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Dynegy Inc. Discloses Results of Stockholder Proposals at Annual Meeting

^{Published on 2010-05-21 09:11:42 - Market Wire}
 

HOUSTON--([ BUSINESS WIRE ])--At todaya™s annual meeting of stockholders of Dynegy Inc. (NYSE: DYN), the company announced the results of seven proposals voted on by stockholders:

Proposal 1 relating to election of directors a" Stockholders re-elected all seven board of director nominees to serve until next yeara™s annual meeting of stockholders.

Proposal 2 relating to reverse stock split a" Stockholders approved an amendment and restatement of Dynegya™s Amended and Restated Certificate of Incorporation to effect a reverse stock split of Dynegya™s outstanding common stock at a reverse split ratio of 1-for-5 and to proportionately decrease the number of authorized shares of Dynegya™s capital stock. The proposal is expected to become effective on or about May 25, 2010.

Proposal 3 relating to common stock classification a" Stockholders approved an amendment and restatement of Dynegya™s Amended and Restated Certificate of Incorporation to refer to the companya™s Class A common stock as aCommon Stocka and remove all references to Class B common stock.

Proposal 4 relating to Long Term Incentive Plan a" Stockholders approved the Dynegy Inc. 2010 Long Term Incentive Plan.

Proposal 5 relating to Incentive Compensation Plana" Stockholders approved the amended and restated Dynegy Inc. Incentive Compensation Plan.

Proposal 6 relating to ratification of independent registered public accountants a" Stockholders ratified the selection of Ernst & Young LLP as Dynegya™s independent auditors for 2010.

Proposal 7 relating to stockholder proposal regarding greenhouse gas emissions a" Stockholders rejected a proposal regarding the establishment of goals for greenhouse gas emissions.

For more information on the proposals considered at the meeting, refer to the companya™s Proxy Statement, which can be downloaded free of charge from the aInvestor Relationsa section of the companya™s web site at [ www.dynegy.com ].