NextEra Energy, Inc. (NEE) Earnings Call Transcript & Summary

I would like to begin by making a few introductions. First, on the dias with me today is Charlie Sieving, Executive Vice President and our Chief Legal Officer. Also in the room is David Flechner, Vice President of Compliance and Corporate Secretary, who will assist in the business of the meeting. Also with us today are other senior officers of NextEra Energy, Florida Power & Light Company and NextEra Energy Resources. Next, I will introduce the individuals who are joining me today as nominees for election to our Board of Directors. Please stand when I call your name. The nominees are Nicole Arnaboldi, partner with Oak Hill Capital. Nicole has been a Director since 2022. James Cameron, former Chairman and CEO of Utilities, Inc., Jim has been a director since 2002. Naren Gursahaney. Former CEO of the ADT Corporation, former Chairman of Terminix Global Holdings, previously known as ServiceMaster, as well as former CEO of ServiceMaster. Naren has been a Director since 2014. Kirk Hachigian. Former Chairman and CEO of JELD-WEN Holding, Inc. and former Chairman and CEO of Cooper Industries. Kirk has been a Director since 2013. Maria Henry. Former Chief Financial Officer of Kimberly-Clark Corporation. Maria has been a Director since 2023. Amy Lane. Former Managing Director and Group Leader of the Global Retailing Investment Banking Group of Merrill Lynch & Co. Amy has been a Director since 2015. Geoff Martha, Chairman and CEO of Medtronic. This is Geoff's first year on the ballot. David Porges. Former Chairman of Equitrans Midstream Corporation and former Chairman and CEO of EQT Corporation. David has been a Director since 2020. Dev Stahlkopf. Executive Vice President and Chief Legal Officer of Cisco Systems. Dev has been a Director since 2023. Art Stall. Former President of NextEra Energy's Nuclear division and our former Chief Nuclear Officer. Art has been a Director since 2022. And Darryl Wilson. Former vice President of GE Power. Darryl has been a Director since 2018. I would also like to confirm the attendance of our independent auditors, Deloitte & Touche. Representing the firm this morning are Tim Wahome, and Sarah Goldberg. Now let's get to the business of the meeting, which will include a description of the items of business that require approval of shareholders, a discussion of those items only and a vote on those items. When we finish the business of the meeting, I will adjourn the meeting. With that, I will ask for confirmation that we have a quorum present. So we may conduct the business of the meeting.

Mr. Chairman, 88% of our outstanding shares entitled to vote are present so we have a quorum.

Thank you, Charlie. We have 3 items of business today. Item #1 is the election as directors of the nominees specified in the proxy statement. Item #2 is the ratification of the appointment of Deloitte & Touche LLP as NextEra Energy's independent registered public accounting firm for 2025. Item #3 is the approval by nonbinding advisory vote of NextEra Energy's compensation of its named executive officers as disclosed in the proxy statement. We will now have a discussion on the items of business on the ballot only. If you are a shareholder and have a comment or question on these items of business, please come to the microphone, state your name and the number of shares you own to introduce yourself. Are there any comments or questions on these items of business? Seeing no other questions, and since under our bylaws, no other nominations or proposals would be timely, we will now conduct the vote. Those who want to cast a ballot or submit a proxy, please raise your hand and a balloting representative will assist you. If you have already sent in your proxy or are submitting it now, you do not need to fill out a ballot. [Voting]

It appears that all shareholders wishing to vote by ballot have done so, so I hereby declare the polls closed. I believe that the Inspector of Election has provided the preliminary results of the vote to the Chief Legal Officer, Charlie, would you please announce the preliminary results?

Sure, Mr. Chairman, the preliminary results are as follows. On Item #1, the election of directors, all nominees received 91% of the votes cast, and therefore, all of them have been elected. On Item #2, 92% of the votes cast have approved Deloitte & Touche as our independent registered public accounting firm for 2025. So that appointment has been ratified. And on Item #3, 88% of the votes cast have approved by nonbinding advisory vote, the compensation of our named executive officers, so the compensation has been approved.

Thank you, Charlie. As we have completed our business, I hereby declare that the NextEra Energy Annual Meeting of Shareholders is adjourned. Please be safe and enjoy the rest of your day.