AES CORP — fact timeline

AES CORP incurred senior notes of $600,000,000 aggregate principal amount at 5.200% per annum maturing July 15, 2029.

“completed its previously announced offering of $600,000,000 aggregate principal amount of its 5.200% Senior Notes due 2029”

AES CORP amended Thirty-Second Supplemental Indenture with Deutsche Bank Trust Company Americas (effective 2026-06-16).

“The Notes were issued on June 16, 2026 pursuant to a Senior Indenture, dated as of December 8, 1998 (the “Base Indenture”), as amended and supplemented by a ninth supplemental indenture, dated as of April 3, 2003 (the “Ninth Supplemental Indenture”) and the thirty-second supplemental indenture, dated as of June 16, 2026 (the “Thirty-Second Supplemental Indenture”, and together with the Base Indenture and the Ninth Supplemental Indenture, the “Indenture”), between AES and Deutsche Bank Trust Company Americas, as successor to Wells Fargo Bank, N.A. and Bank One, National Association (formerly known as The First National Bank of Chicago), as Trustee.”

AES CORP entered into Underwriting Agreement with J.P. Morgan Securities, LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc., as representatives of the several underwriters (effective 2026-06-11).

“the Company entered into an Underwriting Agreement (the “Underwriting Agreement”), dated June 11, 2026, among AES and J.P. Morgan Securities, LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc., as representatives of the several underwriters listed in Schedule A to the Underwriting Agreement.”

AES CORP shareholders rejected Non-binding stockholder proposal regarding stockholder ability to call a special meeting at the 2026-04-29 meeting.

“Proposal 4 : A non-binding stockholder proposal regarding stockholder ability to call a special meeting. For: 172,348,730 Against: 322,918,277 Abstain: 2,106,857 Broker Non-Votes: 71,601,507”

AES CORP shareholders approved Ratification of the appointment of Ernst & Young LLP as the independent auditor of the Company for fiscal year 2026 at the 2026-04-29 meeting.

“Proposal 3 : Ratification of the appointment of Ernst & Young LLP as the independent auditor of the Company for fiscal year 2026. For: 560,408,498 Against: 7,791,622 Abstain: 775,251 Broker Non-Votes: 0”

AES CORP shareholders approved Approval, on an advisory basis, of the Company's executive compensation at the 2026-04-29 meeting.

“Proposal 2 : Approval, on an advisory basis, of the Company's executive compensation. For: 475,793,626 Against: 20,179,586 Abstain: 1,400,652 Broker Non-Votes: 71,601,507”

AES CORP shareholders approved Election of nine directors at the 2026-04-29 meeting.

“Proposal 1 : The election of nine directors, each to hold office for a one-year term expiring at the annual meeting of stockholders to be held in 2027. Director Name For Against Broker Non-Votes Abstain Gerard M. Anderson 466,163,142 30,428,273 71,601,507 782,449 Inderpal S. Bhandari 489,500,883 6,687,223 71,601,507 1,185,758 Janet G. Davidson 489,000,158 7,624,122 71,601,507 749,584 Andrés R. Gluski 488,185,169 8,373,990 71,601,507 814,705 Holly K. Koeppel 480,112,131 16,523,865 71,601,507 737,868 Julie M. Laulis 488,112,822 8,458,904 71,601,507 802,138 Alain Monié 489,144,636 7,441,654 71,601,507 787,574 Moisés Naím 482,278,738 14,291,601 71,601,507 803,414 Teresa M. Sebastian 484,373,303 12,213,321 71,601,507 787,202”

AES CORP amended Barclays First Amendment with Barclays Bank PLC valued at Amendment to Letter of Credit Agreement modifying change of control provisions (effective 2026-03-16).

“(iii) Amendment No. 1 to the Letter of Credit Agreement (the “Barclays First Amendment”) on March 16, 2026, by and among the Company and Barclays Bank PLC, as the bank, which amends that certain Letter of Credit Agreement, dated as of December 8, 2025, by and among the Company, as account party, and Barclays Bank PLC, as the bank”

AES CORP amended SMBC First Amendment with Sumitomo Mitsui Banking Corporation valued at Amendment to Credit Agreement modifying change of control provisions (effective 2026-03-16).

“(ii) First Amendment to Credit Agreement (the “SMBC First Amendment”) on March 16, 2026, by and among the Company, the lenders party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent, which amends that certain Credit Agreement, dated as of December 6, 2024, by and among the Company, as borrower, the lenders party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent”

AES CORP amended Citi Second Amendment with Citibank, N.A. valued at Amendment to Eighth Amended and Restated Credit Agreement modifying change of control provisions (effective 2026-03-13).

“the Company entered into (i) Amendment No. 2 to the Credit Agreement (the “Citi Second Amendment”) on March 13, 2026, by and among the Company, the lenders party thereto and Citibank, N.A., as administrative agent, which amends that certain Eighth Amended and Restated Credit Agreement, dated as of September 24, 2021, by and among the Company, as borrower, the lenders from time to time party thereto and Citibank, N.A., as administrative agent”

AES CORP entered into Agreement and Plan of Merger with Horizon Parent, L.P. and Horizon Merger Sub, Inc. valued at $15.00 in cash (effective 2026-03-01).

“On March 1, 2026, The AES Corporation (the “Company” or “AES”) entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Horizon Parent, L.P., a Delaware limited partnership (“Parent”), and Horizon Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”).”

AES CORP announced a impairment with charges of $250 million to $325 million affecting Maritza power plant in Bulgaria.

“The AES Corporation’s (“AES”) Maritza power plant in Bulgaria is operating under a Power Purchase Agreement (“PPA”) that expires in May 2026. Although negotiations are underway for a new PPA and other alternatives to realize additional value are being considered, no agreements have been reached. Further, in the fourth quarter of 2025, the Company made the decision not to invest in a conversion of the plant to an alternative fuel source. The Company has determined that collectively, these events represent an impairment indicator during the fourth quarter of 2025. An analysis was performed and as a result, a reduction in the Maritza assets’ useful life was deemed appropriate, and it was determined that the carrying value was not recoverable. In connection with these developments, on January 13, 2026, the Company concluded that a pre-tax impairment charge in the range of $250 million to $325 million is required to be recognized as of December 31, 2025, in accordance with U.S. generally ac”

AES CORP incurred senior notes of $800,000,000 aggregate principal amount at 5.800% per annum maturing March 15, 2032.

“On March 20, 2025, The AES Corporation (the "Company" or "AES") completed its previously announced offering of $800,000,000 aggregate principal amount of its 5.800% Senior Notes due 2032 (the "Notes").”

AES CORP reported that prior financial statements should not be relied upon.

“On March 6, 2025, the management of The AES Corporation (the "Company") and subsequently its Audit Committee, concluded that the Company’s unaudited Condensed Consolidated Statements of Operations for the second and third quarters of 2024 (collectively, the "Restated Periods"), previously reported in its Quarterly Reports on Form 10-Q for the three and six months ended June 30, 2024 and the three and nine months ended September 30, 2024, should no longer be relied upon.”

AES CORP: Amended and Restated By-Laws to modify notice procedures for stockholder nominations, including changes to ownership disclosure requirements and removal of certain disclosure requirements (effective 2024-10-03).

“On October 3, 2024, the Board of Directors (the “Board”) of The AES Corporation (the “Company”), after consideration of recent Delaware court decisions and management’s recommendation of August 2024, adopted amendments to the Company’s Amended and Restated By-Laws (the “Amended and Restated By-Laws”), effective immediately, which include, among other things, certain changes to the notice procedures by which stockholders may recommend nominees for election to the Board.”

AES CORP: Amended bylaws to modify stockholder nomination notice procedures, including ownership disclosure requirements (effective 2024-10-03).

“On October 3, 2024, the Board of Directors (the “Board”) of The AES Corporation (the “Company”), after consideration of recent Delaware court decisions and management’s recommendation of August 2024, adopted amendments to the Company’s Amended and Restated By-Laws (the “Amended and Restated By-Laws”), effective immediately, which include, among other things, certain changes to the notice procedures by which stockholders may recommend nominees for election to the Board. Specifically, the amendments to the notice procedures adopted by the Board modify the ownership disclosure requirements, including with respect to derivative securities, and removed the requirement to disclose certain interests and relationships of the proposing person(s).”

AES CORP reported the year ended December 31, 2023 results: net income ($182) million, EPS $0.34. Guidance raised.

“On February 26, 2024, The AES Corporation (“AES” or the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2023.”

Inderpal S. Bhandari was appointed as Director at AES CORP.

“On January 18, 2024, the Board of Directors (the “Board”) of The AES Corporation (the “Company”) approved the appointment of Mr. Inderpal S. Bhandari to serve as a director on the Board, effective January 18, 2024 .”

AES CORP reported third quarter 2023 results: net income 291 million, EPS 0.32.

“Third quarter 2023 Net Income was $291 million, a decrease of $155 million compared to third quarter 2022.”

AES CORP reported the quarter ended June 30, 2023 results: net income ($19) million, EPS ($0.06). Guidance reaffirmed.

“On August 3, 2023, The AES Corporation (“AES” or the “Company”) issued a press release announcing its financial results for the quarter and year ended June 30, 2023.”

Ricardo Manuel Falú was appointed as Senior Vice President and Chief Operating Officer at AES CORP.

“On July 21, 2023, the Board appointed Ricardo Manuel Falú to serve as AES’ Senior Vice President and COO, effective July 24, 2023.”

Bernerd Da Santos changed role as Chief Operating Officer at AES CORP.

“Bernerd Da Santos, currently serving as Executive Vice President, Chief Operating Officer ("COO") and President of AES’ Renewables Strategic Business Unit ("SBU"), will step down from his position as COO, effective July 24, 2023”

Gerard M. Anderson was elected as Director at AES CORP.

“elected Mr. Gerard M. Anderson to the Board, effective July 17, 2023.”

AES CORP incurred senior notes of $900,000,000 aggregate principal amount at 5.450% per annum maturing June 1, 2028.

“On May 17, 2023, The AES Corporation (the “Company” or “AES”) completed its previously announced offering of $900,000,000 aggregate principal amount of its 5.450% Senior Notes due 2028 (the “Notes”).”

AES CORP entered into "Twenty-Eighth Supplemental Indenture" with Deutsche Bank Trust Company Americas, as Trustee valued at $900,000,000 aggregate principal amount of its 5.450% Senior Notes due 2028 (effective 2023-05-17).

“The Notes were issued on May 17, 2023 pursuant to a Senior Indenture, dated as of December 8, 1998 (the “Base Indenture”), as amended and supplemented by a ninth supplemental indenture, dated as of April 3, 2003 (the “Ninth Supplemental Indenture”) and the twenty-eighth supplemental indenture, dated as of May 17, 2023 (the “Twenty-Eighth Supplemental Indenture"”

AES CORP entered into "Underwriting Agreement" with J.P. Morgan Securities LLC and Barclays Capital Inc., as representatives of the several underwriters (effective 2023-05-15).

“In connection with the issuance of the Notes, the Company entered into an Underwriting Agreement (the “Underwriting Agreement”), dated May 15, 2023, among AES and J.P. Morgan Securities LLC and Barclays Capital Inc., as representatives of the several underwriters listed in Schedule A to the Underwriting Agreement.”

AES CORP reported for the quarter ended March 31, 2023 results: net income $189 million, EPS $0.21. Guidance reaffirmed.

“On May 4, 2023, The AES Corporation (“AES” or the “Company”) issued a press release announcing its financial results for the quarter and year ended March 31, 2023.”

AES CORP: Amendments to Amended and Restated Bylaws clarifying director removal with or without cause and other ministerial changes (effective 2023-04-20).

“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.”

AES CORP shareholders rejected Proposal 5 : Non-binding stockholder proposal to subject termination pay to stockholder approval. at the 2023-04-20 meeting.

“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”

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 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”

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 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”

AES CORP shareholders approved Proposal 2 : Approval, on an advisory basis, of the Company’s executive compensation. at the 2023-04-20 meeting.

“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”

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 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”

AES CORP reported the quarter and year ended December 31, 2022 results: EPS Diluted EPS of ($0.82), Adjusted EPS of $1.67. Guidance initiated.

“Diluted EPS of ($0.82), compared to ($0.62) in 2021”

AES CORP updated its the quarter and year ended September 30, 2022 guidance (raised).

“On November 4, 2022, The AES Corporation (“AES” or the “Company”) issued a press release announcing its financial results for the quarter and year ended September 30, 2022.”

Lisa Krueger departed as Executive Vice President and President, U.S. and Utilities SBU at AES CORP.

“On January 25, 2022, The AES Corporation (the “Company”) and Lisa Krueger mutually determined that Ms. Krueger will cease to serve in her role as the Company’s Executive Vice President and President, U.S. and Utilities SBU on January 25, 2022 in connection with an internal reorganization.”

Stephen Coughlin was appointed as Executive Vice President and Chief Financial Officer at AES CORP.

“On September 21, 2021, the Board of Directors (the “Board”) of the Company appointed Stephen Coughlin to serve as the Company’s Executive Vice President and Chief Financial Officer, effective October 15, 2021.”

Gustavo Pimenta resigned as Executive Vice President and Chief Financial Officer at AES CORP.

“On September 20, 2021, Gustavo Pimenta, Executive Vice President and Chief Financial Officer of The AES Corporation (the “Company”), notified the Company of his decision to resign from his position to join Vale S.A. as its Chief Financial Officer.”

Maura Shaughnessy was elected as Director at AES CORP.

“On July 15, 2021, the Board of Directors (the “Board”) of The AES Corporation (the “Company”) elected Maura Shaughnessy to the Board, effective immediately, and appointed her to the Financial Audit Committee and Innovation and Technology Committee of the Board.”