OKLAHOMA
CITY, May 18, 2023 /PRNewswire/ -- OGE Energy
Corp. (NYSE: OGE) virtually held its 2023 Annual Meeting of
Shareholders today, electing its board of directors and acting on a
number of items.
Chairman, President and CEO Sean Trauschke began the
meeting by thanking the company's employees for their unwavering
commitment to the company's customers and communities as they
deliver life-sustaining and life-enhancing products and services.
"I am grateful for our incredible employees whose dedication and
strong execution led to a solid year, particularly when you
consider how weather extremes impacted other parts of the country,"
Trauschke said. "In 2022, we advanced a number of customer
initiatives including continued upgrades and enhancements to the
grid as well a new mobile app and new System Watch outage map. We
look forward to continuing OG&E's rich history in building and
growing communities as we invest in transmission, distribution and
generation to support that growth."
Trauschke discussed the company's continued focus on delivering
reliable and resilient electricity at rates 22% below the national
average and 15% below Texas. He
reflected on fully exiting the midstream natural gas segment in
2022 and the growth that investment provided OG&E, OGE Energy's
electric company subsidiary, over the last 36 years.
In voting announced at the meeting, OGE Energy shareholders:
- Elected 10 members of the company's board of directors to
one-year terms. They are:
-
- Judy R. McReynolds, lead
director, chairman, president and chief executive officer
of ArcBest Corporation.
- Frank A.
Bozich, president and chief executive officer at
Trinseo PLC
- Peter D.
Clarke, former of-counsel and partner of Jones
Day, a law firm
- Cathy R. Gates, former
assurance partner of Ernst & Young LLP
- David L.
Hauser, former chairman and chief executive officer
of FairPoint Communications Inc.
- Luther C. Kissam, IV,
partner with Bernhard Capital Partners
- David E. Rainbolt, executive chairman of BancFirst
Corporation
- J. Michael Sanner, former audit partner of
Ernst & Young LLP
- Sheila G. Talton, president and chief executive
officer of Gray Matter Analytics
- Sean
Trauschke, current chairman, president and chief
executive officer of OGE Energy Corp. and OG&E
- Ratified the appointment of Ernst & Young LLP
as the company's principal independent accountants for
2023;
- Approved, on an advisory basis, the compensation paid to named
executive officers;
- Approved, on an advisory basis, a voting frequency of every
year (annually) on the compensation paid to named executive
officers;
- Did not approve an amendment of the Restated Certificate of
Incorporation to modify supermajority voting provisions, as
it received less than 80% of the outstanding shares of the
Company's common stock required for passage.
Quarterly Dividend Declared
The OGE Energy board of
directors also declared a third quarter dividend of $0.4141 per common share of stock, to be paid
July 28, 2023, to shareholders of
record July 10, 2023. The dividend
was unchanged from the previous quarter.
OGE Energy Corp. is the parent company of OG&E, a regulated
electric company with approximately 890,000 customers in
Oklahoma and western Arkansas.
This news release may contain "forward-looking" statements.
Forward-looking statements are intended to be identified by words
such as "anticipate," "believe," "intend," "plan," "expect,"
"continued," "goal," "may" or similar expressions. Factors
that could affect actual results are listed in the reports filed by
the Company with the Securities and Exchange Commission including
those listed in Risk Factors in the Company's Form 10-K for the
year ended December 31, 2022.
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SOURCE OGE Energy Corp.