UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 12, 2010
(Commission File Number) | Exact names of registrants as specified in their charters, address of principal executive offices, telephone number and state of incorporation | (IRS Employer Identification No.) |
| | | |
| 1-15929 | PROGRESS ENERGY, INC. | 56-2155481 |
| | 410 S. Wilmington Street | |
| | Raleigh, North Carolina 27601-1748 | |
| | Telephone: (919) 546-6111 | |
| | State of Incorporation: North Carolina | |
| | | |
| 1-3382 | CAROLINA POWER & LIGHT COMPANY d/b/a Progress Energy Carolinas, Inc. 410 S. Wilmington Street Raleigh, North Carolina 27601-1748 Telephone: (919) 546-6111 State of Incorporation: North Carolina | 56-0165465 |
| | | |
| None |
| (Former Name or Former Address, if Changed Since Last Report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 5 – CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.07 Submission of Matters to a Vote of Security Holders.
Progress Energy, Inc. (“Progress Energy”) and Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc. (“PEC”) held their respective Annual Meeting of Shareholders on May 12, 2010, to consider and vote on the matters listed below. The proposals are described in detail in the Proxy Statements of Progress Energy and PEC. The final voting results from each meeting are set forth below.
Progress Energy Proposal 1: Election of Directors
Having received a majority of the votes cast in accordance with Progress Energy’s Articles of Incorporation, the individuals named below were each elected to serve as directors of Progress Energy for a one-year term expiring in 2011:
| | | | | |
Name | Votes For | Votes Against | Abstentions | Broker Non-Votes |
| John D. Baker II | 135,870,897 | 22,551,437 | 869,473 | 63,418,812 |
| James E. Bostic, Jr. | 157,118,312 | 1,336,861 | 836,634 | 63,418,812 |
| Harris E. DeLoach, Jr. | 153,751,465 | 4,694,763 | 845,579 | 63,418,812 |
| James B. Hyler, Jr. | 156,835,724 | 1,594,502 | 861,581 | 63,418,812 |
| William D. Johnson | 154,837,452 | 3,618,330 | 836,025 | 63,418,812 |
| Robert W. Jones | 156,741,908 | 1,711,328 | 838,571 | 63,418,812 |
| W. Steven Jones | 156,970,202 | 1,470,269 | 851,336 | 63,418,812 |
| Melquiades R. “Mel” Martinez | 156,674,213 | 1,754,471 | 863,123 | 63,418,812 |
| E. Marie McKee | 156,432,921 | 2,053,884 | 805,002 | 63,418,812 |
| John H. Mullin, III | 156,313,141 | 2,136,888 | 841,778 | 63,418,812 |
| Charles W. Pryor, Jr. | 157,007,664 | 1,443,354 | 840,789 | 63,418,812 |
| Carlos A. Saladrigas | 156,821,291 | 1,612,497 | 858,019 | 63,418,812 |
| Theresa M. Stone | 156,950,065 | 1,471,769 | 869,973 | 63,418,812 |
| Alfred C. Tollison, Jr. | 156,966,832 | 1,474,748 | 850,227 | 63,418,812 |
Progress Energy Proposal 2: Ratification of Selection of Independent Registered Public Accounting Firm
Having received a majority of the votes cast as set forth below and in accordance with Progress Energy’s By-Laws, the selection of Deloitte & Touche LLP as Progress Energy’s independent registered public accounting firm for the 2010 fiscal year was ratified.
| | | | |
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 219,925,578 | 2,066,324 | 718,717 | 0 |
| | | | |
Progress Energy Shareholder Proposal 3: Adoption of a “Hold-into-Retirement” Policy for Equity Awards
Having received less than a majority of the votes cast as set forth below and in accordance with Progress Energy’s By-Laws, the shareholder proposal was not approved and is not expected to be adopted by Progress Energy.
| | | | |
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 37,017,735 | 119,965,092 | 2,308,980 | 63,418,812 |
| | | | |
PEC Proposal 1: Election of Directors
The individuals named below were each elected to serve as directors of PEC for a one-year term expiring in 2011:
| | | | |
Name | Votes For | Votes Withheld | Broker Non-Votes |
| Jeffrey A. Corbett | 159,890,970 | 6,531 | 191,552 |
| William D. Johnson | 159,890,840 | 6,661 | 191,552 |
| Jeffrey J. Lyash | 159,890,366 | 7,135 | 191,552 |
| John R. McArthur | 159,890,820 | 6,681 | 191,552 |
| Mark F. Mulhern | 159,889,782 | 7,719 | 191,552 |
| James Scarola | 159,890,312 | 7,189 | 191,552 |
| Paula J. Sims | 159,890,590 | 6,911 | 191,552 |
| Lloyd M. Yates | 159,890,840 | 6,661 | 191,552 |
PEC Proposal 2: Ratification of Selection of Independent Registered Public Accounting Firm
Having received a majority of the votes cast as set forth below and in accordance with PEC’s By-Laws, the selection of Deloitte & Touche LLP as PEC’s independent registered public accounting firm for the 2010 fiscal year was ratified.
| | | | |
| Votes For | Votes Against | Abstentions | Broker Non-Votes |
| 160,085,483 | 951 | 2,619 | 0 |
| | | | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
| | | | PROGRESS ENERGY, INC. and CAROLINA POWER & LIGHT COMPANY d/b/a PROGRESS ENERGY CAROLINAS, INC. |
| | | | Registrants |
| | | | |
| | | By: | /s/ David B. Fountain |
| | | | David B. Fountain |
| | | | Assistant Secretary Progress Energy, Inc. Secretary Carolina Power & Light Company d/b/a Progress Energy Carolinas, Inc. |
| | | | |
Date: May 17, 2010
