OGE holds annual meeting of shareholders
In voting announced at the annual meeting,
- Elected 10 members of the company's board of directors to one-year terms:
Frank A. Bozich , president and chief executive officer at theSI Group, Inc. He has been a director ofOGE Energy sinceFebruary 2016 .James H. Brandi , former managing director ofBNP Paribas Securities Corp. , was re-elected. He has been a director ofOGE Energy sinceFebruary 2010 .Luke R. Corbett , former chairman and chief executive officer of Kerr-McGee, was re-elected. He has been a director ofOGE Energy sinceDecember 1996 .John D. Groendyke , chairman of the board and chief executive officer ofGroendyke Transport Inc. , was re-elected. He has been a director ofOGE Energy sinceJanuary 2003 .David L. Hauser , former chairman and chief executive officer ofFairPoint Communications Inc. He has been a director ofOGE Energy sinceJuly 2015 .Kirk Humphreys , chairman and manager ofThe Humphreys Company LLC , was re-elected. He has been a director ofOGE Energy sinceNovember 2007 .Robert O. Lorenz , retired partner of the Arthur Andersen accounting firm, was re-elected. He has been a director ofOGE Energy sinceJuly 2005 .Judy R. McReynolds , chairman, president and chief executive officer ofArcBest Corporation , was re-elected. She has been a director ofOGE Energy sinceJuly 2011 .Sheila G. Talton , president and chief executive officer of Gray Matter Analytics, was re-elected. She has been a director ofOGE Energy sinceSeptember 2013 ;Sean Trauschke , current chairman, president and chief executive officer ofOGE Energy Corp. andOG&E , was re-elected. He has been a director ofOGE Energy sinceMay 2015 .
- Ratified the appointment of
Ernst & Young LLP as the company's principal independent accountants for 2016; - Approved, on an advisory basis, the compensation paid to named executive officers;
- Did not approve by the required 80 percent vote an amendment to the restated certificate of incorporation to eliminate supermajority voting provisions; and
- Rejected by a large margin a shareholder proposal regarding distributed generation.
Some of the matters discussed in this news release may contain forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements are intended to be identified in this document by the words "anticipate", "believe", "estimate", "expect", "intend", "objective", "plan", "possible", "potential", "project" and similar expressions. Actual results may vary materially. Factors that could cause actual results to differ materially include, but are not limited to: general economic conditions, including the availability of credit, access to existing lines of credit, access to the commercial paper markets, actions of rating agencies and their impact on capital expenditures; the ability of the Company and its subsidiaries to access the capital markets and obtain financing on favorable terms as well as inflation rates and monetary fluctuations; prices and availability of electricity, coal, natural gas and natural gas liquids; the timing and extent of changes in commodity prices, particularly natural gas and natural gas liquids, the competitive effects of the available pipeline capacity in the regions
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SOURCE
Kathleen O'Shea, (405) 553-3395; or Financial Contact: Todd Tidwell, (405) 553-3966