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 5, 2016

 

Commission file
number

 

Registrant, State of Incorporation or Organization,
Address of Principal Executive Offices, and Telephone Number

 

IRS Employer
Identification No.

 

 

 

 

1-32853

 

DUKE ENERGY CORPORATION

(a Delaware corporation)
550 South Tryon Street
Charlotte, North Carolina 28202-1803
704-382-6200

 

20-2777218

 

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.

 

(e)                                  On April 12, 2016, Duke Energy Corporation (“Duke Energy”) announced that Mr. William E. Currens Jr. has been appointed to the position of Senior Vice President, Chief Accounting Officer and Controller, effective May 16, 2016.  In connection with this promotion, the Compensation Committee of the Board of Directors of Duke Energy, effective as of May 16, 2016, approved an increase in Mr. Currens’ annual base salary from $229,446 to $270,000, an increase in his short-term incentive opportunity from 40% to 50% of his annual base salary, and an increase in his long-term incentive opportunity from 60% to 80% of his annual base salary.  Except as otherwise described in the Form 8-K dated April 12, 2016, Mr. Currens has not entered into, nor were any amendments made to, any material plans, contracts or arrangements in connection with his change in responsibilities.

 

Item 5.07         Submission of Matters to a Vote of Security Holders.

 

(a)                                 The Corporation held its Annual Meeting on May 5, 2016.

 

(b)                                 At the Annual Meeting, shareholders voted on the following items:  (i) election of directors, (ii) ratification of Deloitte & Touche LLP as Duke Energy’s independent registered public accounting firm for 2016, (iii) an advisory vote to approve Duke Energy’s named executive officer compensation, (iv) a shareholder proposal regarding elimination of supermajority voting provisions in Duke Energy’s Certificate of Incorporation, and (v) a shareholder proposal regarding lobbying expenses disclosure.  For more information on the proposals, see Duke Energy’s proxy statement dated March 24, 2016.  Set forth below are the final voting results for each of the proposals.

 

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Election of Director Nominees

 

 

 

 

 

 

 

 

 

Votes Cast FOR

 

Director

 

Votes For

 

Withhold

 

Broker
Non-Votes

 

Votes Cast FOR +
WITHHELD

 

Michael J. Angelakis

 

410,602,050

 

6,533,299

 

162,240,011

 

98.43%

 

Michael G. Browning

 

410,596,969

 

7,983,502

 

162,240,011

 

98.09%

 

Daniel R. DiMicco

 

410,178,930

 

6,956,419

 

162,240,011

 

98.33%

 

John H. Forsgren

 

410,849,610

 

6,285,739

 

162,240,011

 

98.49%

 

Lynn J. Good

 

397,676,061

 

19,459,288

 

162,240,011

 

95.34%

 

Ann Maynard Gray

 

400,957,111

 

16,178,238

 

162,240,011

 

96.12%

 

John T. Herron

 

411,302,671

 

5,832,678

 

162,240,011

 

98.60%

 

James B. Hyler, Jr.

 

410,985,164

 

6,150,185

 

162,240,011

 

98.53%

 

William E. Kennard

 

406,747,048

 

10,388,301

 

162,240,011

 

97.51%

 

E. Marie McKee

 

408,832,401

 

8,302,948

 

162,240,011

 

98.01%

 

Charles W. Moorman IV

 

411,395,596

 

5,739,753

 

162,240,011

 

98.62%

 

Carlos A. Saladrigas

 

407,739,519

 

9,395,830

 

162,240,011

 

97.75%

 

 

Proposal to ratify Deloitte & Touche LLP as Duke Energy’s independent registered public accounting firm for 2016

 

 

 

 

 

 

 

 

 

 

 

Votes Cast FOR

 

 

 

 

 

 

 

 

 

Votes Cast FOR

 

Votes Cast FOR

 

Votes For

 

Votes
Against

 

Abstentions

 

Broker
Non-Votes

 

Votes Cast FOR
+ AGAINST

 

+ AGAINST +
ABSTAIN

 

566,145,561

 

10,823,808

 

2,405,991

 

0

 

98.12%

 

97.72%

 

 

Advisory vote to approve Duke Energy Corporation’s named executive officer compensation

 

 

 

 

 

 

 

 

 

 

 

Votes Cast FOR

 

 

 

 

 

 

 

 

 

Votes Cast FOR

 

Votes Cast FOR 

 

Votes For

 

Votes
Against

 

Abstentions

 

Broker
Non-Votes

 

Votes Cast FOR
+ AGAINST

 

+ AGAINST +
ABSTAIN

 

384,908,575

 

27,061,315

 

5,165,460

 

162,240,011

 

93.43%

 

92.27%

 

 

3



 

Shareholder proposal regarding elimination of supermajority voting provisions in Duke Energy Corporation’s Certificate of Incorporation

 

 

 

 

 

 

 

 

 

 

 

Votes Cast FOR

 

 

 

 

 

 

 

 

 

Votes Cast FOR

 

Votes Cast FOR 

 

Votes For

 

Votes
Against

 

Abstentions

 

Broker
Non-Votes

 

Votes Cast FOR
+ AGAINST

 

+ AGAINST +
ABSTAIN

 

222,442,040

 

187,618,772

 

7,074,538

 

162,240,011

 

54.25%

 

53.33%

 

 

Shareholder proposal regarding lobbying expenses disclosure

 

 

 

 

 

 

 

 

 

 

 

Votes Cast FOR

 

 

 

 

 

 

 

 

 

Votes Cast FOR

 

Votes Cast FOR 

 

Votes For

 

Votes
Against

 

Abstentions

 

Broker
Non-Votes

 

Votes Cast FOR
+ AGAINST

 

+ AGAINST +
ABSTAIN

 

121,419,140

 

232,667,168

 

63,049,041

 

162,240,011

 

34.29%

 

29.11%

 

 

(c)                                  Not applicable.

 

(d)                                 Not applicable.

 

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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.

 

 

DUKE ENERGY CORPORATION

 

 

 

Date: May 10, 2016

By:

/s/ Julia S. Janson

 

Executive Vice President, Chief Legal

 

Officer and Corporate Secretary

 

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