Txnm Energy Inc
3 ballot items.
The proposals include (1) approval of the merger agreement, (2) advisory approval of merger-related compensation for TXNM’s named executive officers, and (3) authorization to adjourn the special meeting to solicit additional proxies.
Follow how the vote landed and what changed on Txnm Energy Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
On the ballot3
- 1
Approval of the merger agreement
ManagementBoard: FORVote to approve the Agreement and Plan of Merger between TXNM Energy, Inc., Troy ParentCo LLC and Troy Merger Sub Inc., which would result in TXNM becoming a wholly-owned subsidiary of Parent and cash-out TXNM shareholders.
- 2
Advisory vote on merger-related compensation for TXNM’s named executive officers
ManagementBoard: FORAdvisory (non-binding) vote on the compensation that may be paid or become payable to TXNM’s named executive officers in connection with the merger.
- 3
Adjournment of the special meeting to solicit additional proxies
ManagementBoard: FORApproval to adjourn the special meeting to solicit additional proxies if there are insufficient votes to approve the merger.
Nominees on the ballot
Top institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | Blackstone Inc. | 7.2% | 8,000,000 | $468M |
| 2 | BlackRock, Inc. | 7.2% | 7,922,660 | $463M |
| 3 | BALYASNY ASSET MANAGEMENT L.P. | 6.4% | 7,133,543 | $417M |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 5.9% | 6,549,899 | $383M |
| 5 | VANGUARD CAPITAL MANAGEMENT LLC | 4.3% | 4,714,718 | $276M |
| 6 | STATE STREET CORP | 3.5% | 3,883,309 | $227M |
| 7 | BlackRock, Inc. | 3.3% | 3,601,958 | $211M |
| 8 | MILLENNIUM MANAGEMENT LLC | 3.2% | 3,529,510 | $206M |
| 9 | HBK INVESTMENTS L P | 2.7% | 3,040,938 | $178M |
| 10 | Pentwater Capital Management LPActivist | 2.5% | 2,800,000 | $164M |
Other Utilities sector meetings6
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Frequently asked questions
- When is the Txnm Energy Inc 2025 special meeting?
- Txnm Energy Inc (TXNM) holds its 2025 special shareholder meeting on Thursday, August 28, 2025.
- What is the record date for the Txnm Energy Inc 2025 meeting?
- The record date for the Txnm Energy Inc 2025 meeting is Thursday, July 17, 2025. Shareholders of record on or before that date are eligible to vote.
- What proposals will shareholders vote on at the Txnm Energy Inc 2025 meeting?
- Shareholders will vote on 3 proposals at the Txnm Energy Inc 2025 meeting, each tagged with who proposed it and the board's recommendation.
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