Business Context and Reporting Period
This Form 8-K filing by Black Hills Corporation reports on the results of the Annual Meeting of Shareholders held on April 24, 2018. The filing details the outcomes of three shareholder proposals regarding director elections, auditor ratification, and executive compensation.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
There are no material financial changes reported in this filing. The document solely records the voting results from the shareholder meeting.
Outlook, Risks, and Management Commentary
The filing provides no management commentary on future outlook, risks, contingencies, or unusual items. It strictly reports the final vote tallies for the three proposals submitted at the meeting.
Important Facts for Investors
- Director Elections: Shareholders elected three directors (Michael H. Madison, Linda K. Massman, and Steven R. Mills) to three-year terms expiring in 2021.
- Auditor Ratification: Shareholders approved the appointment of Deloitte & Touche, LLP as the independent registered public accounting firm for 2018.
- Executive Compensation: Shareholders approved, on an advisory and non-binding basis, the compensation of the Company's named executive officers.
- Voting Participation: A quorum of shares was present for the meeting. Broker non-votes were recorded for the director elections and the executive compensation proposal but not for the auditor ratification.