8-K
filed May 24, 2023, 7:59 PM ET
ticker FE
CIK 0001031296
leadership
confidence high
sentiment neutral
materiality 0.40
FirstEnergy director Jesse Lynn departs; Brian Tierney appointed to board effective June 1
FIRSTENERGY CORP
- Jesse Lynn chose not to stand for re-election to FirstEnergy board at 2023 annual meeting due to reducing commitments.
- Brian X. Tierney appointed to board effective June 1, 2023; previously named President and CEO.
- Shareholders reelected 10 directors, ratified PwC, approved say-on-pay and annual frequency for advisory votes.
- Management proposal to lower special meeting threshold approved; two shareholder proposals rejected.
- Annual meeting held virtually; preliminary voting results subject to final certification.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brian X. Tierney was appointed as Director at FIRSTENERGY CORP.
- Action
- appointed
- Role
- Director
Exact text from the filing
Also, on May 24, 2023, at the recommendation of the Corporate Governance, Corporate Responsibility and Political Oversight Committee, the Board appointed Mr. Brian X. Tierney as a director of the Company, effective June 1, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jesse A. Lynn departed as Director at FIRSTENERGY CORP.
- Action
- not stand for re-election
- Role
- Director
Exact text from the filing
On May 24, 2023, Jesse A. Lynn, a member of the Board of Directors (the “Board”) of FirstEnergy Corp. (the “Company”), provided notice to the Company that he would not stand for re-election as a member of the Board at the Company’s 2023 annual meeting of shareholders (the “Annual Meeting”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FIRSTENERGY CORP shareholders approved Approve, on an advisory basis, the frequency of future advisory votes to approve named executive officer compensation. at the 2023-05-24 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Item 4 - Approve, on an advisory basis, the frequency of future advisory votes to approve named executive officer compensation. Item 4 received the following vote: Number of Votes Every Year Every 2 Years Every 3 Years Abstentions Broker Non-Votes 468,727,650 1,831,498 5,522,864 2,211,955 39,207,114
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FIRSTENERGY CORP shareholders approved Approve, on an advisory basis, named executive officer compensation. at the 2023-05-24 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Item 3 – Approve, on an advisory basis, named executive officer compensation. Item 3 was approved and received the following vote:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FIRSTENERGY CORP shareholders rejected Shareholder proposal requiring shareholder ratification of executive termination pay. at the 2023-05-24 meeting.
- Proposal
- auditor ratification
- Outcome
- failed
- Meeting
- 2023-05-24
Exact text from the filing
Item 6 - Shareholder proposal requiring shareholder ratification of executive termination pay. Item 6 was not approved and received the following vote:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FIRSTENERGY CORP shareholders approved Approve an amendment to the Amended and Restated Code of Regulations to reduce the percentage of shares required to call a special meeting of shareholders. at the 2023-05-24 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Item 5 – Approve an amendment to the Amended and Restated Code of Regulations to reduce the percentage of shares required to call a special meeting of shareholders. Item 5 was approved and received the following vote:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FIRSTENERGY CORP shareholders approved Election of Directors at the 2023-05-24 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Item 1 – The following persons were elected to the Company’s Board for a term expiring at the Annual Meeting of Shareholders in 2024 and until their successors shall have been elected:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FIRSTENERGY CORP shareholders approved Ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the 2023 fiscal year. at the 2023-05-24 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-24
Exact text from the filing
Item 2 – Ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the 2023 fiscal year. Item 2 was approved and received the following vote:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
FIRSTENERGY CORP shareholders rejected Shareholder proposal requesting the formation of a new Board committee to oversee decarbonization risk. at the 2023-05-24 meeting.
- Outcome
- failed
- Meeting
- 2023-05-24
Exact text from the filing
Item 7 – Shareholder proposal requesting the formation of a new Board committee to oversee decarbonization risk. Item 7 was not approved and received the following vote.
View on SEC.gov
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