Item 5.07 Submission of matters to a vote of security holders
HEI: The Annual Meeting of Shareholders (Annual Meeting) ofHawaiian Electric Industries, Inc. (HEI) was held onMay 5, 2023 . Proxies for the meeting were solicited pursuant to Regulation 14A of the Securities Exchange Act of 1934. As ofMarch 1, 2023 , the record date for the Annual Meeting, there were 109,572,075 shares of HEI Common Stock issued and outstanding and entitled to vote. There was no solicitation in opposition to the nominees to the Board of Directors, as listed in the proxy statement for the Annual Meeting, and all such nominees were elected to the Board of Directors. Shareholders also (1) approved, on an advisory basis, a resolution approving the compensation of HEI's named executive officers, (2) approved, on an advisory basis, a frequency of every one year for future advisory votes on HEI's executive compensation, and (3) ratified the appointment ofDeloitte & Touche, LLP as HEI's independent registered public accounting firm for 2023. The final record of the voting of shares at the Annual Meeting is as follows: Shares of Common Stock For Against Abstain Broker Non-Vote Election of Directors Thomas B. Fargo 80,508,984 2,967,968 733,130 13,128,468 Celeste A. Connors 82,480,119 818,274 911,689 13,128,468 Richard J. Dahl 80,596,639 2,821,116 792,327 13,128,468 Elisia K. Flores 82,898,123 509,271 802,688 13,128,468 Peggy Y. Fowler 81,071,620 2,334,170 804,292 13,128,468 Micah A. K?ne 82,390,784 1,026,403 792,895 13,128,468 Michael J. Kennedy 82,500,520 771,399 938,163 13,128,468 Yoko Otani 82,829,230 475,169 905,683 13,128,468 William James Scilacci, Jr. 82,526,734 767,808 915,540 13,128,468 Scott W. H. Seu 82,745,469 798,264 666,349 13,128,468 Advisory vote on resolution 76,459,104 6,534,643 1,216,335 13,128,468 approving the compensation of HEI's named executive officers Ratification of appointment of 95,877,065 832,394 629,091 0Deloitte & Touche, LLP as HEI's independent registered public accounting firm for 2023 Shares of Common Stock 1 Year 2 Years 3 Years Abstain Broker Non-Vote Frequency of future 80,232,584 862,313 2,538,800 576,385 0 advisory votes on HEI's executive compensation A majority of the votes cast by shareholders were voted, on an advisory basis, in favor of the recommendation of the Board of Directors to hold future advisory votes on executive compensation every one year ("Frequency Vote"). In light of the Frequency Vote and other considerations, the Company has decided to include a shareholder vote on executive compensation in its proxy materials annually until the next required vote on the frequency of shareholder votes on executive compensation.Hawaiian Electric : OnMay 5, 2023 , HEI, the sole common shareholder ofHawaiian Electric Company, Inc. (Hawaiian Electric ), by written consent in lieu of an annual meeting of shareholders (1) fixed the number ofHawaiian Electric directors at seven, (2) electedJames A. Ajello ,Timothy E. Johns (Chair),Shelee M. T. Kimura ,Mary E. Kipp ,Alana K. Pakkala ,Kelvin H. Taketa andToby B. Taniguchi to serve as directors until the next annual meeting ofHawaiian Electric shareholders, or until their successors are duly elected and qualified and (3) ratified the appointment ofDeloitte & Touche, LLP asHawaiian Electric's independent registered accounting firm for 2023. 1
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