CMSCMS Energy
CMS Energy was formed as a corporation in Michigan in 1987 and is an energy company operating primarily in Michigan. 10-K, Item 1
Deals between CMS and its directors, executives, owners of more than 5% or their families: a relative on the payroll, a plane the company charters from its CEO, a director's company that buys from it. SEC rules (Item 404) make the company list every such deal over $120,000 in its proxy statement. Below: what the proxy filed 2026-03-26 reports that the one filed 2025-03-20 did not, quoted as filed.
New this year
1 newParagraphs about a deal, a person or a relative with nothing like them in the proxy filed 2025-03-20.
Related Party Transactions“Angela Thompkins, a sister to Tonya Berry, an executive officer, is employed by the Corporation in a non-executive officer position and received compensation approved by the Compensation Committee in accordance with its compensation practices described in our Compensation Discussion and Analysis. Leslie Youngdahl, a sister, and Clay McAndrews, a brother-in-law to Lauren Snyder, an executive officer, are employed by the Corporation in non-officer positions and received compensation in accordance with compensation practices outlined in our internal employee handbook.”
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The whole section 8 paragraphs, proxy filed 2026-03-26
Related Party Transactions“CMS, Consumers or their subsidiaries may occasionally enter into transactions with Related Parties. “Related Parties” include Directors or executive officers, beneficial owners of more than 5% of our common stock, family members of such persons, and entities in which such persons have a direct or indirect material interest. As set forth in our Codes, we consider a related party transaction to have occurred when a Related Party enters into a transaction in which we are participating, the transaction amount is more than $10,000 and the Related Party has or will have a direct or indirect material interest (“Related Party Transaction”). Any Related Party Transaction must be reported to us.”
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Related Party Transactions“In accordance with our Codes and the Audit Committee Charter, Related Party Transactions must be pre-approved by the Audit Committee. In drawing its conclusion on any approval request, the Audit Committee considers the following factors:”
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Related Party Transactions“whether the transaction involves the provision of goods or services that are available from unaffiliated third parties;”
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Related Party Transactions“whether the terms of the proposed transaction are at least as favorable as those that might be achieved with an unaffiliated third party;”
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Related Party Transactions“the size of the transaction and the amount of consideration payable to a Related Party;”
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Related Party Transactions“the nature of the interest of the applicable Related Party; and • whether the transaction may involve an actual or apparent conflict of interest, or embarrassment or potential embarrassment when disclosed.”
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Related Party Transactions“The policies and procedures relating to the Audit Committee's approval of Related Party Transactions are found in the Codes, which are available at cmsenergy.com/corporate-governance/compliance-and-ethics/default.aspx, and do not apply to management contracts or compensation plans as approved under separate policies.”
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Related Party Transactions“Angela Thompkins, a sister to Tonya Berry, an executive officer, is employed by the Corporation in a non-executive officer position and received compensation approved by the Compensation Committee in accordance with its compensation practices described in our Compensation Discussion and Analysis. Leslie Youngdahl, a sister, and Clay McAndrews, a brother-in-law to Lauren Snyder, an executive officer, are employed by the Corporation in non-officer positions and received compensation in accordance with compensation practices outlined in our internal employee handbook.”
Read it in the proxy ↗
Paragraphs are compared by their words, not read by AI: one counts as new when no paragraph last year shares half of its words, or when it names a person or company last year's section did not. A deal reported again with a new amount is not new. Always check the filing. Open the proxy ↗ · Last year's proxy ↗
Work on CMS in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
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