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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): April 29, 2025

 

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 DUK31A 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On April 29, 2025, Ms. Julia S. Janson, currently serving as Duke Energy Corporation’s (the “Corporation”) Executive Vice President and CEO, Duke Energy Carolinas, notified the Corporation of her intent to retire on June 30, 2025. Effective July 1, 2025, Ms. Janson’s responsibilities will transition as described in Exhibit 99.1 attached hereto and incorporated herein by reference.

 

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

 

(a)The Corporation held its Annual Meeting of Shareholders on May 1, 2025.

 

(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 2025; (iii) an advisory vote to approve the Corporation’s named executive officer compensation; (iv) a shareholder proposal regarding support simple majority vote; and (v) a shareholder proposal regarding a net-zero audit. For more information on the proposals, see the Corporation’s Definitive Proxy Statement on Schedule 14A filed with the Commission on March 14, 2025. Set forth are the final voting results for each of the proposals.

 

· Proposal No. 1 – Election of Director Nominees

 

                   Votes Cast FOR 
Director  For   Against   Abstain  

Broker

Non-Votes

   Votes Cast FOR
+ AGAINST
 
Derrick Burks   505,116,976    4,203,044    1,503,663    145,472,494    99.17% 
Annette K. Clayton   504,213,945    5,258,193    1,351,545    145,472,494    98.97% 
Theodore F. Craver, Jr.   477,712,288    31,618,117    1,493,278    145,472,494    93.79% 
Robert M. Davis   495,811,931    13,428,129    1,583,623    145,472,494    97.36% 
Caroline Dorsa   504,022,148    5,489,632    1,311,903    145,472,494    98.92% 
W. Roy Dunbar   500,846,943    8,473,786    1,502,954    145,472,494    98.34% 
Nicholas C. Fanandakis   502,580,439    6,658,335    1,584,909    145,472,494    98.69% 
John T. Herron   504,525,013    4,780,827    1,517,843    145,472,494    99.06% 
Idalene F. Kesner   498,412,733    10,688,250    1,722,700    145,472,494    97.90% 
E. Marie McKee   483,699,367    25,423,346    1,700,970    145,472,494    95.01% 
Michael J. Pacilio   505,796,802    3,515,894    1,510,987    145,472,494    99.31% 
Harry K. Sideris   505,773,409    3,570,208    1,480,066    145,472,494    99.30% 
Thomas E. Skains   493,965,397    15,314,196    1,544,090    145,472,494    96.99% 
William E. Webster, Jr.   495,549,089    13,766,344    1,508,250    145,472,494    97.30% 

 

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 2025

 

                Votes Cast FOR   Votes Cast FOR 
For   Against   Abstain   Broker
Non-Votes
   Votes Cast FOR
+ AGAINST
   Votes Cast FOR
+ AGAINST
+ ABSTAIN
 
 626,602,084    27,639,556    2,054,537    N/A    95.78%   95.48% 

 

 

 

 

The ratification of Deloitte & Touche LLP as the Corporation’s independent registered public accounting firm for 2025 received the support of a majority of the shares represented.

 

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

 

                Votes Cast FOR   Votes Cast FOR 
For   Against   Abstain   Broker
Non-Votes
  

Votes Cast FOR
+ AGAINST

   Votes Cast FOR
+ AGAINST
+ ABSTAIN
 
 471,535,597    35,410,988    3,877,098    145,472,494    93.01%   92.31%

 

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 – Shareholder proposal regarding support simple majority vote

 

                Votes Cast FOR   Votes Cast FOR 
For   Against   Abstain   Broker
Non-Votes
   Votes Cast FOR
+ AGAINST
  

Votes Cast FOR
+ AGAINST
+ ABSTAIN

 
 498,542,518    9,918,196    2,362,969    145,472,494    98.05%   97.60%

 

 

The shareholder proposal regarding support simple majority vote received the support of a majority of the shares represented.

 

· Proposal No. 5 – Shareholder proposal regarding a net-zero audit

 

                Votes Cast FOR   Votes Cast FOR 
For   Against   Abstain   Broker
Non-Votes
  

Votes Cast FOR
+ AGAINST

  

Votes Cast FOR
+ AGAINST
+ ABSTAIN

 
 11,531,366    492,297,167    6,995,150    145,472,494    2.29%   2.26%

 

The shareholder proposal regarding a net-zero audit failed to receive the support of a majority of the shares represented.

 

 

(c)  Not applicable.

 

(d)  Not applicable

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

99.1   Duke Energy Corporation Press Release dated May 2, 2025 Announcing Leadership Changes.
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 5, 2025 By: /s/ David S. Maltz
  David S. Maltz
  Vice President, Legal, Chief Governance Officer and Assistant Corporate Secretary