01—Abstract
Summary
Summary of the 8-K filed May 17, 2024. Cited figures are marked; the original filing is the authoritative source.
PPL Corporation reported in a Form 8-K that its shareowners voted at the Annual Meeting of Shareowners held on May 15, 2024.
All ten director nominees were elected, and each nominee received substantially more votes for than against. Nominees included Arthur P. Beattie, Raja Rajamannar, Heather B.
Redman, Craig A. Rogerson, Vincent Sorgi, Linda G. Sullivan, Natica von Althann, Keith H.
Williamson, Phoebe A. Wood, and Armando Zagalo de Lima. The most support went to Linda G.
Sullivan, with 569,004,771 votes for and 3,408,070 against, while Craig A. Rogerson received the most votes against, at 19,523,106. Shareowners also approved, on an advisory basis, the 2023 compensation of the Company's named executive officers, with 550,664,178 votes for, 20,086,764 against, and 2,781,348 abstaining.
This say-on-pay vote is non-binding and gives investors a direct signal on executive pay. Shareowners ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024, with 638,862,023 votes for, 4,330,680 against, and 1,539,705 abstaining. For investors, the filing shows broad shareowner support for board composition, executive compensation, and auditor selection, with no matters in the filing requiring further action.
02—Key points
Key Highlights
- All ten director nominees were elected at the May 15, 2024 Annual Meeting of Shareowners.
- Linda G. Sullivan received 569,004,771 votes for and 3,408,070 against, the highest support among the nominees.
- Craig A. Rogerson received 552,794,165 votes for and 19,523,106 against, the most opposition among the nominees.
- Shareowners approved, on an advisory basis, the 2023 compensation of the named executive officers, with 550,664,178 votes for and 20,086,764 against.
- Shareowners ratified Deloitte & Touche LLP as the independent registered public accounting firm for the year ending December 31, 2024, with 638,862,023 votes for and 4,330,680 against.
- Broker non-votes of 71,200,118 were recorded for each director nominee.
03—Questions
Frequently Asked Questions
Who was elected to the Board of Directors of PPL Corporation?
Shareowners elected all ten nominees: Arthur P. Beattie, Raja Rajamannar, Heather B. Redman, Craig A. Rogerson, Vincent Sorgi, Linda G. Sullivan, Natica von Althann, Keith H. Williamson, Phoebe A. Wood, and Armando Zagalo de Lima.
Did shareowners approve executive compensation?
Yes. Shareowners approved, on an advisory basis, the 2023 compensation of the Company's named executive officers, with 550,664,178 votes for, 20,086,764 against, and 2,781,348 abstaining.
Which independent auditor did shareowners ratify?
Shareowners ratified Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024, with 638,862,023 votes for, 4,330,680 against, and 1,539,705 abstaining.
Which director nominee received the most opposition?
Craig A. Rogerson received the most votes against among the director nominees, with 19,523,106 votes against and 552,794,165 votes for.
04—Continue