Company: ATO
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0000731802-25-000076
Chunk: 67

Company: ATMOS ENERGY CORP
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 67
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 shareholders approve, an amendment to the Existing Articles to be contained in an Amended and Restated Charter which would clarify the indemnification and advancement of expense provisions consistent with the Texas Business Organizations Code and Virginia Stock Corporation Act and current best practices by publicly traded corporations (the “Indemnification Amendment”). |     | The Board of Directors recommends that our shareholders voteFORthe approval of an amendment to the Existing Articles of Incorporation to clarify the indemnification provisions. |

The indemnification provisions in the Existing Articles provide for indemnification and advancement of expenses to the fullest extent permitted by law, but typically these provisions work together with a company’s bylaw provisions such that a company’s charter is broadly permissive, providing for indemnification and advancement of expenses to the fullest extent permitted by law, but refers to the bylaws for more detailed provisions regarding administrative procedure for indemnification and advancement of expenses. Adopting this structure would allow the Company to update procedural requirements related to indemnification and advancement of expenses from time to time in the Company’s Bylaws without need for an amendment to the charter. For these reasons, our Board of Directors determined that the Indemnification Amendment is advisable and in the best interests of the Company and its shareholders.

Please see Appendix D which sets forth the Indemnification Amendment and marks those changes specifically.

Approval of the Indemnification Amendment requires the affirmative vote of the holders of more than two-thirds of the outstanding shares of the Company’s common stock entitled to vote. If the Indemnification Amendment is approved, it will become effective upon filing of an appropriate certificate with the Secretary of State of the State of Texas and upon issuance of a Certificate of Restatement by the Commonwealth of Virginia State Corporation Commission. We anticipate making the necessary filings as soon as practicable following shareholder approval of the Indemnification Amendment. All other sections of the Existing Articles would be maintained in their current form (except to the extent an amendment is approved pursuant to Proposals 4, 5, 6 or 8). For the avoidance of doubt, approval of the proposed amendments contained in Proposals 4, 5, 6, or 8 by the shareholders would not impact the Indemnification Amendment.

Our Board of Directors reserves the right to elect to abandon the Indemnification Amendment at any time before it becomes effective even if it is approved by the shareholders. If the shareholders do not approve the Indemnification Amendment our Existing Articles would remain in effect in their entirety (except to the extent they are amended