UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  May 28, 2010

 

Commission
File Number

 


Exact name of registrant as specified in its charter

 

IRS Employer
Identification No.

 

 

 

 

 

1-12869

 

CONSTELLATION ENERGY GROUP, INC.

 

52-1964611

 

MARYLAND

(State of Incorporation of registrant)

 

100 CONSTELLATION WAY, BALTIMORE, MARYLAND

 

21202

(Address of principal executive office)

 

(Zip Code)

 

410-783-2800

(Registrant’s telephone number, including area code)

 

NOT APPLICABLE

(Former name, former address
and former fiscal year, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 5.02.              Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

On May 28, 2010, the shareholders of Constellation Energy Group, Inc. (“Constellation Energy”) approved an amendment and restatement of the 2007 Long-Term Incentive Plan (the “LTIP”) to increase, by 9 million shares, the number of shares of common stock that may be delivered pursuant to awards under the LTIP.  In addition, shareholders approved an extension of the termination date of the LTIP from May 18, 2017 to May 28, 2020 (the tenth anniversary of the shareholder approval date).  The number of shares available for issuance in connection with restricted stock, restricted stock unit, performance unit and equity awards and dividend equivalents did not increase and the additional 9 million shares will be available for issuance in connection with stock option and stock appreciation rights awards only.  There were no other material changes to the terms of the LTIP.

 

A copy of the amended and restated LTIP is filed as an exhibit and is incorporated herein by reference.

 

Item 5.07               Submission of Matters to a Vote of Security Holders

 

On May 28, 2010, Constellation Energy held its annual meeting of shareholders. At that meeting, the following matters were voted upon:

 

1.               Directors nominated by Constellation Energy were elected to serve for a term to expire in 2011 and until their successors are duly elected and qualified as follows:

 

 

 

Common Shares

 

 

 

For

 

Against

 

Abstain

 

Broker
Non-Votes

 

Yves C. de Balmann

 

147,308,291

 

4,792,588

 

376,155

 

16,530,691

 

Ann C. Berzin

 

150,013,185

 

2,207,289

 

256,560

 

16,530,691

 

James T. Brady

 

144,811,448

 

7,290,008

 

375,578

 

16,530,690

 

Daniel Camus

 

148,431,520

 

3,543,261

 

502,252

 

16,530,692

 

James R. Curtiss

 

146,406,143

 

3,052,972

 

3,017,916

 

16,530,693

 

Freeman A. Hrabowski III

 

144,055,555

 

8,150,423

 

271,055

 

16,530,691

 

Nancy Lampton

 

144,768,642

 

7,485,390

 

222,998

 

16,530,694

 

Robert J. Lawless

 

145,663,556

 

6,427,959

 

385,519

 

16,530,691

 

Mayo A. Shattuck III

 

142,804,416

 

9,179,099

 

493,517

 

16,530,692

 

John L. Skolds

 

149,857,482

 

2,237,414

 

382,137

 

16,530,691

 

Michael D. Sullivan

 

144,015,154

 

7,961,837

 

499,621

 

16,530,691

 

 

2



 

2.               The ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2010 was approved as follows:

 

Common Shares

 

For

 

Against

 

Abstain

 

166,474,455

 

2,316,590

 

216,678

 

 

3.               The amendment and restatement of the 2007 Long-Term Incentive Plan was approved as follows:

 

Common Shares

 

For

 

Against

 

Abstain

 

Broker Non-
Votes

 

98,068,304

 

53,697,804

 

710,918

 

16,530,699

 

 

4.               The shareholder proposal requesting shareholders to approve an amendment to Constellation Energy’s bylaws that would require the Chairman of the Board to be independent was not approved as follows:

 

Common Shares

 

For

 

Against

 

Abstain

 

Broker Non-
Votes

 

27,869,186

 

123,940,088

 

671,925

 

16,530,698

 

 

Item 9.01.              Financial Statements and Exhibits

 

(d)           Exhibits

 

Exhibit No.

 

Description

 

 

 

10.1

 

Amended and Restated 2007 Long-Term Incentive Plan.

 

3



 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934 the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

 

 

 

CONSTELLATION ENERGY GROUP, INC.

 

 

(Registrant)

 

 

 

 

 

 

Date:

June 4, 2010

 

/s/ Charles A. Berardesco

 

 

 

Charles A. Berardesco

 

 

 

Senior Vice President and General Counsel

 

4



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

10.1

 

Amended and Restated 2007 Long-Term Incentive Plan.

 

5