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Duke Energy CEO Discusses Company Performance, Future Growth, Coal Ash Management At Annual Shareholders' Meeting

Stocks in this article: DUK





CHARLOTTE, N.C., May 1, 2014 /PRNewswire/ -- CEO Lynn Good discussed Duke Energy's 2013 performance, future growth strategies and actions taken on coal ash management at the company's annual shareholders' meeting today.

New Duke Energy logo.

Good also fielded questions on a range of topics during a one-hour portion of the meeting dedicated to shareholder inquiries and comments.

Shareholders overwhelmingly re-elected all 15 members of Duke Energy's board of directors who were up for re-election. Term length is one year.

Two members of the current 17-member member board – William Barnet and Philip Sharp – were not up for re-election because they are retiring from the board, per the company's director retirement policy and corporate governance principles.

Shareholders approved two management proposals:

  • "Amendment to Duke Energy Corporation's amended and restated certificate of incorporation to authorize shareholder action by less than unanimous written consent."
  • "Advisory vote to approve Duke Energy Corporation's named executive officer compensation."

Shareholders also approved a shareholder proposal – "Shareholder proposal regarding shareholder right to call a special shareholder meeting."

Shareholders rejected a second shareholder proposal – "Shareholder proposal regarding political contribution disclosure."

Details on all four proposals appear in the company's March 20, 2014 proxy, available at: http://www.duke-energy.com/pdfs/Proxy_Statement_2014.pdf.

An audio replay of the 90-minute meeting is available at: http://www.media-server.com/m/p/gurqq9rm.

Duke Energy Duke Energy is the largest electric power holding company in the United States with approximately $115 billion in total assets. Its regulated utility operations serve approximately 7.2 million electric customers located in six states in the Southeast and Midwest. Its commercial power and international energy business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States.

Headquartered in Charlotte, N.C., Duke Energy is a Fortune 250 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available at: www.duke-energy.com



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