MGE ENERGY INC 8-K

What Happened
MGE Energy, Inc. (MGEE) filed an 8-K reporting results from its Annual Meeting of Shareholders held May 19, 2026. Shareholders elected three Class I directors—James G. Berbee, Londa J. Dewey and Angela S. Rieger—for terms expiring at the 2029 annual meeting, ratified PricewaterhouseCoopers LLP as the 2026 independent registered public accounting firm, and approved an advisory vote on executive compensation.

Key Details

• Director elections (terms expiring 2029):
  • James G. Berbee: For 21,071,638; Against 451,915; Abstained 247,806; Broker non-votes 4,534,547.
  • Londa J. Dewey: For 20,822,325; Against 674,656; Abstained 274,378; Broker non-votes 4,534,547.
  • Angela S. Rieger: For 21,179,826; Against 330,755; Abstained 260,778; Broker non-votes 4,534,547.
• Auditor ratification: PricewaterhouseCoopers LLP ratified — For 25,526,278; Against 531,389; Abstained 248,239.
• Advisory vote on executive compensation: For 20,105,054; Against 1,166,451; Abstained 499,854; Broker non-votes 4,534,547.
• Voting limitation note: MGE Energy’s charter limits votes for any shareholder owning over 10% (excess shares vote at 1/100th); this limitation was applied to two shareholders and is reflected in the counts above.

Why It Matters
These outcomes confirm board continuity and shareholder support for the company’s auditor and executive pay practices, which are relevant to governance oversight and accounting continuity. The charter’s 10% voting cap (applied to two holders) can affect voting power dynamics, an important factor for investors watching governance and control issues.