Pinnacle West Capital Corp DEF 14A, filed Apr 5, 2022
Pinnacle West Capital Corp (PNW)
DEF 14A
2022-04-05
For: 2022-05-18
View Original
Added on
June 12, 2026
About this DEF 14A
Pinnacle West Capital Corp filed this DEF 14A on April 5, 2022.
begin 644 footer.jpg
M_]C_X 02D9)1@ ! 0 0 ! #_VP!# $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P 1" ; (L# 2( A$! Q$!_\0
M'P 04! 0$! 0$ $" P0%!@<("0H+_\0 M1 @$# P($ P4%
M! 0 %] 0(# 01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$ P$! 0$!
M 0$! 0 $" P0%!@<("0H+_\0 M1$ @$"! 0#! <%! 0 0)W $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,! (1 Q$ /P#^HW]FKX5^
M&/BM^T7_ ,%+-$\?:G\1M>TOP9^U1XMZ1X3AT/QQID?AG3I_%WB[Q'KMM:Z$NGQZ=?:I,^G"U2*V2#P+X9?M,_M&?
M"#]ASXX_$3P1X^T[XM:#\,?^"A,O[/O[/'Q.^/EOXQ^+TOQ0_9J\:_M%?#/X
M#Z'K\WCK3_B!X0\2_$&\\!>-_B-XJTW2/B5JGB;Q&?'6D?#%M.N;FXDU^#Q;
MI/LG[(VA_ 3XZ?M/_P#!4C0?%FB?";XN_P!D?M<>%KRUT3Q/I'A'QTVF6B?L
MO_ WX=^([RVTS6+74VM+-_&'@7Q/X,U6\A@2WFUWPEK.A7$KWFBW=O;^B_\
M!5W6/ OPY_8>73+_ %/PIX%T*'X]_L3:/X:TVYN])\-Z5%8^$/VM?@=XNU#2
M]!LI'L[5;3PO\/\ P;XE\47ECIT7E:)X.\*:[K.I5(
MT7AX9\X5:4VIU6\5B?8\TE:*A1=.,J:O4;:@HN$%*$Y?VU/VXO'O[%?QF_9Y
MG\5^$M$\8_LO>-/!GQ#UO]HOQCX?\.ZV/'_P)TSP7XO^#W@:#XR10P^+=1B\
M3?#"/Q1\%_B
M1\)=':^TV^\>:+I'A!?$^A>&4;Q9HU_XCT2YU:X\(Z_Q(\5_"?Q/^W=^SY\,
M=?\ $7P_\17'C/\ 8R_;%L[KP!J^I^']7;Q5X:\;_$7]CZYL;*Y\,WDUPNMZ
M-XQ\-^!?B)-/$2WE[K7[#_Q-US4A>6U_P"%
MM:A?5-1_9QU/Q=)'J>JZ2=5^%LVI^,+S3=-BT3FP]'"SH823PD:F*I8:M6KX
M:3E!9E@GB,3&I.C+65+'82G!U*%^[OC'\7/&5BG[,
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MX$:QC?!WQ
M:/$O[)7A;1_A/8_LZ^.?"WCOX/?#J;6M"^)&H>)Q\7_@S\:WLY_B1\5/$GQ*
MMHYO!NL:'X<^(OP4\/? _P 5W6GWYETV^#^IX/#U<)6J2IXC+HT_K#JM2IO$
MPK8BI"E0K>Q56I1Q,8TZL:E)\ZC/#55"4Z+C6D?6\77IXJC3C4H9A*I['V2<
M*GU>=+#TIU:U'VSITZV&E*I3<:J<.:.(IH3?V380>*
M?%'B#2DO?$4YNK+0_#PU/Q$]KJ$&G&TN,"[T_P#;CB\.6VNVOC/]EBY\5):V
MVI7_ ,-%^%?Q771I;MDCFOO!^F?&:7XTP7+"V=I].L/B#?\ P0MDU0P0:K=_
M#C04NY=+L?Q.\,+\1/BI^PE;_L_^"IH/C3^U5_P1M_;3^'NIV/PXT?6M.L]:
M^/7P\_9"^*DC_#B72[*VO+Z;=XQ^!AG\+Z[TSX_?#VS\2ZP]E8+\)M2#3[GP!<^#%\5QWX-LFE2,4+QB,OG@Z:C0HQQ=6GC<52KU/8N
MM>A&&'G@Y>Q?.Z5'%49SKTJRC"=52G"-2]"2C6'Q\,9/FKU986G/"8>I0A[9
M4DJ\I5H8N/M4XJK6PU:"H5:3E.%-QC.4+5DWDZ5\??BA=?\ !0[QE^RQ=1^
MF^%&@_LD^!?VAM.OX/#?B&'XA'Q%XR^*OC;X9OH%[K\GC:X\-W.BV \ ZAK:
MRP>#+*^N#KMGIIEB_L6;4-:@_;0^-_QE^#6I?LJZ)\'K[X9Z?>?M _M,:#^S
MYKFH?$KP'XJ\>6WA^W\3_#GXD^.;'Q5I6F^%_BC\+Y;B;2[CX<2Z;>:1>:FT
M>IPZY'=0ZCI;Z0T&K?)WBGX]_ SX1?\ !8?XFZM\6/C1\)_AAI2?\$Z_@EX/
M?4_B'\1?"'@K3U\7)^T3\^)=8TRU'B-/"VN:+XE?0_-_M1/#^L:5
MK+6HT[4;.YFYC_@H;\?OV8?B[H7[ FOVOQP\ ZE\)A_P42\,KKWQ"T'XJ#PC
MX<70?!/P/^.FG^,_$N@_%'P_XAT Q>'O"6M^*/#.B:YXY\*^)DT?1M?U>RT"
M[UN'4[HV+Z4\!?&X!_59O#UZI::V3_4[X::3^T3I
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M>WL<%BZ4E5>%QE.4O9UYXI.C7(Y6KN="$;>ZDI?#[PIX>6ZNETNP\!V7AZ"8&R^S6_(:-J?[3/[*VA_\
M$W?V7?#'BKX=I\1OVCD\?Z#\=?'/QCT/XI_'N\T?XM>%/@+XD^.GC'5_#5\W
MQR^'NKZGX8E\1>$]:\$>'O#VI:V8M"\,W?A]],OXK/PV-$U7'_:L_9W\?WW_
M 41^ WB/P#8,OPH_:Y\&:!\,_VJ;B& _P!GV=O^R+\1=&_:5^'NH:U;B&:U
MUE_BIX=T_P 9_L\ZQ:ZBH@;P7XJO5#B2UMD?1_X*1>(?@QI_[4O_ 3/T[XU
M_$;0/AUX'A^*O[1^L^+M%_[2M]?TRTU;5=-K4Z$W:5/ZL](23EY\Y8BE1K>UE*+P&,PV!I5I
MU9TO:4,5F6%FW*NES6^H3PE*I6BFXU'B%=RC*WT=\;_CY\;?V-_@)\;/CK\?
M]8^#'Q:T7P9IWPXM_A^/AUX-\8_ 6V;QAX\\=1?#@V'Q,F\8?$OX\V^A> M/
MU[Q1X U;4_B'HU]>W^A^&9/'-[/X"U.?P]H\7B+V>SLOVM+'6;>[G\:_LZ^.
M?"]]X9\1+_9^G_#+XC?#?5=+\6_V.]UX.U-?$+_ (A>%O@GX_NOBM!\
M,_#GPET7X?:GX)O_ !SI\WC"XLO#NN>#? GQ"NM(XX8=3I8CGHU*%>F\5-UL
M1E\88:K3IX2E6I4*BC*V!KI0G.FZ4*BQ$\52524(14GV3KRA5H.-:%:A..&A
M&C0QTY8BG5J8NI3J5H.4?]MH-RA"HJLZ;H4\-5E",IS<5[YXZ^*_[*Y?&%O\ LL_%ZTMO!T_P,T_X9WL^FQZ!+^V=
M/+XCB\4-\0WBBOFUK0'T5=&5WL=6.I%-/_03X;V_Q-M/!]A;?%_6/ ^O^/H;
M_P 1)JFM?#;PWKOA#P?J6ECQ)J__ B=U8>&/%'BKQQK6B7[^$/[!_X2*PN/
M%WB"WB\2C5_[,U*;2S98_._]I+QMX-TS_@J5_P $W?#NH^*_#MAKX^$O[;*G
M1;O6=/M]41O&>F? ZR\'))8RW"W,+^+;SP=XOM/"R2QH_B&Z\*>);?1UO9M!
MU5+3]3*YC2E.<M:]HESXG\0Z;;6/AOQ _A?Q#XG\)
M>);WPWJMKJ%\ES;:#XE\&^(]*U6UU./2=:LA9V6KRZ4N@:_X+3X
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M$%O-/ %GX>\5Q3^!Y+
M2TU'Q3%/#6D)ZI=7M_-#8:=:6UI ;FZFE$4*!I&)+_#O@SP_IGQ9^(/BFRM[Z'6-9
MTSP[>:BS:WKDVFS7NIZ?9Z%?WL>@SZE+H5I>76D?#SP=8RW=GIMO<&+18R)!
M)>:B]V):/R6GWI?J--M)Z:VO]W0SO!GQT\)>-_#GQ \3Z=IGB:QL/AY%M \;>(-7TJ9- N->%OX"AU6XUFUL)]+\0Z
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MMMM>*;R
M5A;:9X>O[D-"NC\:/"/A_P 5?#G4]'UJREEL+.;2=0LX[#4=3T6:TO-.U"T^
MQS6UYHEYIU[;^2K-'Y<5PD4D+-#*CQ,R'+^)/PW\%ZOI/@G3[_11+:> G.H^
M#XXM0U6T?0=0\/:;')H=]9SV=];W!N]*ET^SFL;F>66:WGMXYT<3 N4G%V=G
M9N[[V:5OFN_Y[#L_+ITZIZO[K?\ .R\1_$30O#/C3X>>!+^WU2?6OB5<>)H
M-"DLK6*;3[)/">B'7-4N];N7N87L;5XVM=/LY8H+II]5O[&T9(EF,R,T_P ?
MQ:A\3/$GPS7POXFM[KPSX4\.>+[OQ3QQWVA/J_->// /A+Q/XX\%>*M=TA;_ ,0>
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*:FJ%JD^Z11__V0$!
end