Results of the annual shareholders meeting of Oklahoma Gas and Electric were made known following the May 15 voting.
Shareholders elected 10 members of the Board of Directors, ratified the appointment of Ernst & Young LLP as OGE Energy’s principal independent accountants for 2025 and also approved the compensation paid to named executives.
Shareholders did not approve an amendment of the restated certificate of incorporation to eliminate the supermajority voting provisions, as it received less than 80 percent of the outstanding shares of OGE Energy’s common stock required for passage.
The ten board members are: Frank A. Bozich, Peter D. Clarke, Cathy R. Gates, David L. Hauser, Luther C. Kissam,IV, Judy R. McReynolds, David E. Rainbolt, J. Michael Sanner, Sheila G. Talton and Sean Trauschke.
Trauschke is OG&E’s Chairman, President and Chief Executive Officer. His 2024 salary, as approved by the shareholders was $1,204,632 a year while the total compensation, including $5,099,875 in stock awards, came to $10,18,949. Trauschke’s salary has been more than $1 million annually since at least 2022.
OGE Energy’s Board of Directors 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.