--- schema_version: "secwatch.filing_event.v1" accession: "0000874761-23-000034" form_type: "8-K" ticker: "AES" cik: "0000874761" company_name: "AES CORP" filed_at: "2023-04-24T23:59:59+00:00" generated_at: "2026-06-16T20:43:00.775427+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.3 calibrated_materiality_score: 0.3 confidence: "high" source: SEC EDGAR --- # AES Corp. amends bylaws for director removal; shareholders approve exec compensation, reject termination pay proposal ## Summary - Bylaws amended to allow director removal with or without cause by majority vote at special meeting. - All ten director nominees elected with strong support (range ~559M to ~579M votes for). - Advisory vote on executive compensation passed with 562M for vs 19M against. - Non-binding proposal to subject termination pay to stockholder approval failed (68.9M for, 514.1M against). - Ernst & Young LLP ratified as independent auditor for 2023 with 604.9M votes for. ## SEC filing metadata - accession: 0000874761-23-000034 - form_type: 8-K - ticker: AES - cik: 0000874761 - company_name: AES CORP - filed_at: 2023-04-24T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.3 - calibrated_materiality_score: 0.3 - confidence: high - sec_items: 5.03, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/874761/000087476123000034/0000874761-23-000034-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/874761/000087476123000034/aes-20230420.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000874761-23-000034 - JSON: https://secwatch.observer/filing/0000874761-23-000034.json - Plain text: https://secwatch.observer/filing/0000874761-23-000034.txt ## Key facts - Governance Changes AES CORP: Amendments to Amended and Restated Bylaws clarifying director removal with or without cause and other ministerial changes (effective 2023-04-20). - Change: bylaw amendment - Effective: 2023-04-20 source text: On April 20, 2023, the Board of Directors (the “Board”) of The AES Corporation (the “Company”) approved certain amendments to the Company's Amended and Restated Bylaws (the “Bylaws”), including clarifying that a director may be removed with or without cause, at any time, by the affirmative vote of the holders of record of a majority of all the shares of capital stock entitled to vote at a special meeting of the stockholders called for such purpose and other ministerial amendments and related conforming changes (the “Amendments”). The Amendments became effective immediately upon adoption by the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/874761/000087476123000034/0000874761-23-000034-index.htm - Shareholder Votes AES CORP shareholders approved Proposal 1: The election of ten directors, each to hold office for a one-year term expiring at the annual meeting of stockholders to be held in 2024 at the 2023-04-20 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-04-20 source text: Proposal 1 : The election of ten directors, each to hold office for a one-year term expiring at the annual meeting of stockholders to be held in 2024: Director Name For Against Broker Non-Votes Abstain Janet G. Davidson 577,195,011 2,659,377 25,325,445 4,002,063 Andrés R. Gluski 577,429,201 2,205,168 25,325,445 4,222,082 Tarun Khanna 568,455,066 9,308,830 25,325,445 6,092,555 Holly K. Koeppel 559,255,440 20,603,610 25,325,445 3,997,401 Julia M. Laulis 577,929,884 1,924,724 25,325,445 4,001,843 Alain Monié 572,704,213 6,926,000 25,325,445 4,226,238 John B. Morse, Jr. 568,943,552 10,680,194 25,325,445 4,232,705 Moisés Na í m 574,861,981 4,453,895 25,325,445 4,450,575 Teresa M. Sebastian 577,173,950 2,683,446 25,325,445 3,999,055 Maura Shaughnessy 579,250,620 600,673 25,325,445 4,005,158 evidence_url: https://www.sec.gov/Archives/edgar/data/874761/000087476123000034/0000874761-23-000034-index.htm - Shareholder Votes AES CORP shareholders rejected Proposal 5 : Non-binding stockholder proposal to subject termination pay to stockholder approval. at the 2023-04-20 meeting. - Outcome: failed - Meeting: 2023-04-20 source text: Proposal 5 : Non-binding stockholder proposal to subject termination pay to stockholder approval. For: 68,927,391 Against: 514,089,950 Abstain: 839,110 Broker Non-Votes: 25,325,445 evidence_url: https://www.sec.gov/Archives/edgar/data/874761/000087476123000034/0000874761-23-000034-index.htm - Shareholder Votes AES CORP shareholders approved Proposal 4 : Ratification of the appointment of Ernst & Young LLP as the independent auditor of the Company for fiscal year 2023. at the 2023-04-20 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-04-20 source text: Proposal 4 : Ratification of the appointment of Ernst & Young LLP as the independent auditor of the Company for fiscal year 2023. For: 604,873,082 Against: 4,088,671 Abstain: 220,143 Broker Non-Votes: 0 evidence_url: https://www.sec.gov/Archives/edgar/data/874761/000087476123000034/0000874761-23-000034-index.htm - Shareholder Votes AES CORP shareholders approved Proposal 3 : Approval, on an advisory basis, of the frequency of future advisory votes on the Company’s executive compensation. at the 2023-04-20 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-04-20 source text: Proposal 3 : Approval, on an advisory basis, of the frequency of future advisory votes on the Company’s executive compensation. One Year: 578,459,083 Two Years: 262,600 Three Years: 4,866,624 Abstain: 268,144 Broker Non-Votes: 25,325,445 evidence_url: https://www.sec.gov/Archives/edgar/data/874761/000087476123000034/0000874761-23-000034-index.htm - Shareholder Votes AES CORP shareholders approved Proposal 2 : Approval, on an advisory basis, of the Company’s executive compensation. at the 2023-04-20 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-04-20 source text: Proposal 2 : Approval, on an advisory basis, of the Company’s executive compensation. For: 562,463,366 Against: 19,431,004 Abstain: 1,962,081 Broker Non-Votes: 25,325,445 evidence_url: https://www.sec.gov/Archives/edgar/data/874761/000087476123000034/0000874761-23-000034-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.