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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 5, 2023

 

Commission   Registrant; State of Incorporation;   IRS Employer
File Number   Address; and Telephone Number   Identification No.
         
1-9513  

CMS ENERGY CORPORATION

(A Michigan Corporation)
One Energy Plaza
Jackson, Michigan 49201
(517) 788-0550

  38-2726431
         
1-5611  

CONSUMERS ENERGY COMPANY

(A Michigan Corporation)
One Energy Plaza
Jackson, Michigan 49201
(517) 788-0550

  38-0442310

 

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:

Title of each class   Trading Symbol(s)   Name of each exchange 
on which registered
CMS Energy Corporation Common Stock, $0.01 par value   CMS   New York Stock Exchange
CMS Energy Corporation 5.625% Junior Subordinated Notes due 2078   CMSA   New York Stock Exchange
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2078   CMSC   New York Stock Exchange
CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079   CMSD   New York Stock Exchange
CMS Energy Corporation, Depositary Shares, each representing a 1/1,000th interest in a share of 4.200% Cumulative Redeemable Perpetual Preferred Stock, Series C   CMS PRC   New York Stock Exchange
Consumers Energy Company Cumulative Preferred Stock, $100 par value: $4.50 Series   CMS-PB   New York Stock Exchange

 

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:  CMS Energy Corporation ¨        Consumers Energy 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.  CMS Energy Corporation ¨  Consumers Energy Company ¨

 

 

 

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Co-Registrant PreCommencement Issuer Tender Offer false
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Item 5.07. Submission of Matters to a Vote of Security Holders.

 

CMS ENERGY CORPORATION

 

At the CMS Energy 2023 annual meeting of shareholders held on May 5, 2023, the shareholders of CMS Energy voted upon the proposals as described in its proxy statement dated March 23, 2023. The results of the shareholder votes are as follows.

 

1.Proposal to elect members to the CMS Energy Board of Directors. All of the nominees were elected with the votes for individual nominees as follows:

 

Number of Votes:

 

   FOR   AGAINST   ABSTAIN   BROKER
NON-VOTE
 
Jon E. Barfield   238,065,814    8,845,346    334,774    11,719,588 
Deborah H. Butler   245,910,998    1,005,860    329,076    11,719,588 
Kurt L. Darrow   240,500,450    6,390,503    354,981    11,719,588 
William D. Harvey   243,182,415    3,710,549    352,970    11,719,588 
Garrick J. Rochow   244,729,105    2,159,956    356,873    11,719,588 
John G. Russell   243,532,659    3,357,251    356,024    11,719,588 
Suzanne F. Shank   245,875,038    1,031,880    339,016    11,719,588 
Myrna M. Soto   242,520,368    4,247,188    478,378    11,719,588 
John G. Sznewajs   245,879,092    1,024,785    342,057    11,719,588 
Ronald J. Tanski   245,841,586    1,062,733    341,615    11,719,588 
Laura H. Wright   242,403,663    4,519,213    323,058    11,719,588 

 

2.Non-binding advisory proposal to approve the compensation paid to CMS Energy’s named executive officers, as disclosed in its proxy statement pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and the related narrative disclosure, was approved, with a vote as follows:

 

Number of Votes:

 

  FOR   AGAINST   ABSTAIN   BROKER
NON-VOTE
 
   236,954,274    8,414,358    1,877,302    11,719,588 

 

 

 

 

3.Non-binding vote on the frequency of holding a shareholder advisory vote on executive compensation with a vote as follows:

 

Number of Votes:

 

   1 YEAR   2 YEARS   3 YEARS   ABSTAIN   BROKER
NON-VOTE
 
    245,135,849    213,441    1,485,193    411,451    11,719,588 

 

As a result of the outcome of the vote by shareholders at the annual meeting of shareholders on May 5, 2023 regarding the frequency of an advisory vote by the shareholders on executive compensation, the CMS Energy Board of Directors approved and adopted an annual frequency (one year) for future advisory votes by shareholders on executive compensation, until further action of the CMS Energy Board of Directors.

 

4.Proposal to ratify the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm to audit CMS Energy’s financial statements for the year ending December 31, 2023 was approved, with a vote as follows:

 

Number of Votes:

 

  FOR   AGAINST   ABSTAIN   BROKER
NON-VOTE
 
   256,295,487    2,337,093    332,942    0 

 

CONSUMERS ENERGY COMPANY

 

At the concurrent Consumers Energy 2023 annual meeting of shareholders, the shareholders of Consumers Energy voted upon the proposals as described in its proxy statement dated March 23, 2023. The results of the shareholder votes are as follows.

 

1.Proposal to elect members to the Consumers Energy Board of Directors. All of the nominees were elected with the votes for individual nominees as follows:

 

Number of Votes:

 

   FOR   AGAINST   ABSTAIN   BROKER
NON-VOTE
 
Jon E. Barfield   84,189,573    6,677    2,733    128,033 
Deborah H. Butler   84,186,225    10,552    2,206    128,033 
Kurt L. Darrow   84,189,435    6,977    2,571    128,033 
William D. Harvey   84,189,767    6,845    2,371    128,033 
Garrick J. Rochow   84,189,879    6,733    2,371    128,033 
John G. Russell   84,189,899    6,713    2,371    128,033 
Suzanne F. Shank   84,186,514    10,451    2,018    128,033 
Myrna M. Soto   84,186,493    10,472    2,018    128,033 
John G. Sznewajs   84,189,008    7,449    2,526    128,033 
Ronald J. Tanski   84,188,055    8,702    2,226    128,033 
Laura H. Wright   84,185,848    10,929    2,206    128,033 

 

 

 

 

2.Non-binding advisory proposal to approve the compensation paid to Consumers Energy’s named executive officers, as disclosed in its proxy statement pursuant to the compensation disclosure rules of the Securities and Exchange Commission, including the Compensation Discussion and Analysis, the compensation tables and the related narrative disclosure, was approved, with a vote as follows:

 

Number of Votes:

 

  FOR   AGAINST   ABSTAIN   BROKER
NON-VOTE
 
   84,175,436    16,658    6,889    128,033 

 

3.Non-binding vote on the frequency of holding a shareholder advisory vote on executive compensation with a vote as follows:

 

Number of Votes:

 

   1 YEAR   2 YEARS   3 YEARS   ABSTAIN   BROKER
NON-VOTE
 
    84,184,521    7,002    3,877    3,583    128,033 

 

As a result of the outcome of the vote by shareholders at the annual meeting of shareholders of May 5, 2023 regarding the frequency of an advisory vote by the shareholders on executive compensation, the Consumers Energy Board of Directors approved and adopted an annual frequency (one year) for future advisory votes by shareholders on executive compensation, until further action of the Consumers Energy Board of Directors.

 

4.Proposal to ratify the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm to audit Consumers Energy’s financial statements for the year ending December 31, 2023 was approved, with a vote as follows:

 

Number of Votes:

 

  FOR   AGAINST   ABSTAIN   BROKER
NON-VOTE
 
   84,322,332    2,463    2,221    0 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

 

    CMS ENERGY CORPORATION
     
Dated: May 10, 2023 By: /s/ Melissa M. Gleespen
    Melissa M. Gleespen
    Vice President, Corporate Secretary and Chief Compliance Officer
     
    CONSUMERS ENERGY COMPANY
     
Dated: May 10, 2023 By: /s/ Melissa M. Gleespen
    Melissa M. Gleespen
    Vice President, Corporate Secretary and Chief Compliance Officer