the fiscal year 2010 was overwhelmingly ratified by shareholders. These outcomes suggest stability and shareholder confidence in the company's governance and financial oversight for the reporting period.

Key Highlights

  • 1Northeast Utilities held its 2010 Annual Meeting of Shareholders on May 11, 2010.
  • 2Two key proposals were voted on: election of Trustees and ratification of independent auditors.
  • 3Shareholders elected all twelve nominated Trustees to serve until the 2011 Annual Meeting.
  • 4Deloitte & Touche LLP was ratified as the Company's independent auditor for 2010 with significant shareholder approval.
  • 5A quorum was established with 142,064,857 shares represented, out of 175,958,625 outstanding shares as of the record date.
  • 6The vote tallies for individual Trustee nominees show strong support, with 'Shares For' significantly outweighing 'Shares Withheld' and 'Non-Votes'.

Frequently Asked Questions

The primary outcomes were the election of all twelve nominated Trustees and the ratification of Deloitte & Touche LLP as the company's independent auditor for 2010. Both proposals received strong support from shareholders.

Yes, the election of all twelve Trustee nominees indicates that shareholders have confidence in the current leadership and governance structure of Northeast Utilities.

Deloitte & Touche LLP served as Northeast Utilities' independent auditor for 2010, as ratified by the shareholders at the 2010 Annual Meeting.

Shareholder participation was robust, with 142,064,857 common shares represented either in person or by proxy, which constituted a quorum for the meeting. This represented a significant portion of the 175,958,625 shares outstanding.