8-K
filed May 10, 2023, 7:59 PM ET
ticker TXNM
CIK 0001108426
other material
confidence high
sentiment neutral
materiality 0.55
PNM Resources shareholders approve 2023 Performance Equity Plan allowing up to 2.5M shares
TXNM ENERGY INC
- Shareholders approved 2023 Performance Equity Plan authorizing up to 2,500,000 common shares for awards.
- Non-employee directors each received 2,700 restricted stock rights vesting in one year.
- All nine director nominees elected; KPMG ratified as auditor for 2023 with strong shareholder support.
- Say-on-pay advisory vote approved (~95% of votes cast); shareholders recommended annual frequency.
- PNMR will hold advisory vote on executive compensation every year until next frequency vote in 2030.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TXNM ENERGY INC shareholders approved Approval of 2023 Performance Equity Plan (PEP) at the 2023-05-09 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
PNMR's shareholders approved the 2023 PEP, by the vote indicated below: Votes For Votes Against Abstentions Broker Non-Votes 65,982,311 946,089 121,698 8,265,498
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TXNM ENERGY INC shareholders approved Advisory vote on frequency of future advisory votes on executive compensation at the 2023-05-09 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
PNMR's shareholders recommended, on an advisory basis, that PNMR conduct future shareholder advisory votes on named executive officers compensation every year, by the vote indicated below: 1 Year 2 Years 3 Years Abstentions Broker Non-Votes 65,011,806 62,571 1,884,367 91,354 8,265,498
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TXNM ENERGY INC shareholders approved Ratification of KPMG LLP as independent auditors at the 2023-05-09 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
The appointment of KPMG LLP to serve as PNMR’s independent public accountants for the year ending December 31, 2023, was ratified by PNMR’s shareholders by the vote indicated below: Votes For Votes Against Abstentions 75,001,544 261,513 52,539
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TXNM ENERGY INC shareholders approved Election of nine directors at the 2023-05-09 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
The following nine nominees were elected to PNMR’s Board of Directors to serve as directors for a one-year term that expires at PNMR’s Annual Meeting of Shareholders to be held in 2024. The votes cast with respect to the nine nominees presented at the Meeting were as follows: Nominees Votes For Votes Against Abstentions Broker Non-Votes Vicky A. Bailey 65,467,835 1,513,174 69,089 8,265,498 Norman P. Becker 65,977,030 993,027 80,041 8,265,498 Patricia K. Collawn 65,934,152 1,046,188 69,758 8,265,498 E. Renae Conley 65,881,756 1,099,234 69,108 8,265,498 Alan J. Fohrer 65,834,494 1,138,753 76,851 8,265,498 Sidney M. Gutierrez 66,880,735 95,285 74,078 8,265,498 James A. Hughes 65,409,960 1,563,052 77,086 8,265,498 Maureen T. Mullarkey 65,974,430 1,003,886 71,782 8,265,498 Donald K. Schwanz 66,416,034 556,348 77,716 8,265,498
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
TXNM ENERGY INC shareholders approved Advisory vote on executive compensation at the 2023-05-09 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-09
Exact text from the filing
PNMR's shareholders approved, on an advisory basis, the compensation of PNMR’s NEOs, by the vote indicated below: Votes For Votes Against Abstentions Broker Non-Votes 64,371,800 2,540,624 137,674 8,265,498
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.