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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: May 22, 2025

(Date of earliest event reported)

 

 

 

Commission File Number  

Exact Name of Registrant

as specified in its charter

  State or Other Jurisdiction of Incorporation or Organization   IRS Employer Identification Number
001-12609   PG&E Corporation    California   94-3234914
001-02348   Pacific Gas and Electric Company    California   94-0742640

 

     
300 Lakeside Drive   300 Lakeside Drive
Oakland, California 94612   Oakland, California 94612
(Address of principal executive offices) (Zip Code)   (Address of principal executive offices) (Zip Code)
(415) 973-1000   (415) 973-7000
(Registrant’s telephone number, including area code)   (Registrant’s telephone number, including area code)
     

 

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 (see General Instruction A.2. below):

 

  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

Common stock, no par value  PCG  The New York Stock Exchange
First preferred stock, cumulative, par value $25 per share, 6% nonredeemable PCG-PA NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 5.50% nonredeemable PCG-PB NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 5% nonredeemable PCG-PC NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 5% redeemable PCG-PD NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 5% series A redeemable PCG-PE NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.80% redeemable PCG-PG NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.50% redeemable PCG-PH NYSE American LLC
First preferred stock, cumulative, par value $25 per share, 4.36% redeemable PCG-PI NYSE American LLC
6.000% Series A Mandatory Convertible Preferred Stock, no par value per share PCG-PrX The 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 PG&E Corporation  
Emerging growth company Pacific Gas and Electric 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.

 

PG&E Corporation
Pacific Gas and Electric Company

 

 

 

 

Item 5.07 Submission of Matters to a Vote of Security Holders

 

On May 22, 2025, PG&E Corporation and Pacific Gas and Electric Company (the “Utility”) held their joint annual meeting of shareholders.

 

PG&E Corporation:

 

At the joint annual meeting, the shareholders of PG&E Corporation voted as indicated below on the following matters:

 

1.       Election of the following individuals to serve as directors until the next annual meeting of shareholders or until their successors are elected and qualified (included as Proposal 1 in the proxy statement):

 

  For Against Abstain Broker
Non-Vote(1)
Rajat Bahri 1,902,485,430 1,787,039 731,321 74,254,225
Cheryl F. Campbell 1,854,186,089 49,203,730 1,613,971 74,254,225
Edward G. Cannizzaro 1,902,675,283 1,604,488 724,019 74,254,225
Kerry W. Cooper 1,882,261,459 22,056,797 685,534 74,254,225
Leo P. Denault 1,901,770,575 2,514,862 718,353 74,254,225
Jessica L. Denecour 1,730,026,143 174,229,436 748,211 74,254,225
Mark E. Ferguson III 1,854,927,175 49,357,511 719,104 74,254,225
W. Craig Fugate 1,836,536,481 66,457,019 2,010,290 74,254,225
Arno L. Harris 1,836,445,058 66,566,322 1,992,410 74,254,225
Carlos M. Hernandez 1,902,662,634 1,589,829 751,327 74,254,225
John O. Larsen 1,901,710,771 2,558,687 734,332 74,254,225
Patricia K. Poppe 1,902,917,411 1,510,912 575,467 74,254,225
William L. Smith 1,902,964,770 1,353,015 686,005 74,254,225
Benjamin F. Wilson   1,827,208,501 74,911,855 2,883,434 74,254,225

 


(1)A broker non-vote occurs when shares held by a broker for a beneficial owner are not voted because (i) the broker did not receive voting instructions from the beneficial owner, and (ii) the broker lacked discretionary authority to vote the shares.  Broker non-votes are counted when determining whether the necessary quorum of shareholders is present or represented at each annual meeting.

 

Each director nominee named above was elected a director of PG&E Corporation.

 

2.       Non-binding advisory vote to approve the company’s executive compensation (included as Proposal 2 in the proxy statement):

 

For:     1,821,515,209  
Against:     82,177,839  
Abstain:     1,310,742  
Broker Non-Vote(1)     74,254,225  

(1)See footnote 1 above.  

 

This proposal was approved.

 

3.       Ratification of the appointment of Deloitte & Touche LLP as independent registered public accounting firm for 2025 (included as Proposal 3 in the proxy statement):

 

For:     1,876,714,091  
Against:     101,829,671  
Abstain:     714,253  

 

 

 

 

This proposal was approved.

 

4.       Approval of the 2025 PG&E Corporation Employee Stock Purchase Plan (included as Proposal 4 in the proxy statement):

 

For:     1,903,110,205  
Against:         1,181,547  
Abstain:     712,038  
Broker Non-Vote(1)      74,254,225  

(1)See footnote 1 above.  

 

This proposal was approved.

 

Pacific Gas and Electric Company:

 

At the joint annual meeting, the shareholders of the Utility voted as indicated below on the following matters:

 

1.       Election of the following individuals to serve as directors until the next annual meeting of shareholders or until their successors are elected and qualified (included as Proposal 1 in the proxy statement):

 

  For Against Abstain Broker
Non-Vote(1)
Rajat Bahri 267,353,781 180,050 108,404 4,457,138
Cheryl F. Campbell 267,341,204 194,264 106,767 4,457,138
Edward G. Cannizzaro 267,357,091 177,879 107,265 4,457,138
Kerry W. Cooper 267,342,014 179,340 120,881 4,457,138
Leo P. Denault 267,362,945 172,246 107,044 4,457,138
Jessica L. Denecour 267,347,601 188,991 105,643 4,457,138
Mark E. Ferguson III 267,357,723 176,614 107,898 4,457,138
W. Craig Fugate 267,355,894 179,573 106,768 4,457,138
Arno L. Harris 267,355,564 179,060 107,611 4,457,138
Carlos M. Hernandez 267,361,889 172,612 107,734 4,457,138
John O. Larsen 267,364,710 170,022 107,503 4,457,138
Patricia K. Poppe 267,346,462 190,005 105,768 4,457,138
Sumeet Singh 267,351,430 182,985 107,820 4,457,138
William L. Smith 267,367,271 168,071 106,893 4,457,138
Benjamin F. Wilson 267,358,144 176,534 107,557 4,457,138

 


(1)See footnote 1 above.

 

Each director nominee named above was elected a director of the Utility.

 

2.       Non-binding advisory vote to approve the company’s executive compensation (included as Proposal 2 in the proxy statement):

 

For:     267,193,435  
Against:     307,820  
Abstain:     140,980  
Broker Non-Vote(1)     4,457,138  

(1)See footnote 1 above.  

 

This proposal was approved.

 

3.       Ratification of the appointment of Deloitte & Touche LLP as independent registered public accounting firm for 2025 (included as Proposal 3 in the proxy statement):

 

For:     271,417,821  
Against:     368,007  
Abstain:     313,545  

 

This proposal was approved.

 

 

 

 

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 thereunto duly authorized.

 

  PG&E CORPORATION  
       
Date: May 28, 2025 By: /s/ John R. Simon  
    Name: John R. Simon  
    Title: Executive Vice President, General Counsel and Chief Ethics & Compliance Officer  

 

 

  PACIFIC GAS AND ELECTRIC COMPANY  
       
Date: May 28, 2025 By: /s/ Brian M. Wong  
    Name: Brian M. Wong  
    Title: Vice President, General Counsel and Corporate Secretary