UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 
 

FORM N-PX

 

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number 811-05569 

 

___Franklin Universal Trust____

(Exact name of registrant as specified in charter)

 

One Franklin Parkway, San Mateo, CA 94403-1906

(Address of principal executive offices) (Zip code)

 

Alison E. Baur, One Franklin Parkway, San Mateo, CA 94403-1906

(Name and address of agent for service)

 

Registrant's telephone number, including area code: (650) 312-2000 

 

Date of fiscal year end: 8/31

 

Date of reporting period: 6/30/2023

 

Item 1. Proxy Voting Records.

Franklin Universal Trust

     

 

ALLIANT ENERGY CORPORATION
Meeting Date:  MAY 23, 2023
Record Date:  MAR 22, 2023
Meeting Type:  ANNUAL

Ticker:  LNT
Security ID:  018802108

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Stephanie L. Cox

Management

For

For

1b

Elect Director Patrick E. Allen

Management

For

For

1c

Elect Director Michael D. Garcia

Management

For

For

1d

Elect Director Susan D. Whiting

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

 

 

AMERICAN ELECTRIC POWER COMPANY, INC.
Meeting Date:  APR 25, 2023
Record Date:  FEB 28, 2023
Meeting Type:  ANNUAL


     

Ticker:  AEP
Security ID:  025537101

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Nicholas K. Akins

Management

For

For

1.2

Elect Director J. Barnie Beasley, Jr.

Management

For

For

1.3

Elect Director Ben Fowke

Management

For

For

1.4

Elect Director Art A. Garcia

Management

For

For

1.5

Elect Director Linda A. Goodspeed

Management

For

For

1.6

Elect Director Donna A. James

Management

For

For

1.7

Elect Director Sandra Beach Lin

Management

For

For

1.8

Elect Director Margaret M. McCarthy

Management

For

For

1.9

Elect Director Oliver G. 'Rick' Richard, III

Management

For

For

1.10

Elect Director Daryl Roberts

Management

For

For

1.11

Elect Director Julia A. Sloat

Management

For

For

1.12

Elect Director Sara Martinez Tucker

Management

For

For

1.13

Elect Director Lewis Von Thaer

Management

For

For

2

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For

3

Reduce Supermajority Vote Requirement

Management

For

For

4

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

5

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

     

 

AMPLIFY ENERGY CORP.
Meeting Date:  MAY 17, 2023
Record Date:  MAR 29, 2023
Meeting Type:  ANNUAL

Ticker:  AMPY
Security ID:  03212B103

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Deborah G. Adams

Management

For

For

1b

Elect Director James E. Craddock

Management

For

For

1c

Elect Director Patrice Douglas

Management

For

For

1d

Elect Director Christopher W. Hamm

Management

For

For

1e

Elect Director Randal T. Klein

Management

For

For

1f

Elect Director Todd R. Snyder

Management

For

For

1g

Elect Director Martyn Willsher

Management

For

For

2

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

     

 

BHP GROUP LIMITED
Meeting Date:  NOV 10, 2022
Record Date:  SEP 27, 2022
Meeting Type:  ANNUAL

Ticker:  BHP
Security ID:  088606108

Proposal

Proposal

Proposed By

Management

Vote


     

No

  

Recommendation

Cast

2

Elect Michelle Hinchliffe as Director

Management

For

For

3

Elect Catherine Tanna as Director

Management

For

For

4

Elect Terry Bowen as Director

Management

For

For

5

Elect Xiaoqun Clever as Director

Management

For

For

6

Elect Ian Cockerill as Director

Management

For

For

7

Elect Gary Goldberg as Director

Management

For

For

8

Elect Ken MacKenzie as Director

Management

For

For

9

Elect Christine O'Reilly as Director

Management

For

For

10

Elect Dion Weisler as Director

Management

For

For

11

Approve Remuneration Report

Management

For

For

12

Approve Grant of Awards to Mike Henry

Management

For

For

13

Approve the Amendments to the Company's Constitution

Shareholder

Against

Against

14

Approve Policy Advocacy

Shareholder

Against

Against

15

Approve Climate Accounting and Audit

Shareholder

Against

Against

     

 

CALIFORNIA RESOURCES CORPORATION
Meeting Date:  APR 28, 2023
Record Date:  MAR 07, 2023
Meeting Type:  ANNUAL

Ticker:  CRC
Security ID:  13057Q305

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Andrew B. Bremner

Management

For

Withhold

1.2

Elect Director Tiffany (TJ) Thom Cepak

Management

For

For

1.3

Elect Director James N. Chapman

Management

For

For

1.4

Elect Director Francisco J. Leon

Management

For

For

1.5

Elect Director Mark A. (Mac) McFarland

Management

For

For

1.6

Elect Director Nicole Neeman Brady

Management

For

For

1.7

Elect Director Julio M. Quintana

Management

For

For

1.8

Elect Director William B. Roby

Management

For

For

1.9

Elect Director Alejandra (Ale) Veltmann

Management

For

For

2

Ratify KPMG LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Amend Certificate of Incorporation to Allow Exculpation of Officers

Management

For

Against

     

 

CENTERPOINT ENERGY, INC.
Meeting Date:  APR 21, 2023
Record Date:  FEB 24, 2023
Meeting Type:  ANNUAL

Ticker:  CNP
Security ID:  15189T107

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Wendy Montoya Cloonan

Management

For

For


     

1b

Elect Director Earl M. Cummings

Management

For

For

1c

Elect Director Christopher H. Franklin

Management

For

For

1d

Elect Director David J. Lesar

Management

For

For

1e

Elect Director Raquelle W. Lewis

Management

For

For

1f

Elect Director Martin H. Nesbitt

Management

For

For

1g

Elect Director Theodore F. Pound

Management

For

Against

1h

Elect Director Phillip R. Smith

Management

For

For

1i

Elect Director Barry T. Smitherman

Management

For

For

2

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

Against

4

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

5

Disclose Scope 3 Emissions and Setting Scope 3 Emission Targets

Shareholder

Against

Against

     

 

CHESAPEAKE ENERGY CORPORATION
Meeting Date:  JUN 08, 2023
Record Date:  APR 10, 2023
Meeting Type:  ANNUAL

Ticker:  CHK
Security ID:  165167735

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Domenic J. ("Nick") Dell'Osso, Jr.

Management

For

For

1b

Elect Director Timothy S. Duncan

Management

For

For

1c

Elect Director Benjamin C. Duster, IV

Management

For

For

1d

Elect Director Sarah A. Emerson

Management

For

For

1e

Elect Director Matthew M. Gallagher

Management

For

Against

1f

Elect Director Brian Steck

Management

For

For

1g

Elect Director Michael A. Wichterich

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For

     

 

CIVITAS RESOURCES, INC.
Meeting Date:  JUN 01, 2023
Record Date:  APR 14, 2023
Meeting Type:  ANNUAL

Ticker:  CIVI
Security ID:  17888H103

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Wouter van Kempen

Management

For

For

1.2

Elect Director Deborah Byers

Management

For

For

1.3

Elect Director Morris R. Clark

Management

For

For

1.4

Elect Director M. Christopher Doyle

Management

For

For


     

1.5

Elect Director Carrie M. Fox

Management

For

For

1.6

Elect Director Carrie L. Hudak

Management

For

For

1.7

Elect Director James M. Trimble

Management

For

For

1.8

Elect Director Howard A. Willard, III

Management

For

For

1.9

Elect Director Jeffrey E. Wojahn

Management

For

For

2

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Provide Right to Call Special Meeting

Management

For

For

5

Provide Right to Act by Written Consent

Management

For

For

6

Amend Certificate of Incorporation to Limit the Liability of Certain Officers

Management

For

Against

7

Authorize Shareholders to Fill Director Vacancies

Management

For

For

8

Amend Certificate of Incorporation to Add Federal Forum Selection Provision

Management

For

Against

9

Amend Certificate of Incorporation

Management

For

For

     

 

CMS ENERGY CORPORATION
Meeting Date:  MAY 05, 2023
Record Date:  MAR 07, 2023
Meeting Type:  ANNUAL

Ticker:  CMS
Security ID:  125896100

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Jon E. Barfield

Management

For

For

1b

Elect Director Deborah H. Butler

Management

For

For

1c

Elect Director Kurt L. Darrow

Management

For

For

1d

Elect Director William D. Harvey

Management

For

For

1e

Elect Director Garrick J. Rochow

Management

For

For

1f

Elect Director John G. Russell

Management

For

For

1g

Elect Director Suzanne F. Shank

Management

For

For

1h

Elect Director Myrna M. Soto

Management

For

For

1i

Elect Director John G. Sznewajs

Management

For

For

1j

Elect Director Ronald J. Tanski

Management

For

For

1k

Elect Director Laura H. Wright

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For

     

 

CONSOLIDATED EDISON, INC.
Meeting Date:  MAY 15, 2023
Record Date:  MAR 20, 2023
Meeting Type:  ANNUAL

Ticker:  ED
Security ID:  209115104

Proposal

Proposal

Proposed By

Management

Vote


     

No

  

Recommendation

Cast

1.1

Elect Director Timothy P. Cawley

Management

For

For

1.2

Elect Director Ellen V. Futter

Management

For

For

1.3

Elect Director John F. Killian

Management

For

For

1.4

Elect Director Karol V. Mason

Management

For

For

1.5

Elect Director Dwight A. McBride

Management

For

For

1.6

Elect Director William J. Mulrow

Management

For

For

1.7

Elect Director Armando J. Olivera

Management

For

For

1.8

Elect Director Michael W. Ranger

Management

For

For

1.9

Elect Director Linda S. Sanford

Management

For

For

1.10

Elect Director Deirdre Stanley

Management

For

For

1.11

Elect Director L. Frederick Sutherland

Management

For

For

2

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

5

Approve Omnibus Stock Plan

Management

For

For

     

 

CONSTELLATION ENERGY CORPORATION
Meeting Date:  APR 25, 2023
Record Date:  MAR 01, 2023
Meeting Type:  ANNUAL

Ticker:  CEG
Security ID:  21037T109

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Joseph Dominguez

Management

For

For

1.2

Elect Director Julie Holzrichter

Management

For

For

1.3

Elect Director Ashish Khandpur

Management

For

Withhold

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For

     

 

DOMINION ENERGY, INC.
Meeting Date:  MAY 10, 2023
Record Date:  MAR 03, 2023
Meeting Type:  ANNUAL

Ticker:  D
Security ID:  25746U109

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1A

Elect Director James A. Bennett

Management

For

For

1B

Elect Director Robert M. Blue

Management

For

For

1C

Elect Director D. Maybank Hagood

Management

For

For

1D

Elect Director Ronald W. Jibson

Management

For

For

1E

Elect Director Mark J. Kington

Management

For

For

1F

Elect Director Kristin G. Lovejoy

Management

For

For


     

1G

Elect Director Joseph M. Rigby

Management

For

For

1H

Elect Director Pamela J. Royal

Management

For

Against

1I

Elect Director Robert H. Spilman, Jr.

Management

For

For

1J

Elect Director Susan N. Story

Management

For

For

1K

Elect Director Michael E. Szymanczyk

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

5

Amend Right to Call Special Meeting

Management

For

For

6

Amend Advance Notice Provisions for Director Nominations

Management

For

For

7

Require Independent Board Chair

Shareholder

Against

For

     

 

DT MIDSTREAM, INC.
Meeting Date:  MAY 05, 2023
Record Date:  MAR 08, 2023
Meeting Type:  ANNUAL

Ticker:  DTM
Security ID:  23345M107

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Peter Tumminello

Management

For

For

1.2

Elect Director Dwayne Wilson

Management

For

For

2

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

     

 

DTE ENERGY COMPANY
Meeting Date:  MAY 04, 2023
Record Date:  MAR 07, 2023
Meeting Type:  ANNUAL

Ticker:  DTE
Security ID:  233331107

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director David A. Brandon

Management

For

For

1.2

Elect Director Charles G. McClure, Jr.

Management

For

For

1.3

Elect Director Gail J. McGovern

Management

For

For

1.4

Elect Director Mark A. Murray

Management

For

For

1.5

Elect Director Gerardo Norcia

Management

For

For

1.6

Elect Director Robert C. Skaggs, Jr.

Management

For

For

1.7

Elect Director David A. Thomas

Management

For

For

1.8

Elect Director Gary H. Torgow

Management

For

For

1.9

Elect Director James H. Vandenberghe

Management

For

For

1.10

Elect Director Valerie M. Williams

Management

For

For

2

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive

Management

For

For


     
 

Officers' Compensation

   

4

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

5

Amend Right to Call Special Meeting

Management

For

For

6

Reduce Ownership Threshold for Shareholders to Call Special Meeting

Shareholder

Against

Against

7

Report on Lobbying Payments and Policy

Shareholder

Against

Against

     

 

DUKE ENERGY CORPORATION
Meeting Date:  MAY 04, 2023
Record Date:  MAR 06, 2023
Meeting Type:  ANNUAL

Ticker:  DUK
Security ID:  26441C204

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Derrick Burks

Management

For

For

1b

Elect Director Annette K. Clayton

Management

For

For

1c

Elect Director Theodore F. Craver, Jr.

Management

For

For

1d

Elect Director Robert M. Davis

Management

For

For

1e

Elect Director Caroline Dorsa

Management

For

For

1f

Elect Director W. Roy Dunbar

Management

For

For

1g

Elect Director Nicholas C. Fanandakis

Management

For

For

1h

Elect Director Lynn J. Good

Management

For

For

1i

Elect Director John T. Herron

Management

For

For

1j

Elect Director Idalene F. Kesner

Management

For

For

1k

Elect Director E. Marie McKee

Management

For

For

1l

Elect Director Michael J. Pacilio

Management

For

For

1m

Elect Director Thomas E. Skains

Management

For

For

1n

Elect Director William E. Webster, Jr.

Management

For

For

2

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

5

Approve Omnibus Stock Plan

Management

For

For

6

Adopt Simple Majority Vote

Shareholder

None

For

7

Create a Committee to Evaluate Decarbonization Risk

Shareholder

Against

Against

     

 

EDISON INTERNATIONAL
Meeting Date:  APR 27, 2023
Record Date:  MAR 03, 2023
Meeting Type:  ANNUAL

Ticker:  EIX
Security ID:  281020107

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Jeanne Beliveau-Dunn

Management

For

For

1b

Elect Director Michael C. Camunez

Management

For

For


     

1c

Elect Director Vanessa C.L. Chang

Management

For

For

1d

Elect Director James T. Morris

Management

For

For

1e

Elect Director Timothy T. O'Toole

Management

For

For

1f

Elect Director Pedro J. Pizarro

Management

For

For

1g

Elect Director Marcy L. Reed

Management

For

For

1h

Elect Director Carey A. Smith

Management

For

For

1i

Elect Director Linda G. Stuntz

Management

For

For

1j

Elect Director Peter J. Taylor

Management

For

For

1k

Elect Director Keith Trent

Management

For

For

2

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

     

 

ENBRIDGE INC.
Meeting Date:  MAY 03, 2023
Record Date:  MAR 07, 2023
Meeting Type:  ANNUAL

Ticker:  ENB
Security ID:  29250N105

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Mayank M. Ashar

Management

For

For

1.2

Elect Director Gaurdie E. Banister

Management

For

For

1.3

Elect Director Pamela L. Carter

Management

For

For

1.4

Elect Director Susan M. Cunningham

Management

For

For

1.5

Elect Director Gregory L. Ebel

Management

For

For

1.6

Elect Director Jason B. Few

Management

For

For

1.7

Elect Director Teresa S. Madden

Management

For

For

1.8

Elect Director Stephen S. Poloz

Management

For

For

1.9

Elect Director S. Jane Rowe

Management

For

For

1.10

Elect Director Dan C. Tutcher

Management

For

For

1.11

Elect Director Steven W. Williams

Management

For

For

2

Approve PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration

Management

For

For

3

Advisory Vote on Executive Compensation Approach

Management

For

For

4

Re-approve Shareholder Rights Plan

Management

For

For

5

SP 1: Report on Lobbying and Political Donations

Shareholder

Against

Against

6

SP 2: Disclose the Company's Scope 3 Emissions

Shareholder

Against

Against

 

 

ENTERGY CORPORATION
Meeting Date:  MAY 05, 2023
Record Date:  MAR 07, 2023
Meeting Type:  ANNUAL

Ticker:  ETR


     

Security ID:  29364G103

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Gina F. Adams

Management

For

For

1b

Elect Director John H. Black

Management

For

For

1c

Elect Director John R. Burbank

Management

For

For

1d

Elect Director Patrick J. Condon

Management

For

For

1e

Elect Director Kirkland H. Donald

Management

For

For

1f

Elect Director Brian W. Ellis

Management

For

For

1g

Elect Director Philip L. Frederickson

Management

For

For

1h

Elect Director M. Elise Hyland

Management

For

For

1i

Elect Director Stuart L. Levenick

Management

For

For

1j

Elect Director Blanche Lambert Lincoln

Management

For

For

1k

Elect Director Andrew S. Marsh

Management

For

For

1l

Elect Director Karen A. Puckett

Management

For

For

2

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

5

Amend Omnibus Stock Plan

Management

For

For

6

Amend Certificate of Incorporation to Allow Exculpation of Officers

Management

For

Against

     

 

EVERGY, INC.
Meeting Date:  MAY 02, 2023
Record Date:  MAR 01, 2023
Meeting Type:  ANNUAL

Ticker:  EVRG
Security ID:  30034W106

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director David A. Campbell

Management

For

For

1b

Elect Director Thomas D. Hyde

Management

For

For

1c

Elect Director B. Anthony Isaac

Management

For

For

1d

Elect Director Paul M. Keglevic

Management

For

For

1e

Elect Director Mary L. Landrieu

Management

For

For

1f

Elect Director Sandra A.J. Lawrence

Management

For

For

1g

Elect Director Ann D. Murtlow

Management

For

For

1h

Elect Director Sandra J. Price

Management

For

For

1i

Elect Director Mark A. Ruelle

Management

For

For

1j

Elect Director James Scarola

Management

For

For

1k

Elect Director C. John Wilder

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

 

 

EXELON CORPORATION
Meeting Date:  APR 25, 2023


     

Record Date:  MAR 01, 2023
Meeting Type:  ANNUAL

Ticker:  EXC
Security ID:  30161N101

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Anthony Anderson

Management

For

For

1b

Elect Director W. Paul Bowers

Management

For

For

1c

Elect Director Calvin G. Butler, Jr.

Management

For

For

1d

Elect Director Marjorie Rodgers Cheshire

Management

For

For

1e

Elect Director Linda Jojo

Management

For

For

1f

Elect Director Charisse Lillie

Management

For

For

1g

Elect Director Matthew Rogers

Management

For

For

1h

Elect Director John Young

Management

For

For

2

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

     

 

FIRSTENERGY CORPORATION
Meeting Date:  MAY 24, 2023
Record Date:  MAR 27, 2023
Meeting Type:  ANNUAL

Ticker:  FE
Security ID:  337932107

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Jana T. Croom

Management

For

For

1.2

Elect Director Steven J. Demetriou

Management

For

For

1.3

Elect Director Lisa Winston Hicks

Management

For

For

1.4

Elect Director Paul Kaleta

Management

For

For

1.5

Elect Director Sean T. Klimczak

Management

For

For

1.6

Elect Director Jesse A. Lynn

Management

For

For

1.7

Elect Director James F. O'Neil, III

Management

For

For

1.8

Elect Director John W. Somerhalder, II

Management

For

For

1.9

Elect Director Andrew Teno

Management

For

For

1.10

Elect Director Leslie M. Turner

Management

For

For

1.11

Elect Director Melvin Williams

Management

For

For

2

Ratify PricewaterhouseCoopers LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

5

Reduce Ownership Threshold for Shareholders to Call Special Meeting to 20%

Management

For

For

6

Submit Severance Agreement (Change-in-Control) to Shareholder Vote

Shareholder

Against

Against

7

Establish a New Board Committee on

Shareholder

Against

Against


     
 

Decarbonization Risk

   
     

 

FREEPORT-MCMORAN, INC.
Meeting Date:  JUN 06, 2023
Record Date:  APR 10, 2023
Meeting Type:  ANNUAL

Ticker:  FCX
Security ID:  35671D857

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director David P. Abney

Management

For

For

1.2

Elect Director Richard C. Adkerson

Management

For

For

1.3

Elect Director Marcela E. Donadio

Management

For

For

1.4

Elect Director Robert W. Dudley

Management

For

For

1.5

Elect Director Hugh Grant

Management

For

For

1.6

Elect Director Lydia H. Kennard

Management

For

For

1.7

Elect Director Ryan M. Lance

Management

For

For

1.8

Elect Director Sara Grootwassink Lewis

Management

For

For

1.9

Elect Director Dustan E. McCoy

Management

For

For

1.10

Elect Director Kathleen L. Quirk

Management

For

For

1.11

Elect Director John J. Stephens

Management

For

For

1.12

Elect Director Frances Fragos Townsend

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify Ernst & Young LLP as Auditors

Management

For

For

     

 

NEXTERA ENERGY, INC.
Meeting Date:  MAY 18, 2023
Record Date:  MAR 22, 2023
Meeting Type:  ANNUAL

Ticker:  NEE
Security ID:  65339F101

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Nicole S. Arnaboldi

Management

For

For

1b

Elect Director Sherry S. Barrat

Management

For

For

1c

Elect Director James L. Camaren

Management

For

For

1d

Elect Director Kenneth B. Dunn

Management

For

For

1e

Elect Director Naren K. Gursahaney

Management

For

For

1f

Elect Director Kirk S. Hachigian

Management

For

For

1g

Elect Director John W. Ketchum

Management

For

For

1h

Elect Director Amy B. Lane

Management

For

For

1i

Elect Director David L. Porges

Management

For

For

1j

Elect Director Deborah "Dev" Stahlkopf

Management

For

For

1k

Elect Director John A. Stall

Management

For

For

1l

Elect Director Darryl L. Wilson

Management

For

For

2

Ratify Deloitte & Touche as Auditors

Management

For

For


     

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

Against

4

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

5

Disclose Board Skills and Diversity Matrix

Shareholder

Against

For

     

 

NISOURCE INC.
Meeting Date:  MAY 23, 2023
Record Date:  MAR 29, 2023
Meeting Type:  ANNUAL

Ticker:  NI
Security ID:  65473P105

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Peter A. Altabef

Management

For

For

1b

Elect Director Sondra L. Barbour

Management

For

For

1c

Elect Director Theodore H. Bunting, Jr.

Management

For

For

1d

Elect Director Eric L. Butler

Management

For

For

1e

Elect Director Aristides S. Candris

Management

For

For

1f

Elect Director Deborah A. Henretta

Management

For

For

1g

Elect Director Deborah A. P. Hersman

Management

For

For

1h

Elect Director Michael E. Jesanis

Management

For

For

1i

Elect Director William D. Johnson

Management

For

For

1j

Elect Director Kevin T. Kabat

Management

For

For

1k

Elect Director Cassandra S. Lee

Management

For

For

1l

Elect Director Lloyd M. Yates

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

5

Increase Authorized Common Stock

Management

For

For

6

Require Independent Board Chair

Shareholder

Against

Against

     

 

PINNACLE WEST CAPITAL CORPORATION
Meeting Date:  MAY 17, 2023
Record Date:  MAR 10, 2023
Meeting Type:  ANNUAL

Ticker:  PNW
Security ID:  723484101

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Glynis A. Bryan

Management

For

For

1.2

Elect Director Gonzalo A. de la Melena, Jr.

Management

For

For

1.3

Elect Director Richard P. Fox

Management

For

For

1.4

Elect Director Jeffrey B. Guldner

Management

For

For

1.5

Elect Director Kathryn L. Munro

Management

For

For

1.6

Elect Director Bruce J. Nordstrom

Management

For

For

1.7

Elect Director Paula J. Sims

Management

For

For

1.8

Elect Director William H. Spence

Management

For

For


     

1.9

Elect Director Kristine L. Svinicki

Management

For

For

1.10

Elect Director James E. Trevathan, Jr.

Management

For

For

1.11

Elect Director David P. Wagener - Withdrawn

Management

None

None

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Amend Omnibus Stock Plan

Management

For

For

5

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

6

Require Independent Board Chair

Shareholder

Against

For

     

 

PPL CORPORATION
Meeting Date:  MAY 17, 2023
Record Date:  FEB 28, 2023
Meeting Type:  ANNUAL

Ticker:  PPL
Security ID:  69351T106

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Arthur P. Beattie

Management

For

For

1b

Elect Director Raja Rajamannar

Management

For

For

1c

Elect Director Heather B. Redman

Management

For

For

1d

Elect Director Craig A. Rogerson

Management

For

For

1e

Elect Director Vincent Sorgi

Management

For

For

1f

Elect Director Linda G. Sullivan

Management

For

For

1g

Elect Director Natica von Althann

Management

For

For

1h

Elect Director Keith H. Williamson

Management

For

For

1i

Elect Director Phoebe A. Wood

Management

For

For

1j

Elect Director Armando Zagalo de Lima

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

5

Require Independent Board Chair

Shareholder

Against

Against

     

 

PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED
Meeting Date:  APR 18, 2023
Record Date:  FEB 17, 2023
Meeting Type:  ANNUAL

Ticker:  PEG
Security ID:  744573106

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1.1

Elect Director Ralph A. LaRossa

Management

For

For

1.2

Elect Director Susan Tomasky

Management

For

For

1.3

Elect Director Willie A. Deese

Management

For

For

1.4

Elect Director Jamie M. Gentoso

Management

For

For

1.5

Elect Director Barry H. Ostrowsky

Management

For

For

1.6

Elect Director Valerie A. Smith

Management

For

For


     

1.7

Elect Director Scott G. Stephenson

Management

For

For

1.8

Elect Director Laura A. Sugg

Management

For

For

1.9

Elect Director John P. Surma

Management

For

For

1.10

Elect Director Alfred W. Zollar

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4a

Eliminate Supermajority Vote Requirements for Certain Business Combinations

Management

For

For

4b

Eliminate Supermajority Vote Requirements to Remove a Director Without Cause

Management

For

For

4c

Eliminate Supermajority Vote Requirement to Make Certain Amendments to By-Laws

Management

For

For

5

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

     

 

SEMPRA ENERGY
Meeting Date:  MAY 12, 2023
Record Date:  MAR 17, 2023
Meeting Type:  ANNUAL

Ticker:  SRE
Security ID:  816851109

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Andres Conesa

Management

For

For

1b

Elect Director Pablo A. Ferrero

Management

For

For

1c

Elect Director Jeffrey W. Martin

Management

For

For

1d

Elect Director Bethany J. Mayer

Management

For

For

1e

Elect Director Michael N. Mears

Management

For

For

1f

Elect Director Jack T. Taylor

Management

For

For

1g

Elect Director Cynthia L. Walker

Management

For

For

1h

Elect Director Cynthia J. Warner

Management

For

For

1i

Elect Director James C. Yardley

Management

For

For

2

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

3

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

4

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

5

Increase Authorized Common Stock

Management

For

For

6

Change Company Name to Sempra

Management

For

For

7

Amend Articles of Incorporation

Management

For

For

8

Require Independent Board Chair

Shareholder

Against

Against

     

 

SOUTH32 LTD.
Meeting Date:  OCT 27, 2022
Record Date:  SEP 16, 2022
Meeting Type:  ANNUAL

Ticker:  S32
Security ID:  84473L105

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast


     

2a

Elect Frank Cooper as Director

Management

For

For

2b

Elect Ntombifuthi (Futhi) Mtoba as Director

Management

For

For

3

Approve Remuneration Report

Management

For

For

4

Approve Grant of Rights to Graham Kerr

Management

For

For

5

Approve Advisory Vote on Climate Change Action Plan

Management

For

For

     

 

THE SOUTHERN COMPANY
Meeting Date:  MAY 24, 2023
Record Date:  MAR 27, 2023
Meeting Type:  ANNUAL

Ticker:  SO
Security ID:  842587107

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

1a

Elect Director Janaki Akella

Management

For

For

1b

Elect Director Henry A. "Hal" Clark, III

Management

For

For

1c

Elect Director Anthony F. "Tony" Earley, Jr.

Management

For

For

1d

Elect Director Thomas A. Fanning

Management

For

For

1e

Elect Director David J. Grain

Management

For

For

1f

Elect Director Colette D. Honorable

Management

For

For

1g

Elect Director Donald M. James

Management

For

For

1h

Elect Director John D. Johns

Management

For

For

1i

Elect Director Dale E. Klein

Management

For

For

1j

Elect Director David E. Meador

Management

For

For

1k

Elect Director Ernest J. Moniz

Management

For

For

1l

Elect Director William G. Smith, Jr.

Management

For

For

1m

Elect Director Kristine L. Svinicki

Management

For

For

1n

Elect Director Lizanne Thomas

Management

For

For

1o

Elect Director Christopher C. Womack

Management

For

For

1p

Elect Director E. Jenner Wood, III

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

5

Eliminate Supermajority Vote Requirement

Management

For

For

6

Adopt Simple Majority Vote

Shareholder

Against

Against

7

Adopt Scope 3 GHG Emissions Reduction Targets Aligned with Paris Agreement Goal

Shareholder

Against

Against

8

Report on Feasibility of Net-Zero GHG Emissions

Shareholder

Against

Against

     

 

WEC ENERGY GROUP, INC.
Meeting Date:  MAY 04, 2023
Record Date:  FEB 23, 2023
Meeting Type:  ANNUAL

Ticker:  WEC
Security ID:  92939U106

Proposal

Proposal

Proposed By

Management

Vote


     

No

  

Recommendation

Cast

1.1

Elect Director Ave M. Bie

Management

For

For

1.2

Elect Director Curt S. Culver

Management

For

For

1.3

Elect Director Danny L. Cunningham

Management

For

For

1.4

Elect Director William M. Farrow, III

Management

For

For

1.5

Elect Director Cristina A. Garcia-Thomas

Management

For

For

1.6

Elect Director Maria C. Green

Management

For

For

1.7

Elect Director Gale E. Klappa

Management

For

For

1.8

Elect Director Thomas K. Lane

Management

For

For

1.9

Elect Director Scott J. Lauber

Management

For

For

1.10

Elect Director Ulice Payne, Jr.

Management

For

For

1.11

Elect Director Mary Ellen Stanek

Management

For

For

1.12

Elect Director Glen E. Tellock

Management

For

For

2

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

     

 

WOODSIDE ENERGY GROUP LTD.
Meeting Date:  APR 28, 2023
Record Date:  MAR 27, 2023
Meeting Type:  ANNUAL

Ticker:  WDS
Security ID:  980228308

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast

2a

Elect Ian Macfarlane as Director

Management

For

For

2b

Elect Larry Archibald as Director

Management

For

For

2c

Elect Swee Chen Goh as Director

Management

For

For

2d

Elect Arnaud Breuillac as Director

Management

For

For

2e

Elect Angela Minas as Director

Management

For

For

3

Approve Remuneration Report

Management

For

For

4

Approve Grant of Restricted Shares and Performance Rights to Meg O'Neill

Management

For

For

5

Approve the Increase in Maximum Aggregate Remuneration of Non-Executive Directors

Management

None

For

6a

Approve the Amendments to the Company's Constitution

Shareholder

Against

Against

6b

Approve Contingent Resolution - Capital Protection

Shareholder

Against

Against

     

 

XCEL ENERGY INC.
Meeting Date:  MAY 24, 2023
Record Date:  MAR 27, 2023
Meeting Type:  ANNUAL

Ticker:  XEL
Security ID:  98389B100

Proposal No

Proposal

Proposed By

Management Recommendation

Vote Cast


     

1a

Elect Director Megan Burkhart

Management

For

For

1b

Elect Director Lynn Casey

Management

For

For

1c

Elect Director Bob Frenzel

Management

For

For

1d

Elect Director Netha Johnson

Management

For

For

1e

Elect Director Patricia Kampling

Management

For

For

1f

Elect Director George Kehl

Management

For

For

1g

Elect Director Richard O'Brien

Management

For

For

1h

Elect Director Charles Pardee

Management

For

For

1i

Elect Director Christopher Policinski

Management

For

For

1j

Elect Director James Prokopanko

Management

For

For

1k

Elect Director Kim Williams

Management

For

For

1l

Elect Director Daniel Yohannes

Management

For

For

2

Advisory Vote to Ratify Named Executive Officers' Compensation

Management

For

For

3

Advisory Vote on Say on Pay Frequency

Management

One Year

One Year

4

Ratify Deloitte & Touche LLP as Auditors

Management

For

For

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Franklin Universal Trust______

By (Signature and Title)* /s/MATTHEW T. HINKLE__

Matthew T. Hinkle,

Chief Executive Officer – Finance and Administration

Date August 24, 2023__

* Print the name and title of each signing officer under his or her signature.



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