OKLAHOMA
CITY, May 16, 2024 /PRNewswire/ -- OGE Energy
Corp. (NYSE: OGE) virtually held its 2024 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 relentless
pursuit to deliver safe, reliable and resilient electricity to
nearly 900,000 customers every day.
"Our dedicated team's operational execution and commitment to
our customers delivered solid results in 2023," Trauschke said.
"Thanks to our continued customer focus and strong operations as we
leverage our low rates and drive healthy community growth, we
believe the future for OGE Energy is bright. I look forward to what
the rest of 2024 brings."
Trauschke discussed the company's continued grid hardening
efforts delivering improved reliability for customers at the lowest
overall rates in Oklahoma and
Arkansas for the year. He
reflected on the company's sustainable business model, grounded in
low rates that drive economic growth across its service area.
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,
senior advisor 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 2024;
- Approved, on an advisory basis, the compensation paid to named
executive officers;
- The shareholder proposal regarding simple majority vote
received 69% of the votes cast, but only 49% of the outstanding
votes, which is well below 80% of the outstanding votes required to
implement the changes.
Quarterly Dividend Declared
The OGE Energy board of
directors also declared a third quarter dividend of $0.4182 per common share of stock, to be paid
July 26, 2024, to shareholders of
record July 8, 2024. The dividend was
unchanged from the previous quarter.
OGE Energy Corp. is the parent company of OG&E, a regulated
electric company with approximately 900,000 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, 2023.
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SOURCE OGE Energy Corp.
