8-KLeadership ChangesExhibits & Filings

CMS ENERGY CORP 8-K Report, Executive Changes (Nov 15, 2013)

Filed November 15, 2013For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) and its principal subsidiary, Consumers Energy Company, announced on November 15, 2013, the election of Mr. Kurt L. Darrow to their respective Boards of Directors. This move, part of ongoing succession planning, saw the authorized board membership increase from eleven to twelve members. Mr. Darrow, who brings experience as Chairman, President, and CEO of La-Z-Boy Incorporated, has been appointed to serve on the Compensation and Human Resources Committee and the Finance Committee for both boards.

Key Highlights

  • 1Election of Kurt L. Darrow to the Boards of Directors of CMS Energy and Consumers Energy.
  • 2Increase in authorized board membership from eleven to twelve for both CMS Energy and Consumers Energy.
  • 3Mr. Darrow's appointment is attributed to ongoing succession planning efforts.
  • 4Mr. Darrow's external experience includes leadership roles at La-Z-Boy Incorporated.
  • 5Mr. Darrow will serve on the Compensation and Human Resources Committee and the Finance Committee for both boards.
  • 6Mr. Darrow will receive a pro-rata restricted stock grant upon his election, vesting in three years.
  • 7Mr. Darrow will receive standard director compensation as previously disclosed in the company's proxy statement.

Frequently Asked Questions

Kurt L. Darrow is the Chairman, President, and CEO of La-Z-Boy Incorporated. His appointment to the Boards of CMS Energy and Consumers Energy is part of the companies' ongoing succession planning efforts.

The authorized membership for both the CMS Energy and Consumers Energy Boards has been increased from eleven to twelve members to accommodate Mr. Darrow's election.

Mr. Darrow has been appointed to serve on the Compensation and Human Resources Committee and the Finance Committee for both CMS Energy and Consumers Energy.

Mr. Darrow will receive a pro-rata restricted stock grant, which will vest fully three years from the grant date. He will also receive director compensation in line with the company's previously disclosed proxy statement for the May 17, 2013 Annual Meeting of Shareholders.