WEC ENERGY GROUP, INC.
Shareholder Proposals
Item 6
Replace supermajority voting standards in the charter and bylaws with a majority-of-votes-cast standard and authorize adjournment to solicit additional votes if needed.
The proposal requests that the company amend its charter and bylaws so that any provision requiring greater-than-majority voting be changed to require a majority of votes cast for and against the matter (or the simple majority required by law). It asks the board to state explicitly that the company will not retain any supermajority voting standards, including defaults under state law. The proposal also authorizes adjourning the annual meeting for up to two weeks if the required supermajority threshold prevents passage on the meeting day, enabling additional solicitation to obtain approval. The proponent cites prior shareholder votes and academic research as rationale, arguing that eliminating supermajority thresholds improves shareholder rights and corporate governance.