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Duke Energy Corp. – ‘8-K’ for 5/5/21

On:  Tuesday, 5/11/21, at 4:38pm ET   ·   For:  5/5/21   ·   Accession #:  1104659-21-64570   ·   File #:  1-32853

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/11/21  Duke Energy Corp.                 8-K:5       5/05/21   11:334K                                   Toppan Merrill/FA

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     53K 
 7: R1          Cover                                               HTML     56K 
 9: XML         IDEA XML File -- Filing Summary                      XML     12K 
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 8: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 3: EX-101.DEF  XBRL Definitions -- duk-20210505_def                 XML     77K 
 4: EX-101.LAB  XBRL Labels -- duk-20210505_lab                      XML    106K 
 5: EX-101.PRE  XBRL Presentations -- duk-20210505_pre               XML     74K 
 2: EX-101.SCH  XBRL Schema -- duk-20210505                          XSD     15K 
10: JSON        XBRL Instance as JSON Data -- MetaLinks               27±    36K 
11: ZIP         XBRL Zipped Folder -- 0001104659-21-064570-xbrl      Zip     27K 


‘8-K’   —   Current Report


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 iX:   C:   C:   C:   C:   C:   C:   C:   C: 
 i 0001326160  i false 0001326160 2021-05-05 2021-05-05 0001326160 us-gaap:CommonStockMember 2021-05-05 2021-05-05 0001326160 duk:JuniorSubordinatedDebentures5.125CouponDueJanuary2073Member 2021-05-05 2021-05-05 0001326160 duk:JuniorSubordinatedDebentures5.625CouponDueSeptember2078Member 2021-05-05 2021-05-05 0001326160 duk:DepositoryShareMember 2021-05-05 2021-05-05 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM  i 8-K

 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  i May 5, 2021

 

Commission file
number
Registrant, State of Incorporation or Organization,
Address of Principal Executive Offices, and Telephone Number
IRS Employer
Identification No.
 i 1-32853

 i DUKE ENERGY CORPORATION

(a  i Delaware corporation)

 i 550 South Tryon Street

 i Charlotte,  i North Carolina  i 28202-1803

 i 704- i 382-6200

 i 20-2777218

 

550 South Tryon Street, Charlotte, North Carolina 28202

(Address of Principal Executive Offices, including Zip code)

 

(704) 382-3853

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 i ¨            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 i ¨            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 i ¨            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 i ¨            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))

 

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

 

Title of each class Trading
Symbol(s)
Name of each exchange on which registered
 i Common stock, $0.001 par value  i DUK  i New York Stock Exchange LLC
 i 5.125% Junior Subordinated Debentures due January 15, 2073  i DUKH  i New York Stock Exchange LLC
 i 5.625% Junior Subordinated Debentures due September 15, 2078  i DUKB  i New York Stock Exchange LLC
 i Depositary Shares, each representing a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share  i DUK PR A  i New York Stock Exchange LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company  i ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 C: 

 

 

 

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(e)On March 30, 2021, Duke Energy Corporation (the “Corporation”) announced that Ms. Cynthia S. Lee has been appointed to the position of Vice President, Chief Accounting Officer and Controller, effective May 16, 2021. In connection with this promotion, the Compensation and People Development Committee of the Board of Directors of the Corporation, effective as of May 16, 2021, approved an increase in Ms. Lee’s annual base salary from $195,305 to $300,000, an increase in her short-term incentive opportunity from 30% to 45% of her annual base salary, and an increase in her long-term incentive opportunity from 30% to 75% of her annual base salary. Except as otherwise described in the Form 8-K dated March 30, 2021, Ms. Lee has not entered into, nor were any amendments made to, any material plans, contracts or arrangements in connection with her change in responsibilities.

 

Item 5.07Submission of Matters to a Vote of Security Holders.

 

(a)The Corporation held its Annual Meeting on May 6, 2021.

 

(b)At the Annual Meeting, shareholders voted on the following items: (i) election of directors, (ii) ratification of the appointment of Deloitte & Touche LLP as the Corporation’s independent registered public accounting firm for 2021, (iii) an advisory vote to approve the Corporation’s named executive officer compensation, (iv) an amendment to the Amended and Restated Certificate of Incorporation of Duke Energy Corporation to eliminate supermajority requirements, (v) a shareholder proposal regarding independent board chair, and (vi) a shareholder proposal regarding providing a semiannual report on the Corporation’s political contributions and expenditures. For more information on the proposals, see the Corporation’s proxy statement dated March 23, 2021. Set forth on the following pages are the final voting results for each of the proposals.

 

Election of Director Nominees

 

Director  Votes For   Withheld  

Broker

Non-Votes

  

Votes Cast FOR

Votes Cast FOR

+ WITHHELD

 
Michael G. Browning   440,689,097    59,490,958    149,096,477    88.11% 
Annette K. Clayton   494,785,746    5,394,309    149,096,477    98.92% 
Theodore F. Craver, Jr.   492,406,014    7,774,041    149,096,477    98.45% 
Robert M. Davis   490,837,231    9,342,824    149,096,477    98.13% 
Caroline Dorsa   479,655,580    20,524,475    149,096,477    95.90% 
W. Roy Dunbar   494,438,390    5,741,665    149,096,477    98.85% 
Nicholas C. Fanandakis   494,762,010    5,418,045    149,096,477    98.92% 
Lynn J. Good   459,862,531    40,317,524    149,096,477    91.94% 
John T. Herron   493,765,541    6,414,514    149,096,477    98.72% 
E. Marie McKee   487,802,910    12,377,145    149,096,477    97.53% 
Michael J. Pacilio   494,828,662    5,351,393    149,096,477    98.93% 
Thomas E. Skains   493,723,940    6,456,115    149,096,477    98.71% 
William E. Webster, Jr.   495,010,511    5,169,544    149,096,477    98.97% 

 

Each director nominee was elected to the Board of Directors with the support of a majority of the votes cast.

 

Ratification of Deloitte & Touche LLP as the Corporation’s independent registered public accounting firm for 2021

 

Votes For   Votes Against   Abstain  

Broker

Non-Votes

 

Votes Cast FOR

Votes Cast FOR +

AGAINST

  

Votes Cast FOR

Votes Cast FOR

+ AGAINST

+ ABSTAIN

 
 622,954,578    24,200,791    2,121,163   NA   96.26%   95.94%

 

 C: 

 

 

The ratification of Deloitte & Touche LLP as the Corporation’s independent registered public accounting firm for 2021 received the support of a majority of the shares represented.

 

Advisory vote to approve the Corporation’s named executive officer compensation

 

Votes For   Votes Against   Abstain  

Broker

Non-Votes

  

Votes Cast FOR

Votes Cast FOR

+ AGAINST

  

Votes Cast FOR

Votes Cast FOR

+ AGAINST

+ ABSTAIN

 
 462,907,689    32,526,803    4,745,563    149,096,477    93.43%    92.54% 

 

The advisory vote to approve the Corporation’s named executive officer compensation received the support of a majority of the shares represented.

 

Amendment to the Amended and Restated Certificate of Incorporation of Duke Energy Corporation to eliminate supermajority requirements

 

Votes For   Votes Against   Abstain  

Broker

Non-Votes

  

Votes Cast FOR

Shares Outstanding

 
 485,966,612    10,456,614    3,756,829    149,096,477    63.17% 

 

The amendment to the Amended and Restated Certificate of Incorporation of Duke Energy Corporation to eliminate supermajority requirements failed to receive the support of 80% of the shares outstanding.

 

Shareholder proposal regarding independent board chair

 

Votes For   Votes Against   Abstain  

Broker

Non-Votes

  

Votes Cast FOR

Votes Cast FOR

+ AGAINST

  

Votes Cast FOR

Votes Cast FOR

+ AGAINST

+ ABSTAIN

 
 174,166,803    321,840,204    4,173,048    149,096,477    35.11%    34.82% 

 

The shareholder proposal regarding independent board chair failed to receive the support of a majority of the shares represented.

 

Shareholder proposal regarding providing a semiannual report on the Corporation’s political contributions and expenditures

 

Votes For   Votes Against   Abstain  

Broker

Non-Votes

  

Votes Cast FOR

Votes Cast FOR

+ AGAINST

  

Votes Cast FOR

Votes Cast FOR

+ AGAINST

+ ABSTAIN

 
 257,262,883    238,252,758    4,664,414    149,096,477    51.91%    51.43% 

 

The shareholder proposal regarding providing a semiannual report on the Corporation’s political contributions and expenditures received the support of a majority of the shares represented.

 

(c)Not applicable.

 

(d)Not applicable

 

 C: 

 

 

SIGNATURE

 

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.

 

    DUKE ENERGY CORPORATION
     
Date: May 11, 2021 By: /s/ DAVID S. MALTZ
    David S. Maltz
    Vice President, Legal, Chief Governance Officer and Assistant Corporate Secretary

 

 C: 

 

 C: 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
5/16/21
Filed on:5/11/213,  4
5/6/213,  4,  DEF 14A,  PRE 14A
For Period end:5/5/214
3/30/218-K
3/23/21DEF 14A,  DEFA14A
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/08/21  Duke Energy Corp.                 424B5                  1:579K                                   Toppan Merrill/FA
 6/07/21  Duke Energy Corp.                 424B5                  1:533K                                   Toppan Merrill/FA
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