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$POR·8-K

PORTLAND GENERAL ELECTRIC CO /OR/ · Apr 28, 4:31 PM ET

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PORTLAND GENERAL ELECTRIC CO /OR/ 8-K

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Portland General Electric Reports 2026 Annual Meeting Vote Results

What Happened
Portland General Electric Company (POR) filed an 8-K reporting the results of its 2026 virtual annual meeting of shareholders held on April 24, 2026 in Portland, Oregon. As of the record date (February 23, 2026) there were 115,727,037 shares outstanding and 102,250,589 shares were represented at the meeting. All nine director nominees were elected, shareholders approved the advisory (non-binding) vote on executive compensation ("say-on-pay"), and ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the year ending December 31, 2026.

Key Details

  • Record and attendance: 115,727,037 shares outstanding (Feb 23, 2026); 102,250,589 shares represented at the meeting.
  • Director elections (For / Against / Abstain / Broker Non-votes):
    • Robert Hoglund: 93,021,105 / 165,036 / 75,287 / 8,989,161
    • Marie Oh Huber: 92,372,002 / 816,737 / 72,689 / 8,989,161
    • Renée J. James: 92,835,134 / 355,347 / 70,947 / 8,989,161
    • Michael Lewis: 93,067,434 / 117,822 / 76,172 / 8,989,161
    • Michael Millegan: 92,225,480 / 956,064 / 79,884 / 8,989,161
    • John O'Leary: 93,065,712 / 119,535 / 76,181 / 8,989,161
    • Maria Pope: 93,080,560 / 110,861 / 70,007 / 8,989,161
    • Patricia Salas Pineda: 92,702,617 / 488,439 / 70,372 / 8,989,161
    • James Torgerson: 92,263,788 / 921,132 / 76,508 / 8,989,161
  • Say-on-pay (advisory): 89,407,192 for, 3,687,634 against, 166,602 abstentions; 8,989,161 broker non-votes.
  • Auditor ratification: Deloitte & Touche LLP ratified with 99,598,669 for, 2,583,672 against, 68,248 abstentions.

Why It Matters

  • Investors can read these results as confirmation that the current board slate and auditor will continue for the coming year; all nominees were elected and Deloitte was ratified.
  • The advisory approval of executive compensation (say-on-pay) indicates shareholder support for the company's named executive officer pay practices in a non-binding vote, which the board typically considers when setting future compensation.
  • The reported broker non-votes and abstentions show the level of unvoted shares on some proposals; these figures affect vote totals for non-routine items and are useful when assessing shareholder engagement.

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