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ENTERGY CORP /DE/ 8-K Report, Shareholder Vote Results (May 9, 2016)

Filed May 9, 2016For Securities:ETR

Summary

This 8-K filing from Entergy Corporation details the results of its 2016 Annual Meeting of Shareholders held on May 6, 2016. The primary outcomes for investors include the election of eleven directors, the ratification of Deloitte & Touche LLP as the independent registered public accountants for 2016, and an advisory vote on executive compensation. All directors were overwhelmingly approved, and the independent auditors were ratified with substantial support, signaling shareholder confidence in the company's governance and financial oversight. Notably, a shareholder proposal regarding a distributed generation/greenhouse gas emissions report was not approved by the shareholders. Additionally, the filing announces the retirement of Lead Director Gary W. Edwards and the appointment of Stuart L. Levenick as the new Lead Director for a three-year term. These changes in board leadership are important for understanding the ongoing governance structure of Entergy.

Key Highlights

  • 1All eleven nominated directors were overwhelmingly elected by shareholders to serve until the next annual meeting.
  • 2Shareholders ratified the selection of Deloitte & Touche LLP as Entergy's independent registered public accountants for 2016.
  • 3An advisory vote on Named Executive Officer Compensation received strong shareholder approval.
  • 4A shareholder proposal requesting a report on distributed generation and greenhouse gas emissions was not approved.
  • 5Lead Director Gary W. Edwards retired from the Board of Directors, having served since 2005.
  • 6Stuart L. Levenick was appointed as the new Lead Director for a three-year term.

Frequently Asked Questions

Yes, Gary W. Edwards, the Lead Director, retired from the Board. Stuart L. Levenick, a board member since 2005, was appointed as the new Lead Director for a three-year term.

Shareholders approved the advisory vote on Named Executive Officer Compensation with a significant majority voting in favor, indicating general shareholder satisfaction with the compensation practices.

No, the shareholder proposal submitted by As You Sow regarding a distributed generation/greenhouse gas emissions report was not approved by the shareholders.

The selection of Deloitte & Touche LLP as Entergy's independent registered public accountants for 2016 was ratified by shareholders with a substantial majority voting in favor.