Pepco Holdings 8-K 2012
Documents found in this filing:
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 26, 2012
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
(c) On March 26, 2012, Pepco Holdings Inc. (the Company) announced that effective April 9, 2012, Frederick J. Boyle will be appointed Senior Vice President and Chief Financial Officer of the Company and each of its utility subsidiaries, Potomac Electric Power Company (Pepco) and Delmarva Power & Light Company (Delmarva) and Chief Financial Officer of Atlantic City Electric Company (ACE). Mr. Boyle, age 54, was Senior Vice President and Chief Financial Officer of DPL Inc., the holding company for Dayton Power & Light Company, from 2008 until it was acquired in 2011. From 2006 to 2008, Mr. Boyle held a variety of positions at DPL, including Vice President, Finance, Controller, Chief Accounting Officer and Treasurer.
In connection with his appointment as Senior Vice President and Chief Financial Officer of the Company, Mr. Boyle and the Company entered into a letter agreement defining the terms of Mr. Boyle’s employment. The following is a description of the material terms of his employment as set forth in the letter:
Mr. Boyle will also be entitled to participate in other of the Company’s benefit plans and arrangements available generally to officers and employees of the Company, in accordance with the terms of each such plan or arrangement, including a $975 per month car allowance.
There are no transactions between the Company and Mr. Boyle reportable under Item 404(a) of Regulation S-K.
Also on March 26, 2012, the Company announced that effective April 9, 2012, Anthony J. Kamerick, the Company’s Senior Vice President and Chief Financial Officer, will be promoted to Executive Vice President and Chief Regulatory Officer of the Company, Pepco and Delmarva and Chief Regulatory Officer of ACE. Mr. Kamerick, age 64, joined Pepco in October 1970 and has held a variety of positions, including Vice President and Treasurer of the Company from August 2002 through February 2009, and Senior Vice President and Chief Regulatory Officer of the Company from March 2009 through June 2009. Mr. Kamerick was appointed to his current position with the Company in June 2009. Mr. Kamerick also holds similar positions with Pepco and Delmarva, and is the Chief Financial Officer of ACE, which positions he has held since June 2009. Mr. Kamerick has also served as a director of Pepco since June 2009.
In February 2012, Mr. Kamerick announced his intent to retire from his officer and director positions with the Company and its subsidiaries in January 2013. It is anticipated that, except as described above, Mr. Kamerick will retain his current officer and director positions with the Company's subsidiaries until his retirement in 2013. The Company does not anticipate any changes in Mr. Kamerick’s compensation as a result of his promotion to Executive Vice President and Chief Regulatory Officer.
The Pepco Holdings, Inc. Presentation for the Analyst Conference to be held March 27, 2012, attached hereto as Exhibit 99, is hereby incorporated by reference. The information being furnished pursuant to Item 7.01, including Exhibit 99, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Exhibit Filed Herewith
Exhibit Furnished Herewith