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Strong votes at Duke Energy (DUK) meeting, but supermajority removal fails

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Form Type
8-K

Rhea-AI Filing Summary

Duke Energy Corporation reported the final voting results from its Annual Meeting of Shareholders held on May 7, 2026. All nominated directors were elected, generally receiving between about 89% and over 99% of votes cast in favor, indicating broad shareholder support for the existing board.

Shareholders also approved three key management proposals. Deloitte & Touche LLP was ratified as independent auditor for 2026 with 639,757,086 votes for and 28,434,117 against. The advisory vote on named executive officer compensation passed with 496,884,668 votes for and 26,030,663 against. A management proposal to amend the certificate of incorporation to eliminate supermajority voting requirements received 516,664,589 votes for, representing 66.39% of shares outstanding, and therefore failed to meet the required 80% approval threshold.

Positive

  • None.

Negative

  • None.
Item 5.07 Submission of Matters to a Vote of Security Holders Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Auditor ratification for votes 639,757,086 votes For ratification of Deloitte & Touche LLP as 2026 auditor
Auditor ratification against votes 28,434,117 votes Against ratification of Deloitte & Touche LLP for 2026
Say-on-pay for votes 496,884,668 votes For advisory approval of named executive officer compensation
Say-on-pay against votes 26,030,663 votes Against advisory approval of named executive officer compensation
Charter amendment for votes 516,664,589 votes For eliminating supermajority voting requirements
Charter amendment support level 66.39% Percent of shares outstanding voting for supermajority elimination; 80% required
Annual Meeting of Shareholders financial
"Duke Energy Corporation (the “Corporation”) held its Annual Meeting of Shareholders (the “Annual Meeting”) on May 7, 2026."
A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.
independent registered public accounting firm financial
"ratification of the appointment of Deloitte & Touche LLP as the Corporation’s independent registered public accounting firm for 2026"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
advisory vote financial
"an advisory vote to approve the Corporation’s named executive officer compensation"
An advisory vote is a shareholder poll that expresses investors’ approval or concern about a company’s policy, executive pay, board decisions or other governance matters but does not legally force the company to act. Think of it like a customer survey: it signals investor sentiment and can pressure management to change course, so investors watch the result as a guide to future governance, risk and potential shifts in strategy.
supermajority voting requirements financial
"a management proposal regarding an amendment ... to eliminate supermajority voting requirements"
broker non-votes financial
"Broker Non-Votes | | 143,394,191"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
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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 7, 2026

 

Commission file
number

Exact Name of Registrant as Specified in its Charter, State or other Jurisdiction
of Incorporation, Address of Principal Executive Offices, Zip Code, and
Registrant’s Telephone Number, Including Area Code

IRS Employer
Identification No.
   
1-32853

DUKE ENERGY CORPORATION

(a Delaware corporation)

525 South Tryon Street

Charlotte, North Carolina 28202

800-488-3853

 

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:

 

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

 

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

 

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

 

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

 

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

 

Registrant Title of each class Trading
Symbol(s)
Name of each exchange on
which registered
Duke Energy Common Stock, $0.001 par value DUK New York Stock Exchange LLC
Duke Energy 5.625% Junior Subordinated Debentures due September 15, 2078 DUKB New York Stock Exchange LLC
Duke Energy Depositary Shares each representing a 1/1,000th interest in a share of 5.75% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.001 per share DUK PR A New York Stock Exchange LLC
Duke Energy 3.10% Senior Notes due 2028 DUK 28A New York Stock Exchange LLC
Duke Energy 3.85% Senior Notes due 2034 DUK 34 New York Stock Exchange LLC
Duke Energy 3.75% Senior Notes due 2031 DUK 31A New York Stock Exchange LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

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

 

(a)Duke Energy Corporation (the “Corporation”) held its Annual Meeting of Shareholders (the “Annual Meeting”) on May 7, 2026.
  
(b)At the Annual Meeting, shareholders voted on the following items: (i) election of directors; (ii) ratification of the appointment of Deloitte & Touche LLP as the Corporation’s independent registered public accounting firm for 2026; (iii) an advisory vote to approve the Corporation’s named executive officer compensation; and (iv) a management proposal regarding an amendment to the Amended and Restated Certificate of Incorporation of Duke Energy Corporation to eliminate supermajority voting requirements. For more information on the proposals, see the Corporation’s Definitive Proxy Statement on Schedule 14A filed with the Securities Exchange Commission on March 20, 2026. Set forth are the final voting results for each of the proposals.

 

· Proposal No. 1 – Election of Director Nominees

 

Director  For  Against  Abstain  Broker
Non-Votes
  Votes Cast FOR
Votes Cast FOR
+ AGAINST
 
Derrick Burks  519,072,978  6,335,896  1,748,453  143,394,191   98.79%
Annette K. Clayton  519,917,387  5,631,105  1,608,835  143,394,191   98.93%
Theodore F. Craver, Jr.  467,063,319  57,570,091  2,523,917  143,394,191   89.03%
Robert M. Davis  510,791,969  14,539,322  1,826,036  143,394,191   97.23%
Caroline Dorsa  515,516,034  9,974,497  1,666,796  143,394,191   98.10%
W. Roy Dunbar  515,993,581  9,423,852  1,739,894  143,394,191   98.21%
Nicholas C. Fanandakis  515,070,499  9,532,708  2,554,120  143,394,191   98.18%
Jeffrey B. Guldner  520,300,390  5,087,962  1,768,975  143,394,191   99.03%
John T. Herron  518,085,417  7,359,747  1,712,163  143,394,191   98.60%
Idalene F. Kesner  514,591,964  10,912,897  1,652,466  143,394,191   97.92%
Michael J. Pacilio  516,941,148  8,453,855  1,762,324  143,394,191   98.39%
Harry K. Sideris  521,709,419  3,583,689  1,864,219  143,394,191   99.32%
Thomas E. Skains  500,852,867  23,734,150  2,570,310  143,394,191   95.48%
William E. Webster, Jr.  507,680,482  17,711,679  1,765,166  143,394,191   96.63%

 

Each director nominee was elected to the Board of Directors with the support of a majority of the votes cast.

 

· Proposal No. 2 – Ratification of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2026

 

For  Against  Abstain  Broker
Non-Votes
  Votes Cast FOR
Votes Cast FOR
+ AGAINST
   Votes Cast FOR
Votes Cast FOR
+ AGAINST
+ ABSTAIN
 
639,757,086  28,434,117  2,360,315  N/A   95.74%   95.41%

 

The ratification of Deloitte & Touche LLP as the Corporation’s independent registered public accounting firm for 2026 received the support of a majority of the shares represented.

 

 

 

 

· Proposal No. 3 – Advisory vote to approve the Company’s named executive officer compensation

 

For  Against  Abstain  Broker
 Non-Votes
  Votes Cast FOR
Votes Cast FOR
+ AGAINST
   Votes Cast FOR
Votes Cast FOR
+ AGAINST
+ ABSTAIN
 
496,884,668  26,030,663  4,241,996  143,394,191   95.02%   94.26%

 

The advisory vote to approve the Corporation’s named executive officer compensation received the support of a majority of the shares represented.

 

· Proposal No. 4 – Management proposal regarding an amendment to the Amended and Restated Certificate of Incorporation of Duke Energy Corporation to eliminate supermajority voting requirements

 

For  Against  Abstain  Broker
 Non-Votes
  Votes Cast FOR
Shares Outstanding
 
516,664,589  7,507,137  2,985,601  143,394,191   66.39%

 

The management proposal regarding an amendment to the Amended and Restated Certificate of Incorporation of Duke Energy Corporation to eliminate supermajority voting requirements failed to receive the required support of 80% of the shares outstanding.

 

(c)  Not applicable.

 

(d)  Not applicable

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

104   Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document).

 

 

 

 

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 13, 2026 By: /s/ David S. Maltz
    David S. Maltz
    Vice President, Chief Governance Officer and Corporate Secretary

 

 

FAQ

What did Duke Energy (DUK) shareholders approve at the 2026 annual meeting?

Shareholders approved all director nominees, ratified Deloitte & Touche as 2026 auditor, and passed the advisory vote on named executive officer compensation. These results confirm support for the current board, audit firm, and overall executive pay program.

How did Duke Energy (DUK) shareholders vote on the 2026 auditor ratification?

Shareholders strongly ratified Deloitte & Touche LLP as Duke Energy’s independent auditor for 2026, with 639,757,086 votes for and 28,434,117 against. Only 2,360,315 shares abstained, and there were no broker non-votes reported for this proposal.

What was the result of Duke Energy’s 2026 say-on-pay vote?

The advisory vote on named executive officer compensation passed. Shareholders cast 496,884,668 votes for, 26,030,663 against, and 4,241,996 abstaining, with 143,394,191 broker non-votes. The approval indicates broad shareholder acceptance of Duke Energy’s executive pay practices.

Did Duke Energy (DUK) eliminate supermajority voting requirements in 2026?

No. The management proposal to amend Duke Energy’s certificate of incorporation to eliminate supermajority voting requirements received 516,664,589 votes for, but this represented only 66.39% of shares outstanding, below the required 80%, so the amendment did not pass.

How much support did Duke Energy directors receive in the 2026 election?

Each director nominee was elected with a majority of votes cast. Individual support ranged from about 89.03% to 99.32% of votes cast for versus for-plus-against, indicating strong shareholder backing across the full slate of Duke Energy’s board nominees.

Why did Duke Energy’s governance amendment fail despite majority support?

The governance amendment to remove supermajority voting needed 80% of shares outstanding to pass. It received 516,664,589 votes for, equal to 66.39% of shares outstanding, so it fell short of the higher threshold even though a simple majority supported it.

Filing Exhibits & Attachments

4 documents