Business Context and Reporting Period
Company: Portland General Electric Company
Filing Type: Form 8-K (Current Report)
Date of Report: April 18, 2025
Event: Submission of Matters to a Vote of Security Holders at the 2025 Annual Meeting of Shareholders held virtually in Portland, Oregon.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
Shareholder Participation:
- Shares issued and outstanding (Record Date: Feb 18, 2025): 109,503,224
- Shares represented at meeting: 101,522,606
- Broker non-votes: 5,062,244
All 10 nominees were elected. Voting results were as follows:
| Nominee | For | Against | Abstain |
|---|---|---|---|
| Dawn Farrell | 96,116,256 | 250,140 | 93,966 |
| Marie Oh Huber | 95,922,471 | 449,390 | 88,501 |
| Kathryn Jackson, PhD | 94,668,313 | 1,707,696 | 84,353 |
| Michael Lewis | 96,144,489 | 232,123 | 83,750 |
| Michael Millegan | 95,510,689 | 863,826 | 85,847 |
| John O'Leary | 96,153,125 | 224,197 | 83,040 |
| Patricia Pineda | 96,069,902 | 299,722 | 90,738 |
| Maria Pope | 96,110,798 | 260,993 | 88,571 |
| James Torgerson | 96,133,947 | 241,986 | 84,429 |
Shareholders approved the advisory vote on executive compensation.
- For: 94,306,974
- Against: 1,797,961
- Abstain: 355,427
Shareholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the year ending December 31, 2025.
- For: 97,720,087
- Against: 3,692,624
- Abstain: 109,895
Guidance, Outlook, and Risks
The filing text does not provide management commentary, financial guidance, outlook, risks, contingencies, or unusual items. The report is limited to the disclosure of voting outcomes.
Key Facts for Investor Verification
- Board Composition: Verify the new board composition following the election of all 10 nominees.
- Auditor Tenure: Confirm Deloitte & Touche LLP's continued engagement for the fiscal year ending December 31, 2025.
- Shareholder Sentiment: Note the "Against" vote for Kathryn Jackson, PhD (1,707,696 votes), which was significantly higher than other nominees, potentially indicating specific shareholder concerns regarding this director.
- Compensation Approval: Confirm the high approval rate for executive compensation (approx. 97.5% of votes cast).