8-KLeadership ChangesMaterial Agreements

AMEREN CORP 8-K Report, Material Agreement (Oct 13, 2006)

Filed October 13, 2006For Securities:AEE

Summary

This 8-K filing from Ameren Corporation (AEE) on October 13, 2006, primarily reports on two key events. Firstly, the election of Stephen F. Brauer to the Board of Directors, filling a vacancy and appointing him to the Audit Committee and Public Policy Committee. Mr. Brauer's background as Chairman and CEO of Hunter Engineering Company is noted, along with his compensation structure for board service which is consistent with prior disclosures. Secondly, the filing addresses a potential related-party transaction. While AmerenUE, a subsidiary, does engage in business transactions with Hunter Engineering Company for regulated energy services, the report clarifies that Mr. Brauer himself had no prior or current business relationship with Ameren or its subsidiaries that would require disclosure under SEC regulations. This is an important disclosure for maintaining transparency and investor confidence regarding board appointments and potential conflicts of interest.

Key Highlights

  • 1Stephen F. Brauer elected to Ameren Corporation's Board of Directors.
  • 2Mr. Brauer appointed to the Audit Committee and Public Policy Committee.
  • 3Mr. Brauer's current role as Chairman and CEO of Hunter Engineering Company is disclosed.
  • 4Director compensation for Mr. Brauer will be in line with existing company policies.
  • 5AmerenUE, a subsidiary, has standard utility service transactions with Hunter Engineering Company.
  • 6No reportable related-party transactions exist between Mr. Brauer and Ameren or its subsidiaries.

Frequently Asked Questions

Stephen F. Brauer has been elected to the Board of Directors of Ameren Corporation and will serve on the Audit Committee and Public Policy Committee. He is also the Chairman and CEO of Hunter Engineering Company.

The filing explicitly states that while AmerenUE (a subsidiary) provides regulated energy services to Hunter Engineering Company, Mr. Brauer himself has had no business relationships with Ameren or its subsidiaries that would require disclosure under SEC regulations, mitigating concerns about direct conflicts of interest.

Mr. Brauer will receive director's compensation for his service on the Board of Directors and its committees, consistent with the compensation discussed in Ameren's prior 8-K filing dated June 12, 2006.

Hunter Engineering Company designs, manufactures, and sells computer-based automotive service equipment worldwide.