8-KMaterial AgreementsExhibits & Filings

AMEREN CORP 8-K Report, Material Agreement (Jun 12, 2006)

Filed June 12, 2006For Securities:AEE

Summary

Ameren Corporation (AEE) filed an 8-K on June 12, 2006, reporting significant changes to its non-management director compensation structure, effective June 9, 2006. The annual cash retainer for directors has been more than doubled, increasing from $20,000 to $50,000. Additionally, the per-meeting attendance fee for Board Committee meetings has been raised from $1,000 to $1,500. These adjustments were made following a recommendation from the Nominating and Corporate Governance Committee and approval by the Board of Directors, based on a consultant's report benchmarking Ameren's director compensation against peer companies.

Key Highlights

  • 1Non-management director annual cash retainer increased from $20,000 to $50,000.
  • 2Board Committee meeting attendance fee increased from $1,000 to $1,500.
  • 3These compensation changes were approved by the Board of Directors on June 9, 2006.
  • 4The adjustments are based on a third-party consultant's report comparing Ameren's director pay to peer companies.
  • 5The changes reflect a strategic decision to align director compensation with industry standards.
  • 6This filing primarily details executive compensation adjustments, with no immediate impact on core business operations or financial results disclosed.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose material changes to Ameren Corporation's non-management director compensation, specifically an increase in annual retainers and committee meeting fees.

The increase in director compensation was implemented to align Ameren's pay structure with that of its peer companies, as recommended by a third-party consultant's report and approved by the Board.

The new annual cash retainer for non-management directors is $50,000, a significant increase from the previous $20,000.

This filing primarily addresses changes in director compensation, which is an operational and governance matter. While it represents an increase in corporate expenses, the direct and immediate impact on Ameren's overall financial performance or share price is not detailed in this specific report.