0001109357-26-000053
SEC filingExelon Corporation held its Annual Meeting of Shareholders on April 28, 2026, where all nine director nominees were elected and two advisory proposals—ratification of PricewaterhouseCoopers LLP as independent auditor and approval of named executive officer compensation—were approved by shareholders.
The Annual Meeting results reflect broad shareholder support for Exelon’s board and governance practices, though with meaningful dissent on key matters. All nine director nominees were elected, but Linda Jojo received the lowest level of support at 92.8%, which—while still decisive—may signal targeted concerns among some shareholders, possibly related to her tenure, committee roles, or recent corporate developments. The auditor ratification passed with 89.0% in favor, yet drew the highest absolute opposition (101.1 million votes), exceeding the combined AGAINST votes for any individual director; this could indicate specific scrutiny of audit quality, fees, or independence. Similarly, the advisory say-on-pay vote garnered 90.5% support but faced 80.0 million opposing votes—suggesting ongoing investor attention to executive compensation alignment, particularly given Exelon’s recent operational and regulatory environment. Broker non-votes were uniformly high (72.4 million) for director elections and the compensation vote, reflecting the absence of discretionary voting authority on those matters under NYSE rules, whereas broker non-votes were not applicable for the auditor proposal—a procedural distinction that underscores differing voting mechanics across proposal types. No changes to board composition, leadership structure, or governance policies were disclosed beyond the routine election and advisory votes.