8-KShareholder Matters

ENTERGY CORP /DE/ 8-K Report, Shareholder Vote Results (May 4, 2018)

Filed May 4, 2018For Securities:ETR

Summary

This 8-K filing reports on Entergy Corporation's 2018 Annual Meeting of Shareholders held on May 4, 2018. Key outcomes include the re-election of all nine director nominees with strong support from shareholders. The advisory vote on executive compensation was also approved, indicating shareholder confidence in the company's remuneration policies. Furthermore, the selection of Deloitte & Touche LLP as the independent registered public accountants for 2018 was overwhelmingly ratified. However, a notable outcome was the rejection of a shareholder proposal requesting a report on distributed renewable generation resources. This suggests a potential divergence of opinion between management/board and a segment of shareholders regarding renewable energy strategies. The filing also details the committee assignments for the Board of Directors following the meeting, with a focus on maintaining independence among committee members, with the exception of CEO Leo P. Denault.

Key Highlights

  • 1All nine director nominees were overwhelmingly re-elected to serve until the next annual meeting.
  • 2Shareholders approved the advisory vote on Named Executive Officer Compensation.
  • 3The appointment of Deloitte & Touche LLP as the independent auditor for 2018 was ratified with significant support.
  • 4A shareholder proposal requesting a report on distributed renewable generation resources was not approved.
  • 5New committee assignments for the Board of Directors were announced following the annual meeting.
  • 6Most committee members, including all audit committee members, meet NYSE and SEC independence requirements.

Frequently Asked Questions

The primary outcomes were the re-election of all nine director nominees, the approval of executive compensation through an advisory vote, and the ratification of Deloitte & Touche LLP as the independent auditor for 2018. A shareholder proposal regarding renewable energy reporting was not approved.

Yes, all nine director nominees received a substantial majority of the votes cast in favor of their election.

The shareholder proposal submitted by As You Sow regarding a Report on Distributed Renewable Generation Resources did not receive majority support from shareholders and was therefore not approved.

The Audit Committee is chaired by P. J. Condon, the Corporate Governance Committee by B. L. Lincoln, the Executive Committee by L. P. Denault, the Finance Committee by P. L. Frederickson, the Nuclear Committee by K. H. Donald, and the Personnel Committee by K. A. Puckett. The filing lists the full membership for each committee.