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Item 5.07. Submission of Matters to a Vote of Security Holders.
Xcel
Energy Inc. (the Company) held its 2017 annual meeting of shareholders on May 17, 2017. At the meeting shareholders:
•
elected all 12 directors nominated by the Board of Directors;
•
approved, on an advisory basis, the frequency of advisory vote on executive compensation to be every year;
•
approved,
on an advisory basis, the Company’s executive compensation as set forth in the 2017 proxy statement;
•
ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2017; and
•
did not approve a shareholder proposal presented at the meeting on the separation of the roles of Chairman and Chief
Executive Officer.
Set forth below are the final voting results for each of the proposals.
Proposal 1 — Election of Directors
Name
Votes For
Votes
Against
Votes
Withheld
Broker
Non-Vote
Gail
K. Boudreaux
369,446,871
4,520,876
1,082,649
64,896,133
Richard K. Davis
350,003,269
23,049,234
1,997,892
64,896,133
Ben
Fowke
366,599,487
5,935,802
2,515,106
64,896,133
Richard T. O’Brien
371,117,538
2,805,075
1,127,784
64,896,133
Christopher
J. Policinski
371,301,455
2,722,025
1,026,916
64,896,133
James T. Prokopanko
371,011,209
2,933,735
1,105,452
64,896,133
A.
Patricia Sampson
361,422,322
10,679,047
2,949,027
64,896,133
James J. Sheppard
371,024,396
2,896,645
1,129,356
64,896,133
David
A. Westerlund
370,364,224
3,503,105
1,183,068
64,896,133
Kim Williams
371,166,042
2,843,741
1,040,614
64,896,133
Timothy
V. Wolf
370,336,609
3,595,145
1,118,643
64,896,133
Daniel Yohannes
370,876,063
3,052,957
1,121,377
64,896,133
Proposal
2 — Advisory vote on frequency of advisory vote on executive compensation.
One Year
Two Years
Three Years
Votes Abstained
Broker
Non-Votes
327,490,929
2,412,684
42,694,956
2,451,319
64,896,641
Proposal 3 — Advisory vote on executive compensation.
Votes
For
Votes Against
Votes Abstained
Broker Non-Votes
357,072,428
14,912,975
3,064,484
64,896,641
Proposal
4 - Proposal to ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2017.
Votes For
Votes Against
Votes Abstained
428,418,699
9,481,746
2,046,085
Proposal
5 — Shareholder proposal on the separation of the role of the Chairman and Chief Executive Officer.
Votes For
Votes Against
Votes Abstained
Broker Non-Votes
70,225,757
301,293,488
3,530,643
64,896,641
As
shown above, the Company’s shareholders voted, in an advisory, non-binding vote, in favor of having a shareholder vote to approve the compensation of the Company's named executive officers every year. Based on these results and consistent with the previous recommendation and determination of Xcel Energy’s Board of Directors, Xcel Energy will hold non-binding advisory votes on executive compensation on an annual basis until the next vote on the frequency of shareholder votes on executive compensation.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
