--- schema_version: "secwatch.filing_event.v1" accession: "0001108426-23-000028" form_type: "8-K" ticker: "TXNM" cik: "0001108426" company_name: "TXNM ENERGY INC" filed_at: "2023-05-10T23:59:59+00:00" generated_at: "2026-06-15T05:49:15.189142+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.55 calibrated_materiality_score: 0.55 confidence: "high" source: SEC EDGAR --- # PNM Resources shareholders approve 2023 Performance Equity Plan allowing up to 2.5M shares ## Summary - 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. ## SEC filing metadata - accession: 0001108426-23-000028 - form_type: 8-K - ticker: TXNM - cik: 0001108426 - company_name: TXNM ENERGY INC - filed_at: 2023-05-10T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.55 - calibrated_materiality_score: 0.55 - confidence: high - sec_items: 5.02, 5.07 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/0001108426-23-000028-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/pnm-20230510.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001108426-23-000028 - JSON: https://secwatch.observer/filing/0001108426-23-000028.json - Plain text: https://secwatch.observer/filing/0001108426-23-000028.txt ## Key facts - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/0001108426-23-000028-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/0001108426-23-000028-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/0001108426-23-000028-index.htm - Shareholder Votes TXNM ENERGY INC shareholders approved Election of nine directors at the 2023-05-09 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-05-09 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/0001108426-23-000028-index.htm - Shareholder Votes 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 source text: 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 evidence_url: https://www.sec.gov/Archives/edgar/data/1108426/000110842623000028/0001108426-23-000028-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.