Independent
Tenure on this board
8.4 yrs
Meeting calendar
MGEE · Annual meeting · Tuesday, May 19, 2026
Mge Energy Inc
3 nominees · 3 ballot items.
Election of three Class I directors; Ratification of PricewaterhouseCoopers LLP as independent registered public accounting firm; Advisory (non-binding) vote to approve executive compensation (Say-on-Pay).
Market cap
$3.0B
1Y TSR
-5.6%
Board grade
C-
Record date
Mar 23, 2026
Filing
DEF 14A
Meeting concluded · May 19, 2026
Follow how the vote landed and what changed on Mge Energy Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
Proposals
On the ballot3
- 1
Election of Directors
ManagementBoard: FORElect three Class I director nominees (James G. Berbee, Londa J. Dewey, Angela S. Rieger) to serve three-year terms expiring at the 2029 Annual Meeting.
- 2
Ratification of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm
ManagementBoard: FORRatify selection of PwC as the Company's independent registered public accounting firm for 2026.
- 3
Advisory Vote to Approve Executive Compensation
ManagementBoard: FORNon-binding advisory (Say-on-Pay) vote to approve compensation of named executive officers as disclosed in the Proxy Statement.
More detail
This advisory proposal asks shareholders to approve, on a nonbinding basis, the compensation of the named executive officers as disclosed in the proxy, including the CD&A and compensation tables. Management seeks this vote to obtain shareholder feedback and to demonstrate alignment of executive pay with performance metrics. The board recommends a vote FOR, noting the compensation program ties a significant portion of pay to performance via STI and PSU metrics (EPS, ROE, TSR) and includes stock ownership guidelines, clawback provisions, and consultant benchmarking. Context includes strong prior say-on-pay support (~95% in 2025), a mix of short- and long-term incentives, retirement and severance arrangements, and the company's regulated utility status where balancing customer affordability and shareholder returns is critical. The vote is nonbinding but will be considered by the board in future compensation decisions. The recommendation rationale emphasizes risk-mitigating features, alignment with long-term shareholder value, and retention/market competitiveness.
Director elections
Nominees on the ballot3
Independent
Tenure on this board
18.5 yrs
Independent
Tenure on this board
2.4 yrs
Ownership
Latest 13F quarterTop institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | BlackRock, Inc. | 10.6% | 3,902,052 | $302M |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 7.2% | 2,663,101 | $206M |
| 3 | STATE STREET CORP | 5.2% | 1,918,678 | $148M |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 4.5% | 1,641,026 | $127M |
| 5 | BlackRock, Inc. | 3.1% | 1,126,248 | $87M |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 2.2% | 795,829 | $62M |
| 7 | DIMENSIONAL FUND ADVISORS LP | 1.8% | 646,193 | $50M |
| 8 | FIRST TRUST ADVISORS LP | 1.2% | 446,870 | $35M |
| 9 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.1% | 418,151 | $32M |
| 10 | Qube Research Technologies Ltd | 0.9% | 330,037 | $26M |
Peers
Nearest market capOther Utilities sector meetings6
Upcoming shareholder meetings at Mge Energy Inc’s closest sector peers — compare boards, ballots, and ownership across the cohort.
California Water Service GroupCWT
Annual meeting·May 20, 2026·$3.1B
Chesapeake Utilities CorpCPK
Annual meeting·May 6, 2026·$3.2B
Centuri Holdings IncCTRI
Annual meeting·May 19, 2026·$2.8B
H2o AmericaHTO
Annual meeting·May 13, 2026·$2.7B
American States Water CoAWR
Annual meeting·May 19, 2026·$3.4B
Avista CorpAVA
Annual meeting·May 14, 2026·$3.5B
Reference
Frequently asked questions
- When is the Mge Energy Inc 2026 annual meeting?
- Mge Energy Inc (MGEE) holds its 2026 annual shareholder meeting on Tuesday, May 19, 2026.
- What is the record date for the Mge Energy Inc 2026 meeting?
- The record date for the Mge Energy Inc 2026 meeting is Monday, March 23, 2026. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Mge Energy Inc's 2026 meeting?
- The board is presenting 3 director nominees at the Mge Energy Inc 2026 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Mge Energy Inc 2026 meeting?
- Shareholders will vote on 3 proposals at the Mge Energy Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.
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