Firstenergy Corp. · NYSE:FE
Firstenergy — Shareholder Meeting (May 2019)
17 slides from Firstenergy's shareholder meeting presentation, May 6, 2019
Slide 1: Corporate Governance Shareholder Outreach & Engagement
May 2019 Corporate Governance Shareholder Outreach & Engagement Energy for a Brighter Future
Slide 2: Our Mission
May 2019 2 We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers’ lives brighter, the environment better and our communities stronger. Customers Environment Diverse Team Forward-Thinking Communities Our Mission
Slide 3: Cautionary Statement: Forward-looking Statements
Cautionary Statement Forward-looking Statements May 2019 3 Forward-Looking Statements: This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on information currently available to management. Unless the context requires
Slide 4: Board and Corporate Governance Practices
May 2019 4 Board and Corporate Governance Practices
Slide 5: Highly Skilled & Diverse Board
May 2019 5 Highly Skilled & Diverse Board We seek to maintain a well-rounded and diverse Board representing a wide breadth of experience and perspectives that balances the institutional knowledge of longer-tenured directors with the fresh perspectives brought by newer directors. Below are highlights
Slide 6: Corporate Governance Best Practices
May 2019 6 Corporate Governance Best Practices Independent Oversight Separate Board Chairman and Chief Executive Officer (our “CEO”) Independent Board Chairman All directors are independent, other than the CEO Board committees are comprised entirely of independent directors Independent directors reg
Slide 7: Governance Related Proposals
May 2019 7 Governance Related Proposals Items 4 – 6 Your Board cannot unilaterally adopt these three proposals because a shareholder vote is necessary under our governing documents. We are once again seeking shareholder approval of the following three management proposals to: replace existing superm
Slide 8: Corporate Responsibility
May 2019 8 Corporate Responsibility
Slide 9: Corporate Responsibility Strategy
May 2019 9 Corporate Responsibility Strategy We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers’ lives brighter, the environment better and our communities stronger Build a sustainable business with... Social and Environmental Employees Em
Slide 10: 2019 Corporate Responsibility Reporting Initiatives
May 2019 10 2019 Corporate Responsibility Reporting Initiatives Climate Report Corporate Responsibility Report What Describes FirstEnergy’s strategies and how they relate to potential risks and opportunities associated with a reduced carbon future Publish a comprehensive Corporate Responsibility Rep
Slide 11: Corporate Responsibility – Facts at a Glance
May 2019 11 Corporate Responsibility – Facts at a Glance Achieved 62%* reduction in CO2 emissions since 2005 Generation fleet carbon emission intensity of 0.49 metric tons/MWh Developed UAS program in which drones are being used to improve safety and efficiency and provide unique services throughout
Slide 12: Diversity & Inclusion (D&I) Overview
May 2019 12 Diversity & Inclusion (D&I) Overview Our strategy is to expand the diverse representation of our team and create an engaging and inclusive work environment where employees feel valued, motivated and empowered to drive FirstEnergy’s business success. Building a Diverse Workforce Hiring pr
Slide 13: Executive Compensation
May 2019 13 Executive Compensation
Slide 14: Our Responses to Shareholder Feedback
May 2019 14 Our Responses to Shareholder Feedback In 2018, we made substantial changes to our compensation programs. Following a strong Say-on-Pay vote in 2018, we maintained the same general structure and design for 2019. In 2017 and 2018, base salaries and target opportunity levels for Section 16
Slide 15: Our Responses to Shareholder Feedback (Continued)
May 2019 15 Our Responses to Shareholder Feedback (Continued) In 2018, we made substantial changes to our compensation programs. Following a strong Say-on-Pay vote in 2018, we maintained the same general structure and design for 2019. Continued a focus on 100% performance-based long-term incentives.
Slide 16: Performance Metrics Align With Company Strategy and Long-Term Shareholder Value
May 2019 16 Performance Metrics Align With Company Strategy and Long-Term Shareholder Value 2018 Performance Metrics How Our Metrics Support Long-Term Growth Initiatives Short-Term Incentive Program Operating Earnings from Regulated Businesses Operations and Maintenance (O&M) Operations Index Safety
Slide 17: Thank You
May 2019 17 Thank You