Chesapeake Utilities (CPK) Proxy filing summary

Executive summary

• The 2026 annual meeting will be held virtually on May 6, 2026, with stockholders able to vote and submit questions online.

• Stockholders of record as of March 9, 2026, are eligible to vote on director elections, executive compensation, and auditor ratification.

• The company emphasizes a values-driven culture, strong governance, and a commitment to sustainability and stakeholder engagement.

• The board and committees are composed primarily of independent directors with diverse backgrounds and expertise.

Voting matters and shareholder proposals

• Stockholders will vote on: (1) election of one Class II and three Class III directors, (2) advisory approval of executive compensation, and (3) ratification of Baker Tilly US, LLP as independent auditor.

• The board recommends voting FOR all nominees and proposals.

• Proposals require a plurality or majority vote, with abstentions and broker non-votes having defined effects.

• Shareholder proposals for the 2027 meeting must be submitted by November 25, 2026.

Board of directors and corporate governance

• The board consists of eight directors, with a declassification plan to move to annual elections by 2028.

• Directors bring expertise in energy, finance, governance, risk management, and sustainability.

• Board and committee evaluations are conducted annually to ensure effectiveness and alignment with best practices.

• All non-management directors are independent; the CEO is the only non-independent member.

• Stock ownership guidelines require directors to hold shares equal to five times their annual cash retainer.