Eversource Energy Subsidiaries File 8-K with Corporate Updates

Ticker: CNLHN · Form: 8-K · Filed: May 1, 2024 · CIK: 23426

Sentiment: neutral

Topics: corporate-events, financial-reporting, subsidiary-disclosure

Related Tickers: ES

TL;DR

Eversource subsidiaries filed an 8-K detailing operations, shareholder votes, and financial exhibits.

AI Summary

On May 1, 2024, Connecticut Light & Power Co., a subsidiary of Eversource Energy, filed an 8-K to report on various corporate events. These include updates on results of operations, matters submitted to security holders, and other events, along with financial statements and exhibits. The filing also details the company's structure, including its parent Eversource Energy and related entities like Public Service Co. of New Hampshire and NSTAR Electric Co.

Why It Matters

This filing provides transparency into the operational and financial reporting of Eversource Energy's subsidiaries, impacting investors' understanding of the group's overall performance and governance.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of corporate events and financial information, not indicating any immediate financial distress or significant new risks.

Key Players & Entities

FAQ

What specific financial statements or exhibits are included in this 8-K filing?

The filing indicates that 'Financial Statements and Exhibits' are included as an item, but the specific details of these documents are not provided in the provided text.

What is the primary purpose of this 8-K filing for Connecticut Light & Power Co.?

The primary purpose is to report on Results of Operations and Financial Condition, Submission of Matters to a Vote of Security Holders, Regulation FD Disclosure, Other Events, and Financial Statements and Exhibits.

When was this 8-K filing submitted?

The filing was submitted on May 1, 2024.

Who is the parent company of Connecticut Light & Power Co.?

The parent company is Eversource Energy.

What other related companies are mentioned in the filing data?

Public Service Co of New Hampshire and NSTAR Electric Co are also mentioned as related entities.

Filing Stats: 1,410 words · 6 min read · ~5 pages · Grade level 11.7 · Accepted 2024-05-01 17:13:10

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Conditions

Item 2.02 Results of Operations and Financial Conditions. On May 1, 2024, Eversource Energy (the "Company") issued a news release announcing its unaudited results of operations for the three months ended March 31, 2024, and related financial information for certain of its subsidiaries as of and for the same period. A copy of the news release and related unaudited financial reports are attached as Exhibits 99.1 and 99.2, and are incorporated herein by reference thereto. The information contained in this Item 2.02, including Exhibits 99.1 and 99.2, shall not be deemed "filed" with the Securities and Exchange Commission ("SEC") nor incorporated by reference in any registration statement filed by Eversource Energy or any subsidiary thereof under the Securities Act of 1933, as amended (the "Securities Act"), unless specified otherwise.

07 Submission of Matters to a Vote of Security Holders

Item 5.07 Submission of Matters to a Vote of Security Holders. (a)On May 1, 2024, the Company held its 2024 Annual Meeting of Shareholders. (b) Shareholders voted on the proposals set forth below. For more information on the following proposals, see the Company's Proxy Statement dated March 22, 2024. On March 5, 2024, the record date for the Annual Meeting, there were 350,726,912 common shares outstanding and entitled to vote. At the Annual Meeting, 313,264,160 common shares were represented, in person or by proxy, constituting a quorum. (1) Election of Trustees. The shareholders elected each of the nine nominees to the Board of Trustees for a one-year term by a majority of the outstanding common shares: Trustee For Against Abstained Broker Non-Votes Cotton M. Cleveland 247,624,956 36,292,337 828,531 28,518,334 Linda Dorcena Forry 279,341,554 4,556,129 848,142 28,518,334 Gregory M. Jones 279,188,450 4,659,706 897,668 28,518,334 Lorretta D. Keane 281,686,380 2,234,817 824,628 28,518,334 John Y. Kim 278,351,267 5,556,493 838,065 28,518,334 David H. Long 276,340,578 7,560,805 844,442 28,518,334 Joseph R. Nolan, Jr. 249,774,655 33,486,908 1,484,261 28,518,334 Daniel J. Nova 281,329,889 2,545,778 870,158 28,518,334 Frederica M. Williams 261,821,952 22,081,112 842,760 28,518,334 (2) The shareholders approved, on an advisory basis, the compensation of the Company's 2023 Named Executive Officers: For Against Abstained Broker Non-Votes 241,625,181 40,687,963 2,432,680 28,518,334 (3) The shareholders ratified the selection of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2024: For Against Abstained Broker Non-Votes 290,149,346 21,403,597 1,711,216 0 (4) The shareholders approved a shareholder proposal titled "Simple Majority Vote." For Against Abstained Broker Non-Votes 265,925,082 11,998,641 6,822,102 28,518,334 Section 7 Regulatio

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On May 2, 2024, Eversource Energy will webcast a conference call with financial analysts during which senior management will discuss the Company's financial performance through the first quarter of 2024. The webcast will be accessible from the Investors section of the Eversource Energy website at www.eversource.com. Attached as Exhibit99.3 and incorporated herein by reference are the slides to be discussed by Eversource Energy during the conference call. The information contained in this Item 7.01, including Exhibit 99.3, shall not be deemed "filed" with the SEC nor incorporated by reference into any registration statement filed by Eversource Energy or any subsidiary thereof under the Securities Act, unless specified otherwise. Section 8 Other Events

01 Other Events

Item 8.01 Other Events. On May 1, 2024, the Board of Trustees of the Company appointed Daniel J. Nova as the Lead Independent Trustee and the Chair of the Compensation Committee. Mr. Nova has been a General Partner of Highland Capital Partners, a global venture capital firm, since 1996. From October 2020 to December 2022, Mr. Nova also served as the Chief Investment Officer and a director of Highland Transcend Partners I Corp., a publicly traded special purpose acquisition company. Mr. Nova currently serves as a director and a member of the Audit and Compensation Committees of Rent the Runway, Inc., a publicly traded online subscription service for clothing, and he serves as a director and member of the Compensation Committee of ThredUp Inc., a publicly traded online resale platform. The Board of Trustees also appointed Loretta D. Keane as the Chair of the Audit Committee and affirmatively determined that Ms. Keane is an "audit committee financial expert" as defined by the SEC. Ms. Keane has served as Chief Financial Officer of Arcadia Solutions, LLC, a Boston based healthcare data platform service provider, since 2018. Ms. Keane's career includes nearly 40 years in accounting and finance, including the last 26 years serving as the chief financial officer for several software and technology-enabled service companies. She is familiar with Audit Committee functions through her service as Vice Chair of the Audit Committee, having served in that role since January 1, 2023. She began her career as a Certified Public Accountant for PricewaterhouseCoopers in the Boston and London offices. Section 9 Financial

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 99.1 News Release of Eversource Energy dated May 1, 2024. 99.2 Financial Report for the three months ended March 31, 2024. 99.3 May 2, 2024 presentation slides. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. EVERSOURCE ENERGY THE CONNECTICUT LIGHT AND POWER COMPANY NSTAR ELECTRIC COMPANY PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE (Registrants) May 1, 2024 By: /s/ Jay S. Buth Jay S. Buth Vice President, Controller and Chief Accounting Officer

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