MGE Energy (MGEE) Proxy Filing summary

Executive summary

• Annual meeting scheduled for May 20, 2025, will be held virtually, allowing shareholders to vote and submit questions online or by phone.

• Proxy materials, including the notice, proxy statement, and annual report, are available online for shareholder review.

• Shareholders can vote by internet, phone, or mail prior to the meeting, with specific deadlines for each method.

Voting matters and shareholder proposals

• Election of three Class III directors: Daniel J. Kelly, James L. Possin, and Noble L. Wray.

• Ratification of PricewaterhouseCoopers LLP as independent auditor for 2025.

• Advisory vote on executive compensation as disclosed in the proxy statement.

• Proxies have discretion to vote on other business that may arise at the meeting.

Board of directors and corporate governance

• Board recommends voting "FOR" all director nominees and proposals 2 and 3.

• Proxy card must be signed by all joint owners or by authorized representatives with full title.