Business Context and Reporting Period
This Form 8-K filing by Black Hills Corporation (BKH) reports on the results of the Annual Meeting of Shareholders held on April 28, 2020. The company is incorporated in South Dakota and its common stock trades on the New York Stock Exchange.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes
No material financial changes are reported in this filing. The document details the outcome of shareholder votes on three specific proposals:
- Proposal 1 (Election of Directors): Shareholders elected five directors to staggered terms expiring in 2021, 2022, and 2023. All nominees received significant majority support.
- Proposal 2 (Ratification of Auditors): Shareholders approved the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for 2020.
- Proposal 3 (Executive Compensation): Shareholders approved, on an advisory and non-binding basis, the compensation of the Company's named executive officers.
Guidance, Outlook, and Risks
The filing does not provide management commentary, financial guidance, outlook, or a discussion of risks and contingencies. It strictly reports the voting results of the annual meeting.
Investor Verification Checklist
- Verify the specific terms of office for the newly elected directors (Tony A. Jensen, Kathleen S. McAllister, Rebecca B. Roberts, Teresa A. Taylor, and John B. Vering).
- Review the Company's proxy statement filed on March 13, 2020, for detailed descriptions of the proposals and executive compensation data.
- Confirm the appointment of Deloitte & Touche LLP as the independent auditor for the 2020 fiscal year.