Ameren (AEE) Proxy filing summary

Executive summary

• Achieved strong financial performance in 2025, with GAAP EPS of $5.35 (up 21% over 2024) and a 6% dividend increase, marking the twelfth consecutive year of dividend growth.

• Invested $4.1 billion in energy infrastructure, supporting grid reliability, resilience, and modernization, and advanced $1.3 billion in critical transmission projects.

• Responded to severe weather events, restoring service and providing over $11 million in philanthropic funding and $9 million in bill payment assistance.

• Maintained customer rates below regional and national averages and achieved high customer satisfaction ratings (4.6/5 stars).

Voting matters and shareholder proposals

• Shareholders will vote on the election of 12 director nominees, advisory approval of executive compensation (say-on-pay), and ratification of PwC as independent auditor for 2026.

• Board recommends voting “FOR” all director nominees, executive compensation, and auditor ratification.

• Shareholders may submit proposals for the 2027 annual meeting by December 1, 2026.

Board of directors and corporate governance

• Board consists of 12 nominees (11 independent), with diverse skills in finance, operations, sustainability, and technology.

• Strong focus on board refreshment, with two new directors added in 2026 and a retirement age policy of 72.

• Lead Independent Director presides over executive sessions; all standing committees are chaired by independent directors.

• Shareholders holding at least 25% of stock can call special meetings; proxy access is available for director nominations.