CenterPoint Energy reports 2023 annual shareholder meeting results

Rhea-AI Summary

On April 24, 2023, CenterPoint Energy, Inc. (NYSE: CNP) reported the outcomes of its annual shareholder meeting. Key decisions include:

• The election of nine board members, including Wendy Montoya Cloonan and Christopher H. Franklin, for one-year terms.
• The ratification of Deloitte & Touche LLP as the independent auditor for 2023.
• Approval of an advisory resolution on executive compensation rights.
• Future 'say-on-pay' advisory votes on executive compensation will occur annually.

CenterPoint Energy operates as Texas's sole investor-owned electric and gas utility, serving over 7 million customers across six states, with assets totaling approximately $38 billion as of December 31, 2022.

Positive

• Election of a diverse board of directors, enhancing governance.
• Ratification of Deloitte & Touche LLP, indicating strong audit oversight.
• Approval of annual advisory votes on executive compensation, improving shareholder engagement.

Negative

• None.

HOUSTON, April 24, 2023 /PRNewswire/ -- CenterPoint Energy, Inc. (NYSE: CNP) announced the results of the voting by shareholders at its 2023 annual meeting. Shareholders approved the following proposals:

• The election of Wendy Montoya Cloonan, Earl M. Cummings, Christopher H. Franklin, David J. Lesar, Raquelle W. Lewis, Martin H. Nesbitt, Theodore F. Pound, Phillip R. Smith, and Barry T. Smitherman to serve on the company's Board of Directors for one-year terms; 
• The ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for 2023;
• An advisory resolution on the compensation paid to the company's named executive officers as disclosed in the proxy statement; and
• Holding future "say-on-pay" advisory votes on executive compensation on an annual basis.

About CenterPoint Energy
As the only investor-owned electric and gas utility based in Texas, CenterPoint Energy, Inc. (NYSE: CNP) is an energy delivery company with electric transmission and distribution, power generation and natural gas distribution operations that serve more than 7 million metered customers in Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. As of December 31, 2022, the company owned approximately $38 billion in assets. With approximately 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.

For more information contact
Media:
Communications
Media.Relations@CenterPointEnergy.com
Investors:
Jackie Richert
Phone   713.207.6500

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SOURCE CenterPoint Energy, Inc.

FAQ

What were the results of the 2023 CenterPoint Energy shareholder meeting?

The 2023 CenterPoint Energy shareholder meeting approved the election of nine board members, ratified Deloitte & Touche LLP as the auditor, and established annual 'say-on-pay' votes.

Who were elected to CenterPoint Energy's Board of Directors in 2023?

Wendy Montoya Cloonan, Earl M. Cummings, Christopher H. Franklin, David J. Lesar, Raquelle W. Lewis, Martin H. Nesbitt, Theodore F. Pound, Phillip R. Smith, and Barry T. Smitherman were elected.

What is the significance of the advisory resolution on executive compensation at CNP?

The advisory resolution allows shareholders to voicing their opinions on executive pay, which CenterPoint Energy will address annually.

When was the CenterPoint Energy's shareholder meeting held?

The CenterPoint Energy shareholder meeting took place on April 24, 2023.