UNITED STATES |
SECURITIES AND EXCHANGE COMMISSION |
Washington, DC 20549 |
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FORM N-PX |
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ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY |
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Investment Company Act file number 811-05569 |
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Franklin Universal Trust |
(Exact name of registrant as specified in charter) |
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One Franklin Parkway, San Mateo, CA 94403-1906 |
(Address of principal executive offices) (Zip code) |
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Craig S. Tyle, One Franklin Parkway, San Mateo, CA 94403-1906 |
(Name and address of agent for service) |
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Registrant's telephone number, including area code: (650) 312-2000 |
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Date of fiscal year end: 8/31 |
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Date of reporting period: 6/30/2020 |
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Item 1. Proxy Voting Records. |
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ALLIANT ENERGY CORPORATION | ||||
Ticker: LNT | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Patrick E. Allen | Management | For | For |
1.2 | Elect Director Michael D. Garcia | Management | For | For |
1.3 | Elect Director Singleton B. McAllister | Management | For | For |
1.4 | Elect Director Susan D. Whiting | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
3 | Approve Omnibus Stock Plan | Management | For | For |
4 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
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AMERICAN ELECTRIC POWER COMPANY, INC. | ||||
Ticker: AEP | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Nicholas K. Akins | Management | For | For |
1.2 | Elect Director David J. Anderson | Management | For | For |
1.3 | Elect Director J. Barnie Beasley, Jr. | Management | For | For |
1.4 | Elect Director Ralph D. Crosby, Jr. | Management | For | For |
1.5 | Elect Director Art A. Garcia | Management | For | For |
1.6 | Elect Director Linda A. Goodspeed | Management | For | For |
1.7 | Elect Director Thomas E. Hoaglin | Management | For | For |
1.8 | Elect Director Sandra Beach Lin | Management | For | For |
1.9 | Elect Director Margaret M. McCarthy | Management | For | For |
1.10 | Elect Director Richard C. Notebaert | Management | For | For |
1.11 | Elect Director Stephen S. Rasmussen | Management | For | For |
1.12 | Elect Director Oliver G. Richard, III | Management | For | For |
1.13 | Elect Director Sara Martinez Tucker | Management | For | For |
2 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
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AMPLIFY ENERGY CORP. | ||||
Ticker: AMPY | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director Christopher W. Hamm | Management | For | For |
1b | Elect Director Scott L. Hoffman | Management | For | For |
1c | Elect Director Randal T. Klein | Management | For | For |
1d | Elect Director Evan S. Lederman | Management | For | For |
1e | Elect Director David H. Proman | Management | For | For |
1f | Elect Director Todd R. Snyder | Management | For | For |
2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Against |
4 | Advisory Vote on Say on Pay Frequency | Management | One Year | One Year |
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BATTALION OIL CORPORATION | ||||
Ticker: BATL | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Scott H. Germann | Management | For | For |
1.2 | Elect Director Gregory S. Hinds | Management | For | For |
1.3 | Elect Director Richard H. Little | Management | For | For |
1.4 | Elect Director William L. Transier | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
3 | Advisory Vote on Say on Pay Frequency | Management | Three Years | One Year |
4 | Ratify Deloitte & Touche LLP as Auditors | Management | For | Against |
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BHP GROUP PLC | ||||
Ticker: BHP | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Accept Financial Statements and Statutory Reports | Management | For | For |
2 | Appoint Ernst & Young LLP as Auditors | Management | For | For |
3 | Authorise the Risk and Audit Committee to Fix Remuneration of Auditors | Management | For | For |
4 | Authorise Issue of Equity | Management | For | For |
5 | Authorise Issue of Equity without Pre-emptive Rights | Management | For | For |
6 | Authorise Market Purchase of Ordinary Shares | Management | For | For |
7 | Approve Remuneration Policy | Management | For | For |
8 | Approve Remuneration Report for UK Law Purposes | Management | For | For |
9 | Approve Remuneration Report for Australian Law Purposes | Management | For | For |
10 | Approve Grant of Awards under the Group's Incentive Plans to Andrew Mackenzie | Management | For | For |
11 | Elect Ian Cockerill as Director | Management | For | For |
12 | Elect Susan Kilsby as Director | Management | For | For |
13 | Re-elect Terry Bowen as Director | Management | For | For |
14 | Re-elect Malcolm Broomhead as Director | Management | For | For |
15 | Re-elect Anita Frew as Director | Management | For | For |
16 | Re-elect Andrew Mackenzie as Director | Management | For | For |
17 | Re-elect Lindsay Maxsted as Director | Management | For | For |
18 | Re-elect John Mogford as Director | Management | For | For |
19 | Re-elect Shriti Vadera as Director | Management | For | For |
20 | Re-elect Ken MacKenzie as Director | Management | For | For |
21 | Amend Constitution of BHP Group Limited | Shareholder | Against | Against |
22 | Approve Suspension of Memberships of Industry Associations That Are Involved in Lobbying Inconsistent with the Goals of the Paris Agreement | Shareholder | Against | Against |
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BIRCH PERMIAN HOLDINGS, INC. | ||||
Ticker: | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Jason Cansler | Management | For | For |
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BIRCH PERMIAN HOLDINGS, INC. | ||||
Ticker: | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Elect Director Jason Cansler | Management | For | For |
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CENTERPOINT ENERGY, INC. | ||||
Ticker: CNP | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director Leslie D. Biddle | Management | For | For |
1b | Elect Director Milton Carroll | Management | For | For |
1c | Elect Director Scott J. McLean | Management | For | For |
1d | Elect Director Martin H. Nesbitt | Management | For | For |
1e | Elect Director Theodore F. Pound | Management | For | For |
1f | Elect Director Susan O. Rheney | Management | For | For |
1g | Elect Director Phillip R. Smith | Management | For | For |
1h | Elect Director John W. Somerhalder, II | Management | For | For |
2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Amend Non-Employee Director Restricted Stock Plan | Management | For | For |
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CHAPARRAL ENERGY, INC. | ||||
Ticker: CHAP | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Charles Duginski | Management | For | For |
1.2 | Elect Director Marcus C. Rowland | Management | For | For |
1.3 | Elect Director Douglas E. Brooks | Management | For | For |
1.4 | Elect Director Michael J. Kuharski | Management | For | For |
1.5 | Elect Director Samuel E. Langford | Management | For | For |
1.6 | Elect Director Mark "Mac" A. McFarland | Management | For | For |
1.7 | Elect Director Kenneth W. Moore | Management | For | For |
1.8 | Elect Director Gysle R. Shellum | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Against |
3 | Ratify Grant Thornton LLP as Auditors | Management | For | For |
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CHAPARRAL ENERGY, INC. | ||||
Ticker: CHAP | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Charles Duginski | Management | For | For |
1.2 | Elect Director Marcus C. Rowland | Management | For | For |
1.3 | Elect Director Douglas E. Brooks | Management | For | For |
1.4 | Elect Director Michael J. Kuharski | Management | For | For |
1.5 | Elect Director Samuel E. Langford | Management | For | For |
1.6 | Elect Director Mark "Mac" A. McFarland | Management | For | For |
1.7 | Elect Director Kenneth W. Moore | Management | For | For |
1.8 | Elect Director Gysle R. Shellum | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Against |
3 | Ratify Grant Thornton LLP as Auditors | Management | For | For |
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CMS ENERGY CORPORATION | ||||
Ticker: CMS | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director Jon E. Barfield | Management | For | For |
1b | Elect Director Deborah H. Butler | Management | For | For |
1c | Elect Director Kurt L. Darrow | Management | For | For |
1d | Elect Director William D. Harvey | Management | For | For |
1e | Elect Director Patricia K. Poppe | Management | For | For |
1f | Elect Director John G. Russell | Management | For | For |
1g | Elect Director Suzanne F. Shank | Management | For | For |
1h | Elect Director Myrna M. Soto | Management | For | For |
1i | Elect Director John G. Sznewajs | Management | For | For |
1j | Elect Director Ronald J. Tanski | Management | For | For |
1k | Elect Director Laura H. Wright | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
3 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | For |
4 | Approve Omnibus Stock Plan | Management | For | For |
5 | Report on Political Contributions | Shareholder | Against | Against |
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CONSOLIDATED EDISON, INC. | ||||
Ticker: ED | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director George Campbell, Jr. | Management | For | For |
1.2 | Elect Director Ellen V. Futter | Management | For | For |
1.3 | Elect Director John F. Killian | Management | For | For |
1.4 | Elect Director John McAvoy | Management | For | For |
1.5 | Elect Director William J. Mulrow | Management | For | For |
1.6 | Elect Director Armando J. Olivera | Management | For | For |
1.7 | Elect Director Michael W. Ranger | Management | For | For |
1.8 | Elect Director Linda S. Sanford | Management | For | For |
1.9 | Elect Director Deirdre Stanley | Management | For | For |
1.10 | Elect Director L. Frederick Sutherland | Management | For | For |
2 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
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DOMINION ENERGY, INC. | ||||
Ticker: D | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director James A. Bennett | Management | For | For |
1b | Elect Director Helen E. Dragas | Management | For | For |
1c | Elect Director James O. Ellis, Jr. | Management | For | For |
1d | Elect Director Thomas F. Farrell, II | Management | For | For |
1e | Elect Director D. Maybank Hagood | Management | For | For |
1f | Elect Director John W. Harris | Management | For | For |
1g | Elect Director Ronald W. Jibson | Management | For | For |
1h | Elect Director Mark J. Kington | Management | For | For |
1i | Elect Director Joseph M. Rigby | Management | For | For |
1j | Elect Director Pamela J. Royal | Management | For | For |
1k | Elect Director Robert H. Spilman, Jr. | Management | For | For |
1l | Elect Director Susan N. Story | Management | For | For |
1m | Elect Director Michael E. Szymanczyk | Management | For | For |
2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Require Independent Board Chairman | Shareholder | Against | Against |
5 | Provide Right to Act by Written Consent | Shareholder | Against | Against |
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DTE ENERGY COMPANY | ||||
Ticker: DTE | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Gerard M. Anderson | Management | For | For |
1.2 | Elect Director David A. Brandon | Management | For | For |
1.3 | Elect Director Charles G. McClure, Jr. | Management | For | For |
1.4 | Elect Director Gail J. McGovern | Management | For | For |
1.5 | Elect Director Mark A. Murray | Management | For | For |
1.6 | Elect Director Gerardo Norcia | Management | For | For |
1.7 | Elect Director Ruth G. Shaw | Management | For | For |
1.8 | Elect Director Robert C. Skaggs, Jr. | Management | For | For |
1.9 | Elect Director David A. Thomas | Management | For | For |
1.10 | Elect Director Gary H. Torgow | Management | For | For |
1.11 | Elect Director James H. Vandenberghe | Management | For | For |
1.12 | Elect Director Valerie M. Williams | Management | For | For |
2 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Report on Political Contributions | Shareholder | Against | Against |
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DUKE ENERGY CORPORATION | ||||
Ticker: DUK | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Michael G. Browning | Management | For | For |
1.2 | Elect Director Annette K. Clayton | Management | For | For |
1.3 | Elect Director Theodore F. Craver, Jr. | Management | For | For |
1.4 | Elect Director Robert M. Davis | Management | For | For |
1.5 | Elect Director Daniel R. DiMicco | Management | For | For |
1.6 | Elect Director Nicholas C. Fanandakis | Management | For | For |
1.7 | Elect Director Lynn J. Good | Management | For | For |
1.8 | Elect Director John T. Herron | Management | For | For |
1.9 | Elect Director William E. Kennard | Management | For | For |
1.10 | Elect Director E. Marie McKee | Management | For | For |
1.11 | Elect Director Marya M. Rose | Management | For | For |
1.12 | Elect Director Thomas E. Skains | Management | For | For |
1.13 | Elect Director William E. Webster, Jr. | Management | For | For |
2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Require Independent Board Chairman | Shareholder | Against | Against |
5 | Eliminate Supermajority Vote Requirement | Shareholder | None | For |
6 | Report on Political Contributions | Shareholder | Against | Against |
7 | Report on Lobbying Payments and Policy | Shareholder | Against | Against |
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EDISON INTERNATIONAL | ||||
Ticker: EIX | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director Jeanne Beliveau-Dunn | Management | For | For |
1b | Elect Director Michael C. Camunez | Management | For | For |
1c | Elect Director Vanessa C.L. Chang | Management | For | For |
1d | Elect Director James T. Morris | Management | For | For |
1e | Elect Director Timothy T. O'Toole | Management | For | For |
1f | Elect Director Pedro J. Pizarro | Management | For | For |
1g | Elect Director Carey A. Smith | Management | For | For |
1h | Elect Director Linda G. Stuntz | Management | For | For |
1i | Elect Director William P. Sullivan | Management | For | For |
1j | Elect Director Peter J. Taylor | Management | For | For |
1k | Elect Director Keith Trent | Management | For | For |
2 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Require Shareholder Approval of Bylaw Amendments Adopted by the Board of Directors | Shareholder | Against | Against |
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ENBRIDGE INC. | ||||
Ticker: ENB | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Pamela L. Carter | Management | For | For |
1.2 | Elect Director Marcel R. Coutu | Management | For | For |
1.3 | Elect Director Susan M. Cunningham | Management | For | For |
1.4 | Elect Director Gregory L. Ebel | Management | For | For |
1.5 | Elect Director J. Herb England | Management | For | For |
1.6 | Elect Director Charles W. Fischer | Management | For | For |
1.7 | Elect Director Gregory J. Goff | Management | For | For |
1.8 | Elect Director V. Maureen Kempston Darkes | Management | For | For |
1.9 | Elect Director Teresa S. Madden | Management | For | For |
1.10 | Elect Director Al Monaco | Management | For | For |
1.11 | Elect Director Dan C. Tutcher | Management | For | For |
2 | Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration | Management | For | For |
3 | Approve Shareholder Rights Plan | Management | For | For |
4 | Amend By-Law No. 1 of Enbridge | Management | For | For |
5 | Advisory Vote on Executive Compensation Approach | Management | For | For |
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ENTERGY CORPORATION | ||||
Ticker: ETR | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director John R. Burbank | Management | For | For |
1b | Elect Director Patrick J. Condon | Management | For | For |
1c | Elect Director Leo P. Denault | Management | For | For |
1d | Elect Director Kirkland H. Donald | Management | For | For |
1e | Elect Director Philip L. Frederickson | Management | For | For |
1f | Elect Director Alexis M. Herman | Management | For | For |
1g | Elect Director M. Elise Hyland | Management | For | For |
1h | Elect Director Stuart L. Levenick | Management | For | For |
1i | Elect Director Blanche Lambert Lincoln | Management | For | For |
1j | Elect Director Karen A. Puckett | Management | For | For |
2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
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EVERGY, INC. | ||||
Ticker: EVRG | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director Kirkland B. Andrews | Management | For | For |
1b | Elect Director Terry Bassham | Management | For | For |
1c | Elect Director Mollie Hale Carter | Management | For | For |
1d | Elect Director Richard L. Hawley | Management | For | For |
1e | Elect Director Thomas D. Hyde | Management | For | For |
1f | Elect Director B. Anthony Isaac | Management | For | For |
1g | Elect Director Paul M. Keglevic | Management | For | For |
1h | Elect Director Sandra A.J. Lawrence | Management | For | For |
1i | Elect Director Ann D. Murtlow | Management | For | For |
1j | Elect Director Sandra J. Price | Management | For | For |
1k | Elect Director Mark A. Ruelle | Management | For | For |
1l | Elect Director S. Carl Soderstrom, Jr. | Management | For | For |
1m | Elect Director John Arthur Stall | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
3 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
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EXELON CORPORATION | ||||
Ticker: EXC | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director Anthony Anderson | Management | For | For |
1b | Elect Director Ann Berzin | Management | For | For |
1c | Elect Director Laurie Brlas | Management | For | For |
1d | Elect Director Christopher M. Crane | Management | For | For |
1e | Elect Director Yves C. de Balmann | Management | For | For |
1f | Elect Director Nicholas DeBenedictis | Management | For | For |
1g | Elect Director Linda P. Jojo | Management | For | For |
1h | Elect Director Paul Joskow | Management | For | For |
1i | Elect Director Robert J. Lawless | Management | For | For |
1j | Elect Director John Richardson | Management | For | For |
1k | Elect Director Mayo Shattuck, III | Management | For | For |
1l | Elect Director John F. Young | Management | For | For |
2 | Ratify PricewaterhouseCoopers LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Approve Omnibus Stock Plan | Management | For | For |
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FIRSTENERGY CORP. | ||||
Ticker: FE | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Michael J. Anderson | Management | For | For |
1.2 | Elect Director Steven J. Demetriou | Management | For | For |
1.3 | Elect Director Julia L. Johnson | Management | For | For |
1.4 | Elect Director Charles E. Jones | Management | For | For |
1.5 | Elect Director Donald T. Misheff | Management | For | For |
1.6 | Elect Director Thomas N. Mitchell | Management | For | For |
1.7 | Elect Director James F. O'Neil, III | Management | For | For |
1.8 | Elect Director Christopher D. Pappas | Management | For | For |
1.9 | Elect Director Sandra Pianalto | Management | For | For |
1.10 | Elect Director Luis A. Reyes | Management | For | For |
1.11 | Elect Director Leslie M. Turner | Management | For | For |
2 | Ratify PricewaterhouseCoopers LLP as Auditor | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Approve Omnibus Stock Plan | Management | For | For |
5 | Amend Code of Regulations to Authorize Board to Make Certain Future Amendments | Management | For | For |
6 | Amend Proxy Access Right | Shareholder | Against | Against |
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FREEPORT-MCMORAN INC. | ||||
Ticker: FCX | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Richard C. Adkerson | Management | For | For |
1.2 | Elect Director Gerald J. Ford | Management | For | For |
1.3 | Elect Director Lydia H. Kennard | Management | For | For |
1.4 | Elect Director Dustan E. McCoy | Management | For | For |
1.5 | Elect Director John J. Stephens | Management | For | For |
1.6 | Elect Director Frances Fragos Townsend | Management | For | For |
2 | Ratify Ernst & Young LLP as Auditor | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
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GOODRICH PETROLEUM CORPORATION | ||||
Ticker: GDP | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Walter G. 'Gil' Goodrich | Management | For | For |
1.2 | Elect Director Robert C. Turnham, Jr. | Management | For | For |
1.3 | Elect Director Timothy D. Leuliette | Management | For | For |
1.4 | Elect Director Ronald F. Coleman | Management | For | For |
1.5 | Elect Director K. Adam Leight | Management | For | For |
1.6 | Elect Director Thomas M. Souers | Management | For | For |
1.7 | Elect Director Jeffrey S. Serota | Management | For | For |
1.8 | Elect Director Edward J. Sondey | Management | For | For |
2 | Ratify Moss Adams LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
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GOODRICH PETROLEUM CORPORATION | ||||
Ticker: GDP | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Walter G. 'Gil' Goodrich | Management | For | For |
1.2 | Elect Director Robert C. Turnham, Jr. | Management | For | For |
1.3 | Elect Director Timothy D. Leuliette | Management | For | For |
1.4 | Elect Director Ronald F. Coleman | Management | For | For |
1.5 | Elect Director K. Adam Leight | Management | For | For |
1.6 | Elect Director Thomas M. Souers | Management | For | For |
1.7 | Elect Director Jeffrey S. Serota | Management | For | For |
1.8 | Elect Director Edward J. Sondey | Management | For | For |
2 | Ratify Moss Adams LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
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MIDSTATES PETROLEUM COMPANY, INC. | ||||
Ticker: MPO | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Issue Shares in Connection with Merger | Management | For | For |
2.1 | Elect Director David J. Sambrooks | Management | For | For |
2.2 | Elect Director Alan J. Carr | Management | For | For |
2.3 | Elect Director Patrice D. Douglas | Management | For | For |
2.4 | Elect Director Neal P. Goldman | Management | For | For |
2.5 | Elect Director Randal T. Klein | Management | For | For |
2.6 | Elect Director Evan S. Lederman | Management | For | For |
2.7 | Elect Director David H. Proman | Management | For | For |
2.8 | Elect Director Todd R. Snyder | Management | For | For |
3 | Bundled Say on Pay/Golden Parachute Advisory Vote | Management | For | Abstain |
4 | Ratify Grant Thornton LLP as Auditors | Management | For | For |
5 | Adjourn Meeting | Management | For | For |
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NEXTERA ENERGY, INC. | ||||
Ticker: NEE | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director Sherry S. Barrat | Management | For | For |
1b | Elect Director James L. Camaren | Management | For | For |
1c | Elect Director Kenneth B. Dunn | Management | For | For |
1d | Elect Director Naren K. Gursahaney | Management | For | For |
1e | Elect Director Kirk S. Hachigian | Management | For | For |
1f | Elect Director Toni Jennings | Management | For | For |
1g | Elect Director Amy B. Lane | Management | For | For |
1h | Elect Director David L. Porges | Management | For | For |
1i | Elect Director James L. Robo | Management | For | For |
1j | Elect Director Rudy E. Schupp | Management | For | For |
1k | Elect Director John L. Skolds | Management | For | For |
1l | Elect Director William H. Swanson | Management | For | For |
1m | Elect Director Darryl L. Wilson | Management | For | For |
2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Report on Political Contributions | Shareholder | Against | Against |
5 | Provide Right to Act by Written Consent | Shareholder | Against | For |
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NISOURCE INC. | ||||
Ticker: NI | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director Peter A. Altabef | Management | For | For |
1b | Elect Director Theodore H. Bunting, Jr. | Management | For | For |
1c | Elect Director Eric L. Butler | Management | For | For |
1d | Elect Director Aristides S. Candris | Management | For | For |
1e | Elect Director Wayne S. DeVeydt | Management | For | For |
1f | Elect Director Joseph Hamrock | Management | For | For |
1g | Elect Director Deborah A. Henretta | Management | For | For |
1h | Elect Director Deborah A. P. Hersman | Management | For | For |
1i | Elect Director Michael E. Jesanis | Management | For | For |
1j | Elect Director Kevin T. Kabat | Management | For | For |
1k | Elect Director Carolyn Y. Woo | Management | For | For |
1l | Elect Director Lloyd M. Yates | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
3 | Ratify Deloitte & Touche LLP as Auditor | Management | For | For |
4 | Approve Omnibus Stock Plan | Management | For | For |
5 | Provide Right to Act by Written Consent | Shareholder | Against | For |
| ||||
PINNACLE WEST CAPITAL CORPORATION | ||||
Ticker: PNW | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Glynis A. Bryan | Management | For | For |
1.2 | Elect Director Denis A. Cortese | Management | For | For |
1.3 | Elect Director Richard P. Fox | Management | For | For |
1.4 | Elect Director Jeffrey B. Guldner | Management | For | For |
1.5 | Elect Director Dale E. Klein | Management | For | For |
1.6 | Elect Director Humberto S. Lopez | Management | For | For |
1.7 | Elect Director Kathryn L. Munro | Management | For | For |
1.8 | Elect Director Bruce J. Nordstrom | Management | For | For |
1.9 | Elect Director Paula J. Sims | Management | For | For |
1.10 | Elect Director James E. Trevathan, Jr. | Management | For | For |
1.11 | Elect Director David P. Wagener | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
3 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
4 | Reduce Ownership Threshold for Shareholders to Call Special Meeting | Shareholder | Against | Against |
| ||||
PPL CORPORATION | ||||
Ticker: PPL | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director John W. Conway | Management | For | For |
1b | Elect Director Steven G. Elliott | Management | For | For |
1c | Elect Director Raja Rajamannar | Management | For | For |
1d | Elect Director Craig A. Rogerson | Management | For | Against |
1e | Elect Director Vincent Sorgi | Management | For | For |
1f | Elect Director William H. Spence | Management | For | For |
1g | Elect Director Natica von Althann | Management | For | For |
1h | Elect Director Keith H. Williamson | Management | For | For |
1i | Elect Director Phoebe A. Wood | Management | For | For |
1j | Elect Director Armando Zagalo de Lima | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
3 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
4 | Require Independent Board Chairman | Shareholder | Against | For |
| ||||
PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED | ||||
Ticker: PEG | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Ralph Izzo | Management | For | For |
1.2 | Elect Director Shirley Ann Jackson | Management | For | For |
1.3 | Elect Director Willie A. Deese | Management | For | For |
1.4 | Elect Director David Lilley | Management | For | For |
1.5 | Elect Director Barry H. Ostrowsky | Management | For | For |
1.6 | Elect Director Scott G. Stephenson | Management | For | For |
1.7 | Elect Director Laura A. Sugg | Management | For | For |
1.8 | Elect Director John P. Surma | Management | For | For |
1.9 | Elect Director Susan Tomasky | Management | For | For |
1.10 | Elect Director Alfred W. Zollar | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
3 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
| ||||
RIVIERA RESOURCES, INC. | ||||
Ticker: RVRA | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director David B. Rottino | Management | For | For |
1.2 | Elect Director Evan Lederman | Management | For | For |
1.3 | Elect Director Joseph A. Mills | Management | For | For |
1.4 | Elect Director Win Rollins | Management | For | For |
1.5 | Elect Director Thanasi Skafidas | Management | For | For |
2 | Ratify KPMG LLP as Auditors - withdrawn | Management | None | None |
| ||||
ROAN RESOURCES, INC. | ||||
Ticker: ROAN | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1 | Approve Merger Agreement | Management | For | For |
2 | Advisory Vote on Golden Parachutes | Management | For | For |
3 | Adjourn Meeting | Management | For | For |
| ||||
SEMPRA ENERGY | ||||
Ticker: SRE | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Alan L. Boeckmann | Management | For | For |
1.2 | Elect Director Kathleen L. Brown | Management | For | For |
1.3 | Elect Director Andres Conesa | Management | For | For |
1.4 | Elect Director Maria Contreras-Sweet | Management | For | For |
1.5 | Elect Director Pablo A. Ferrero | Management | For | For |
1.6 | Elect Director William D. Jones | Management | For | For |
1.7 | Elect Director Jeffrey W. Martin | Management | For | For |
1.8 | Elect Director Bethany J. Mayer | Management | For | For |
1.9 | Elect Director Michael N. Mears | Management | For | For |
1.10 | Elect Director Jack T. Taylor | Management | For | For |
1.11 | Elect Director Cynthia L. Walker | Management | For | For |
1.12 | Elect Director Cynthia J. Warner | Management | For | For |
1.13 | Elect Director James C. Yardley | Management | For | For |
2 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
4 | Require Independent Board Chair | Shareholder | Against | Against |
| ||||
THE SOUTHERN COMPANY | ||||
Ticker: SO | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director Janaki Akella | Management | For | For |
1b | Elect Director Juanita Powell Baranco | Management | For | For |
1c | Elect Director Jon A. Boscia | Management | For | For |
1d | Elect Director Henry A. 'Hal' Clark, III | Management | For | For |
1e | Elect Director Anthony F. 'Tony' Earley, Jr. | Management | For | For |
1f | Elect Director Thomas A. Fanning | Management | For | For |
1g | Elect Director David J. Grain | Management | For | For |
1h | Elect Director Donald M. James | Management | For | For |
1i | Elect Director John D. Johns | Management | For | For |
1j | Elect Director Dale E. Klein | Management | For | For |
1k | Elect Director Ernest J. Moniz | Management | For | For |
1l | Elect Director William G. Smith, Jr. | Management | For | For |
1m | Elect Director Steven R. Specker | Management | For | For |
1n | Elect Director E. Jenner Wood, III | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
3 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
4 | Require Independent Board Chair | Shareholder | Against | Against |
5 | Report on Lobbying Payments and Policy | Shareholder | Against | Against |
| ||||
VERSO CORPORATION | ||||
Ticker: VRS | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
Management Proxy (White Proxy Card) | ||||
1a | Elect Director Robert K. Beckler | Management | For | Did Not Vote |
1b | Elect Director Paula H.J. Cholmondeley | Management | For | Did Not Vote |
1c | Elect Director Randy J. Nebel | Management | For | Did Not Vote |
1d | Elect Director Steven D. Scheiwe | Management | For | Did Not Vote |
1e | Elect Director Jay Shuster | Management | For | Did Not Vote |
1f | Elect Director Adam St. John | Management | For | Did Not Vote |
1g | Elect Director Nancy M. Taylor | Management | For | Did Not Vote |
2 | Approve Sale of Androscoggin Mill | Management | For | Did Not Vote |
3 | Adjourn Meeting | Management | For | Did Not Vote |
4a | Reduce Supermajority Vote Requirement for Removal of Directors | Management | For | Did Not Vote |
4b | Reduce Supermajority Vote Requirement to Amend Bylaws | Management | For | Did Not Vote |
4c | Reduce Supermajority Vote Requirement to Amend Certain Provisions of the Certificate of Incorporation | Management | For | Did Not Vote |
5 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | Did Not Vote |
6 | Ratify Deloitte & Touche LLP as Auditors | Management | For | Did Not Vote |
7 | Adopt Stockholder Rights Plan | Management | For | Did Not Vote |
8 | Adopt Majority Vote for Election of Directors | Management | None | Did Not Vote |
9 | Repeal Amendments to Verso's Amended and Restated Bylaws Adopted After June 26, 2019 | Shareholder | Against | Did Not Vote |
Proposal No | Proposal | Proposed By | Dissident Recommendation | Vote Cast |
Dissident Proxy (Blue Proxy Card) | ||||
1.1 | Elect Director Sean T. Erwin | Shareholder | For | For |
1.2 | Elect Director Jeffrey E. Kirt | Shareholder | For | Withhold |
1.3 | Elect Director Timothy Lowe | Shareholder | For | Withhold |
1.4 | Management Nominee Robert K. Beckler | Shareholder | For | For |
1.5 | Management Nominee Paula H.J. Cholmondeley | Shareholder | For | For |
1.6 | Management Nominee Randy J. Nebel | Shareholder | For | For |
1.7 | Management Nominee Adam St. John | Shareholder | For | For |
2 | Approve Sale of Androscoggin Mill | Management | None | For |
3 | Adjourn Meeting | Management | None | For |
4a | Reduce Supermajority Vote Requirement for Removal of Directors | Management | For | For |
4b | Reduce Supermajority Vote Requirement to Amend Bylaws | Management | For | For |
4c | Reduce Supermajority Vote Requirement to Amend Certain Provisions of the Certificate of Incorporation | Management | For | For |
5 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | None | For |
6 | Ratify Deloitte & Touche LLP as Auditors | Management | None | For |
7 | Adopt Stockholder Rights Plan | Management | None | For |
8 | Adopt Majority Vote for Election of Directors | Management | For | For |
9 | Repeal Amendments to Verso's Amended and Restated Bylaws Adopted After June 26, 2019 | Shareholder | For | For |
| ||||
WEATHERFORD INTERNATIONAL PLC | ||||
Ticker: WFTLF | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director Thomas R. Bates, Jr. | Management | For | Against |
1b | Elect Director John F. Glick | Management | For | Against |
1c | Elect Director Neal P. Goldman | Management | For | For |
1d | Elect Director Gordon T. Hall | Management | For | Against |
1e | Elect Director Mark A. McCollum | Management | For | For |
1f | Elect Director Jacqueline C. Mutschler | Management | For | For |
1g | Elect Director Charles M. Sledge | Management | For | For |
2 | Approve KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration | Management | For | For |
3 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
| ||||
WEC ENERGY GROUP, INC. | ||||
Ticker: WEC | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1.1 | Elect Director Patricia W. Chadwick | Management | For | For |
1.2 | Elect Director Curt S. Culver | Management | For | For |
1.3 | Elect Director Danny L. Cunningham | Management | For | For |
1.4 | Elect Director William M. Farrow, III | Management | For | For |
1.5 | Elect Director Thomas J. Fischer | Management | For | For |
1.6 | Elect Director J. Kevin Fletcher | Management | For | For |
1.7 | Elect Director Maria C. Green | Management | For | For |
1.8 | Elect Director Gale E. Klappa | Management | For | For |
1.9 | Elect Director Henry W. Knueppel | Management | For | For |
1.10 | Elect Director Thomas K. Lane | Management | For | For |
1.11 | Elect Director Ulice Payne, Jr. | Management | For | For |
1.12 | Elect Director Mary Ellen Stanek | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
3 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
| ||||
XCEL ENERGY INC. | ||||
Ticker: XEL | ||||
Proposal No | Proposal | Proposed By | Management Recommendation | Vote Cast |
1a | Elect Director Lynn Casey | Management | For | For |
1b | Elect Director Ben Fowke | Management | For | For |
1c | Elect Director Netha N. Johnson | Management | For | For |
1d | Elect Director George Kehl | Management | For | For |
1e | Elect Director Richard T. O'Brien | Management | For | For |
1f | Elect Director David K. Owens | Management | For | For |
1g | Elect Director Christopher J. Policinski | Management | For | For |
1h | Elect Director James T. Prokopanko | Management | For | For |
1i | Elect Director A. Patricia Sampson | Management | For | For |
1j | Elect Director James J. Sheppard | Management | For | For |
1k | Elect Director David A. Westerlund | Management | For | For |
1l | Elect Director Kim Williams | Management | For | For |
1m | Elect Director Timothy V. Wolf | Management | For | For |
1n | Elect Director Daniel Yohannes | Management | For | For |
2 | Advisory Vote to Ratify Named Executive Officers' Compensation | Management | For | For |
3 | Ratify Deloitte & Touche LLP as Auditors | Management | For | For |
4 | Report on Costs and Benefits of Climate-Related Activities | Shareholder | Against | Against |
END NPX REPORT
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Franklin Universal Trust
By (Signature and Title)* /s/MATTHEW T. HINKLE____
Matthew T. Hinkle,
Chief Executive Officer – Finance and Administration
Date August 26, 2020
* Print the name and title of each signing officer under his or her signature.