FirstEnergy Corp. Amends Director and Officer Filings
Ticker: FE · Form: 8-K/A · Filed: Mar 25, 2024 · CIK: 1031296
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
TL;DR
FirstEnergy amended its 8-K filing regarding director/officer changes and compensation.
AI Summary
FirstEnergy Corp. filed an amendment (8-K/A) on March 25, 2024, to its report originally dated February 14, 2024. This amendment pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. Specific details regarding the individuals involved, their roles, and the exact nature of the changes are not provided in this excerpt.
Why It Matters
This filing indicates potential changes in the company's leadership or executive compensation structure, which could impact corporate governance and investor confidence.
Risk Assessment
Risk Level: medium — Amendments to director and officer filings can signal underlying issues or significant corporate governance changes that may affect the company's stability and future performance.
Key Players & Entities
- FIRSTENERGY CORP (company) — Registrant
- February 14, 2024 (date) — Original report date
- March 25, 2024 (date) — Amendment filing date
FAQ
What specific event prompted the original Form 8-K filing on February 14, 2024?
The filing excerpt does not specify the exact event that prompted the original Form 8-K, only that it relates to director/officer changes and compensation.
What specific changes are detailed in this Amendment No. 1?
The amendment pertains to the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, but the specific details are not in the provided text.
Who are the individuals affected by the changes reported in this filing?
The provided text does not name any specific individuals affected by the reported changes.
What is the primary purpose of filing an 8-K/A amendment?
An 8-K/A is filed to amend or supplement a previously filed Form 8-K, often to correct an error or provide additional information.
What is FirstEnergy Corp.'s state of incorporation and fiscal year end?
FirstEnergy Corp. is an Ohio Corporation with a fiscal year end of December 31.
Filing Stats: 1,545 words · 6 min read · ~5 pages · Grade level 18.6 · Accepted 2024-03-25 16:44:40
Key Financial Figures
- $0.10 — ange on which registered Common Stock, $0.10 par value per share FE New York Stock E
Filing Documents
- fe-20240214.htm (8-K/A) — 34KB
- fe-20240214_g1.jpg (GRAPHIC) — 3KB
- 0001031296-24-000020.txt ( ) — 166KB
- fe-20240214.xsd (EX-101.SCH) — 2KB
- fe-20240214_lab.xml (EX-101.LAB) — 21KB
- fe-20240214_pre.xml (EX-101.PRE) — 12KB
- fe-20240214_htm.xml (XML) — 3KB
From the Filing
fe-20240214 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K/A Amendment No. 1 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 14, 2024 Commission Registrant; State of Incorporation; I.R.S. Employer File Number Address; and Telephone Number Identification No. 333-21011 FIRSTENERGY CORP 34-1843785 (An Ohio Corporation) 76 South Main Street Akron OH 44308 Telephone (800) 736-3402 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: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.10 par value per share FE New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Explanatory Note This Amendment No. 1 on Form 8-K/A (this "Amendment") amends the information disclosed under Item 5.02 of the Current Report on Form 8-K filed on February 16, 2024 (the "Original Form 8-K") by FirstEnergy Corp. ("FirstEnergy" or the "Company"), which disclosed that the FirstEnergy board of directors (the "Board") appointed Heidi Boyd to serve as a director of the Company, effective February 16, 2024. At the time of filing the Original Form 8-K, the Board had not yet determined Ms. Boyd's committee assignments. The sole purpose of this Amendment is to supplement the Original Form 8-K by providing additional disclosure regarding Ms. Boyd's committee assignments as determined by the Board, pursuant to Item 5.02(d). Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 20, 2024, the Board appointed Ms. Boyd to serve as a member of each of the Audit Committee, the Compensation Committee, and the Governance, Corporate Responsibility and Political Oversight Committee. Ms. Boyd's committee appointments are effective as of March 20, 2024. Except as set forth herein, the Original Form 8-K is unchanged. Forward-Looking Statements: This Form 8-K includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on information currently available to management. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regarding management's intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms "anticipate," "potential," "expect," "forecast," "target," "will," "intend," "believe," "project," "estimate," "plan" and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, which may include the following: the potential liabilities, increased costs and unanticipated developments resulting from government investigations and agreements, including those associated with compliance with or failure to comply with the Deferred Prosecution Agreement entered into July 21, 2021 with the U.S. Attorney's Office for the Southern District of Ohio; the risks and uncertainties associated with government investigations and audits regarding Ohio House Bill 6, as passed by Ohio's 133rd General Assembly ("HB 6") and related matters, including potential adverse impacts on federal or state regulatory matters, including, but not limited to, matters relating to rates; the risks and uncertainties associated with litigation, arbitration, mediation, and similar proceedings, particularly regarding HB 6 related matters, including risks associated with obtaining dismissal of the derivative shareholder lawsuits; changes in national and regional e