OGE Energy's solid execution and continued community growth deliver strong shareholder results
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
Trauschke discussed the company's continued focus on delivering reliable and resilient electricity at rates 22% below the national average and 15% below
In voting announced at the meeting,
- 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 PLCPeter D. Clarke , former of-counsel and partner of Jones Day, a law firmCathy R. Gates , former assurance partner ofErnst & Young LLP David L. Hauser , former chairman and chief executive officer ofFairPoint Communications Inc. Luther C. Kissam , IV, partner withBernhard 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 ofOGE Energy Corp. andOG&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
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
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Media Contact: Christi Woodworth, (405) 553-3698; Financial Contact: Jason Bailey, (405) 553-3406