Evergy, Inc.
For the period ended May 6, 2025. Filed Mar 27, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 6, 2025 · Filed Mar 27, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934
(Amendment No. )
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A LETTER TO SHAREHOLDERS
One Kansas City Place
1200 Main Street
March 27, 2025
Dear Fellow Shareholders:
On behalf of the Evergy Board of Directors (the “Board”), we are pleased to invite you to Evergy’s 2025 Annual Meeting of Shareholders (the “Annual Meeting”) to be held on Tuesday, May 6, 2025 at 10:00 a.m. Central Daylight Time. We look forward to conducting the annual business of the company and sharing an overview of our 2024 results with each of you.
A year of strong execution: Our financial results in 2024 were in line with expectations, notwithstanding milder than normal weather for much of the year. Growth in 2024 was largely driven by higher residential and commercial demand, recovery of regulated investments, and strong cost management offsetting inflationary pressures. We expect the trend in increased demand to continue, driven primarily by customers that have announced major new investments in our region, including a Panasonic electric vehicle battery manufacturing plant in Kansas and Google and Meta data centers in Missouri. In addition, in 2024 we submitted requests to our regulators to approve the construction of three new natural gas plants and three new utility-scale solar projects. With increased demand and electric infrastructure investments, we believe Evergy is well-positioned to empower a better future for our customers, communities, and shareholders.
Responsible Board refreshment: The Board continues to focus on evolving the composition of the Board to align with the Company’s long-term business and strategic needs. In recent years, the Nominating, Governance, and Sustainability Committee has prioritized identifying prospective Directors with a goal of maintaining an effective mix of broad skills and high value experience, introducing fresh perspectives while balancing industry knowledge and continuity. This year we are excited to nominate Dean A. Newton and Jonathan D. Rolph to the Board, both of whom were recently appointed and will stand for election for the first time at this Annual Meeting. Dean and Jon are both well-known and well-respected business and civic leaders in our region, and their appointments reflect Evergy’s continued commitment to fostering a regional perspective on our Board. We believe our Board benefits from having a wide variety of backgrounds and shared core competencies that combine to help us deliver long-term shareholder and customer value. You can find more information about our nominating process and nominees in this proxy statement.
Compelling growth opportunities: Our region is poised to benefit from historic growth opportunities in Kansas and Missouri. Attracting new large customers enables us to spread our fixed costs over a broader base, driving affordability benefits for our existing customers. Our communities benefit from the increased prosperity generated by job creation, development of ancillary businesses, improved economic resiliency with a more diversified industrial base, and a larger tax base to pay for schools, roads and services. Our investors benefit from the value that is being created by our increased investments to power and serve growing demand. We are committed to effective governance to best represent your interests as shareholders of our company and remain committed to executing on our strategic objectives of affordability, reliability, and sustainability. As always, we look forward to our Annual Meeting and your participation and feedback.
Annual Meeting details: This year’s Annual Meeting will once again be held exclusively via live webcast. The online format is beneficial for expanding our ability to connect with shareholders while providing the same opportunities to vote and ask questions. Details on how to participate in the Annual Meeting, including how and when to vote and submit questions, are included in this proxy statement along with other information. Your vote is very important, so please cast it promptly, even if you plan to participate in the Annual Meeting.
Sincerely,
| David A. Campbell | B. Anthony Isaac |
|---|---|
| Chairman, President and Chief Executive Officer | Lead Independent Director |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.