SunCoke Energy (NYSE: SXC) holders back directors, pay and auditor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
SunCoke Energy, Inc. held its 2026 Virtual Annual Meeting of Stockholders on May 14, 2026, with 74,684,341 shares represented, about 88.03% of outstanding shares, establishing a quorum. Stockholders elected directors Martha Z. Carnes and Katherine T. Gates to terms expiring in 2029.
Executive compensation received strong advisory support, with 63,401,240 votes for and 2,219,465 against, and there were 8,915,748 broker non-votes. Stockholders also ratified KPMG LLP as independent registered public accounting firm for the year ending December 31, 2026, by 73,985,293 votes for and 514,264 against.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
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.
Key Figures
Shares represented: 74,684,341 shares
Participation rate: 88.03%
Votes for Carnes: 55,513,458 votes
+4 more
7 metrics
Shares represented
74,684,341 shares
Common stock present at 2026 Virtual Annual Meeting
Participation rate
88.03%
Percentage of total outstanding shares represented at meeting
Votes for Carnes
55,513,458 votes
FOR votes for director nominee Martha Z. Carnes
Votes for Gates
64,725,823 votes
FOR votes for director nominee Katherine T. Gates
Say-on-pay support
63,401,240 votes
FOR votes on non-binding advisory executive compensation proposal
Auditor ratification votes
73,985,293 votes
FOR votes to ratify KPMG LLP for fiscal year 2026
Broker non-votes
8,915,748 shares
Broker non-votes on director elections and say-on-pay
Key Terms
Virtual Annual Meeting, broker non-votes, non-binding advisory vote, independent registered public accounting firm, +1 more
5 terms
Virtual Annual Meeting financial
"The 2026 Virtual Annual Meeting of Stockholders (the “Virtual Annual Meeting”) of SunCoke Energy, Inc."
broker non-votes financial
"Number of broker non-votes: 8,915,748"
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.
non-binding advisory vote financial
"On the matter of the non-binding advisory vote to approve the compensation of the Company’s named executive officers"
A non-binding advisory vote is a shareholder vote that expresses investors’ opinion on a proposal (such as executive pay, corporate policy, or governance practices) but does not legally force the company to act. Think of it like a customer survey: it signals whether owners approve or disapprove and can pressure boards and managers to change course, so investors watch the result as an indicator of governance risk and potential future shifts in company strategy or leadership.
independent registered public accounting firm financial
"proposal to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm"
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.
quorum financial
"which constituted a quorum, were present in person or by proxy"
A quorum is the minimum number of members needed to officially hold a meeting or make decisions. It ensures that decisions are made with enough participation to represent the group’s interests, much like a majority must be present for a vote to be valid. For investors, understanding quorum is important because it affects when and how important company or organization decisions can be legally made.
FAQ
What did SunCoke Energy (SXC) stockholders vote on at the 2026 annual meeting?
Stockholders voted on director elections, an advisory say-on-pay proposal, and ratification of KPMG LLP. Two directors were elected for terms expiring in 2029, executive compensation received advisory approval, and KPMG was ratified as independent registered public accounting firm for the 2026 fiscal year.
Were SunCoke Energy (SXC) directors re-elected at the 2026 virtual annual meeting?
Yes. Martha Z. Carnes received 55,513,458 votes for and 10,143,066 against, while Katherine T. Gates received 64,725,823 votes for and 932,187 against. Both were elected to the class of directors whose terms expire in 2029, with additional broker non-votes recorded.
How did SunCoke Energy (SXC) stockholders vote on executive compensation in 2026?
Stockholders gave advisory approval to named executive officer compensation, with 63,401,240 votes for, 2,219,465 against, and 147,888 abstentions. There were also 8,915,748 broker non-votes on this say-on-pay item, but the proposal still received clear majority support among votes cast.
Did SunCoke Energy (SXC) ratify its auditor for fiscal 2026?
Yes. Stockholders ratified KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026. The vote was 73,985,293 shares for, 514,264 against, and 184,784 abstaining, with no broker non-votes reported on this auditor ratification proposal.
What are broker non-votes in the SunCoke Energy (SXC) 2026 meeting results?
Broker non-votes arise when brokers hold shares in street name but lack instructions to vote on certain proposals. For the 2026 director elections and say-on-pay proposal, there were 8,915,748 broker non-votes, while there were none on the auditor ratification item.