8-KLeadership Changes

AMEREN CORP 8-K Report, Executive Changes (Oct 15, 2019)

Filed October 15, 2019For Securities:AEE

Summary

This 8-K filing announces significant leadership changes within Ameren Corporation (AEE) and its primary subsidiary, Ameren Missouri, effective December 1, 2019. Michael L. Moehn has been appointed as the new Executive Vice President and Chief Financial Officer (CFO) of Ameren, transitioning from his role as Chairman and President of Ameren Missouri. Concurrently, Martin J. Lyons, Jr. will move from his position as Executive Vice President and CFO of Ameren to become the Chairman and President of Ameren Missouri. These executive shifts are accompanied by adjustments to compensation for both individuals. Mr. Moehn's base salary will increase, and his target cash incentive award percentage will also be raised. Mr. Lyons will also receive a base salary increase. These changes reflect the company's strategic placement of key talent and provide updated compensation packages for these elevated roles. Investors should monitor the performance of both executives in their new capacities and consider the impact of these leadership transitions on Ameren's financial strategy and operational execution.

Key Highlights

  • 1Michael L. Moehn appointed Executive Vice President and CFO of Ameren, effective December 1, 2019.
  • 2Martin J. Lyons, Jr. appointed Chairman and President of Ameren Missouri, effective December 1, 2019.
  • 3Mr. Moehn relinquishes his role as Chairman and President of Ameren Missouri.
  • 4Mr. Lyons relinquishes his role as Executive Vice President and CFO of Ameren.
  • 5Mr. Moehn's base salary will increase from $580,000 to $700,000.
  • 6Mr. Lyons' base salary will increase from $705,000 to $740,000.
  • 7Mr. Moehn's target cash award under the executive incentive plan will increase from 70% to 75% of his base salary.

Frequently Asked Questions

Ameren Corporation announced that Michael L. Moehn will become the new Executive Vice President and Chief Financial Officer (CFO), effective December 1, 2019. Concurrently, Martin J. Lyons, Jr. will move from his role as Executive Vice President and CFO to become the Chairman and President of Ameren Missouri.

Mr. Moehn's base salary will increase from $580,000 to $700,000, and his target cash incentive award percentage will rise from 70% to 75% of his base salary. Mr. Lyons' base salary will increase from $705,000 to $740,000.

All appointments and salary adjustments are effective as of December 1, 2019.

The long-term incentive award targets for 2020 for all executive officers, including Mr. Moehn and Mr. Lyons, will be determined by the Human Resources Committee in December 2019.