OGE Energy elects board of directors at annual meeting

PR Newswire

OKLAHOMA CITY, May 15, 2025

OKLAHOMA CITY, May 15, 2025 /PRNewswire/ -- OGE Energy Corp. (NYSE: OGE) virtually held its 2025 Annual Meeting of Shareholders today, electing its board of directors and acting on a number of items.

Chairman, President and CEO Sean Trauschke began the meeting by thanking the company's employees for their strong execution and their continued focus on customers.

"2024 delivered outstanding results for all stakeholders, including improved reliability for customers and continued economic prosperity in the growing communities we serve," Trauschke said. "Our dedicated team will continue our legacy of operational excellence and customer focus as we expect to continue our performance trajectory into 2025 and beyond."

Trauschke discussed the company's commitment to pursue safe, reliable, resilient electricity at some of the lowest rates in the nation. He reflected on the healthy growth in our communities leveraged by low rates and economic development.

In voting announced at the meeting, OGE Energy shareholders:

   -- Elected 10 members of the company's board of directors to one-year terms. 
      They are: 
 
   -- 
 
          -- Judy R. McReynolds, lead director, chairman and chief executive 
             officer of ArcBest Corporation. 
 
          -- Frank A. Bozich, president and chief executive officer at Trinseo 
             PLC 
 
          -- Peter D. Clarke, former of-counsel and partner of Jones Day, a law 
             firm 
 
          -- Cathy R. Gates, former assurance partner of Ernst & Young LLP 
 
          -- David L. Hauser, former chairman and chief executive officer of 
             FairPoint Communications Inc. 
 
          -- Luther C. Kissam, IV, senior advisor with Bernhard Capital 
             Partners 
 
          -- David E. Rainbolt, executive chairman of BancFirst Corporation 
 
          -- J. Michael Sanner, former audit partner of Ernst & Young LLP 
 
          -- Sheila G. Talton, president and chief executive officer of Gray 
             Matter Analytics 
 
          -- Sean Trauschke, current chairman, president and chief executive 
             officer of OGE Energy Corp. and OG&E 
   -- Ratified the appointment of Ernst & Young LLP as the company's principal 
      independent accountants for 2025; 
 
   -- Approved, on an advisory basis, the compensation paid to named executive 
      officers; 
 
   -- Did not approve an amendment of the Restated Certificate of Incorporation 
      to eliminate supermajority voting provisions, as it received less than 
      80% of the outstanding shares of the Company's common stock required for 
      passage. 

Quarterly Dividend Declared

The OGE Energy board of directors also declared a third quarter dividend of $0.42125 per common share of stock, to be paid July 25, 2025, to shareholders of record July 7, 2025. The dividend was unchanged from the previous quarter.

OGE Energy Corp. is the parent company of OG&E, a regulated electric company with approximately 909,000 customers in Oklahoma and western Arkansas.

This news release may contain "forward-looking" statements. Forward-looking statements are intended to be identified by words such as "anticipate," "believe," "intend," "plan," "expect," "continued," "goal," "may" or similar expressions. Factors that could affect actual results are listed in the reports filed by the Company with the Securities and Exchange Commission including those listed in Risk Factors in the Company's Form 10-K for the year ended December 31, 2024.

View original content:https://www.prnewswire.com/news-releases/oge-energy-elects-board-of-directors-at-annual-meeting-302457180.html

SOURCE OGE Energy Corp.

(END) Dow Jones Newswires

May 15, 2025 16:31 ET (20:31 GMT)