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MGE Energy Notification of Material News
MADISON, Wis.--(BUSINESS WIRE)-- MGE Energy, Inc. (Nasdaq: MGEE) will announce today: Item 5.07. Submission of Matters to a Vote of Security Holders. MGE
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[{"type":"text","content":" MADISON, Wis.--(BUSINESS WIRE)--\nMGE Energy, Inc. (Nasdaq: MGEE) will announce today:\n\n\nItem 5.07. Submission of Matters to a Vote of Security Holders.\n\n\nMGE Energy's Annual Meeting of Shareholders was held on May 19, 2020. The results of voting on each of the matters submitted to a vote of security holders during the annual meeting were as follows:\n\n\n1. Election of three Class I Directors with terms of office expiring at the 2023 annual meeting of shareholders.\n\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\nFor Votes\n\n\n\n \n\n\n\nWithhold Votes\n\n\n\n \n\n\n\nBroker Non-Votes\n\n\n\n \n\n\n\n\n\n \n\n\n\nJames G. Berbee\n\n\n\n \n\n\n\n22,579,071\n\n\n\n \n\n\n\n546,454\n\n\n\n \n\n\n\n5,312,507\n\n\n\n \n\n\n\n\n\n \n\n\n\nLonda J. Dewey\n\n\n\n \n\n\n\n22,665,438\n\n\n\n \n\n\n\n460,087\n\n\n\n \n\n\n\n5,312,507\n\n\n\n \n\n\n\n\n\n \n\n\n\nThomas R. Stolper\n\n\n\n \n\n\n\n22,620,391\n\n\n\n \n\n\n\n505,134\n\n\n\n \n\n\n\n5,312,507\n\n\n\n \n\n\n\n\n\nNo votes were cast for any other nominee. The directors continuing in office are:\n\n\n\n\n \n\n\n\nClass II Directors\n\n\n\n \n\n\n\nClass III Directors\n\n\n\n \n\n\n\n\n\n \n\n\n\nTerm Expires 2021\n\n\n\n \n\n\n\nTerm Expires 2022\n\n\n\n \n\n\n\n\n\n \n\n\n\nMarcia M. Anderson\n\n\n\n \n\n\n\nMark D. Bugher\n\n\n\n \n\n\n\n\n\n \n\n\n\nJeffrey M. Keebler\n\n\n\n \n\n\n\nF. Curtis Hastings\n\n\n\n \n\n\n\n\n\n \n\n\n\nGary J. Wolter\n\n\n\n \n\n\n\nJames L. Possin\n\n\n\n \n\n\n\n\n\n2. Approval of MGE Energy's 2021 long term incentive plan.\n\n\n\n\n \n\n\n\nFor Votes\n\n\n\n \n\n\n\nAgainst Votes\n\n\n\n \n\n\n\nAbstained\n\n\n\n \n\n\n\nBroker Non-Votes\n\n\n\n \n\n\n\n\n\n \n\n\n\n21,832,774\n\n\n\n \n\n\n\n916,671\n\n\n\n \n\n\n\n376,080\n\n\n\n \n\n\n\n5,312,507\n\n\n\n \n\n\n\n\n\nAs described in the Proxy Statement, the votes \"For\" must exceed the votes cast \"Against\" at the meeting in order to approve the 2021 Long-Term Incentive Plan. Abstentions and broker nonvotes do not have any effect. Below are the percentages of the votes cast either \"For\" or \"Against\" approval of MGE Energy's 2021 Long-Term Incentive Plan.\n\n\n\n\n \n\n\n\nFor\n\n\n\n \n\n\n\nAgainst\n\n\n\n \n\n\n\n\n\n \n\n\n\n96%\n\n\n\n \n\n\n\n4%\n\n\n\n \n\n\n\n\n\n3. Ratification of selection of PricewaterhouseCoopers LLP to serve as MGE Energy's independent registered public accountin...