2/5/2026

speaker
Operator
Meeting Moderator

Hello and welcome to the WEC Energy Group Annual Meeting of Stockholders. Please note that today's meeting is being recorded. During the meeting, we'll have a question and answer session. Stockholders who have entered the meeting using their control number can submit questions or comments at any time by selecting the Q&A icon. It is now my pleasure to turn today's meeting over to Gail Klapa. Mr. Klapa, the floor is yours.

speaker
Gail Klappa
Chairman of the Board

Thank you and good afternoon, ladies and gentlemen. It's just past 1.30 p.m. Central Daylight Time, the time set for convening WEC Energy Group's 2025 Annual Meeting of Stockholders. I'm Gail Kloppe, Chairman of the Board of WEC Energy Group, and I will serve as Chairman for today's meeting. Before we begin, I'd like to call your attention to the Rules of Conduct for our meeting. They're available by clicking on the Documents icon on the top right of your screen. A copy of the proxy materials can be found there as well. And now it's time to call our 2025 annual meeting to order. I've been given the inspector's report, which indicates that more than 88% of the company's outstanding shares are represented. This constitutes a quorum under the company's bylaws, and this meeting, therefore, is duly convened to conduct business. At the end of our formal program, we will be happy to answer your questions. As always, some of the information you will receive at this meeting is forward-looking in nature and is based on our current expectations. Our projections, of course, involve risks and uncertainties, factors discussed in the company's latest Form 10-K, and in subsequent reports filed with the Securities and Exchange Commission. Now we'll begin our business session. All members of the WEC Energy Group Board of Directors who are standing for election are with us today. Also attending is Abby Cowart from ComputerShare. That's the company that serves as our transfer agent and registrar. Abby has been appointed as the Inspector of Election for our meeting. Also with us today are P.J. DiStefano and Andy Coors from Deloitte & Touche, our independent auditors. And now I'll call on our Executive Vice President, General Counsel, and Corporate Secretary Peggy Kelsey to discuss the proposals that we have before us and to conduct the voting. Peggy?

speaker
Peggy Kelsey
Executive Vice President, General Counsel, and Corporate Secretary

Thank you, Gail. On March 27, 2025, a notice of this meeting was sent to all stockholders of record as of March 7, 2025. The polls for the 2025 Annual Meeting remain open. If you previously voted your proxy, your vote has already been recorded. If you entered the meeting using your control number and have not yet voted, or you wish to change your vote, you may do so now by clicking on the vote icon at the top right of your screen. We will close the polls shortly. As set forth in your proxy statements, there are six proposals on which stockholders have been asked to vote. Number one, election of 13 directors to serve for terms expiring at the annual meeting of stockholders in 2026, including Warner Baxter, Ave B, Danny Cunningham, William Farrow III, Christina Garcia-Thomas, Maria Greene, Gail Klapa, Thomas Lane, John Lang, Scott Lauber, Euless Payne Jr., Mary Ellen Stanek, and Glenn Tellick. Number two, ratification of Deloitte and Touche LLP as independent auditors for 2025. Number three, an advisory vote to approve compensation of the named executive officers, otherwise known as say on pay. Number four, a proposal to amend our restated articles of incorporation to eliminate supermajority voting requirements. And number five, a proposal to amend our bylaws to eliminate supermajority voting requirements. Finally, there is one stockholder proposal regarding simple majority voting. At this time, I invite Mr. John Chavadin to present his proposal. Mr. Chavadin, you will be allowed up to three minutes for this presentation. After that time, we will proceed to the proxy vote. Mr. Chavadin, the floor is yours.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-