Summary
This filing is an amendment (8-K/A) to a previous Current Report on Form 8-K filed by Sempra Energy on May 18, 2011. The original filing reported on the voting results from the company's 2011 Annual Meeting of Shareholders held on May 13, 2011. This amendment specifically addresses the action taken by Sempra's Board of Directors at their June 14, 2011 meeting regarding the frequency of future shareholder advisory votes on executive compensation.
Key Highlights
- 1The filing is an amendment to a previous 8-K report concerning the 2011 Annual Meeting of Shareholders.
- 2The amendment clarifies the Board of Directors' decision on the frequency of shareholder advisory votes on executive compensation.
- 3Shareholders previously voted at the Annual Meeting in favor of holding advisory votes on executive compensation every year.
- 4Based on the shareholder vote and the Board's recommendation, the Board of Directors has officially determined to hold these advisory votes on an annual basis.
- 5This decision aligns with the outcome of the shareholder advisory vote on compensation frequency.
Frequently Asked Questions
This filing is an amendment to a previous 8-K report. Its primary purpose is to formally report the decision made by Sempra Energy's Board of Directors on June 14, 2011, regarding the frequency of future shareholder advisory votes on executive compensation.
At the 2011 Annual Meeting, shareholders adopted an advisory vote indicating their preference for the company to conduct future advisory votes on executive compensation on a yearly basis.
Following the shareholder vote and their own recommendation, the Board of Directors formally determined to hold future advisory votes on the compensation of named executive officers on an annual basis.
The decision was made by the Board of Directors at their regular meeting on June 14, 2011.