8-KLeadership ChangesExhibits & Filings

CMS ENERGY CORP 8-K Report, Executive Changes (Jul 15, 2015)

Filed July 15, 2015For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corporation (CMS) and its principal subsidiary, Consumers Energy Company, announced a change to their Boards of Directors via an 8-K filing on July 15, 2015. John G. Sznewajs was elected to both Boards, increasing the authorized membership from eleven to twelve directors. Mr. Sznewajs brings extensive financial expertise, having served as Vice President, Treasurer, and CFO of Masco Corporation since 2007. His appointment is significant as he will also serve on the Audit and Finance Committees, roles that underscore his financial acumen and are critical for corporate governance. Sznewajs will receive a restricted stock grant and will be compensated in line with other non-employee directors, as detailed in previous filings. This move suggests a strengthening of the board's financial oversight capabilities.

Key Highlights

  • 1John G. Sznewajs appointed to the Boards of Directors for CMS Energy Corporation and Consumers Energy Company, effective July 15, 2015.
  • 2Board membership for both entities increased from eleven to twelve directors.
  • 3Mr. Sznewajs appointed to serve on the Audit and Finance Committees.
  • 4Sznewajs has prior experience as Vice President, Treasurer, and CFO of Masco Corporation.
  • 5No prior relationships or arrangements exist between Sznewajs and CMS Energy/Consumers Energy.
  • 6Sznewajs will receive a restricted stock grant upon joining the board.
  • 7Director compensation will be in line with the established non-employee director compensation structure.

Frequently Asked Questions

John G. Sznewajs is a newly elected director for CMS Energy and Consumers Energy. He has a strong financial background, serving as Vice President, Treasurer, and Chief Financial Officer of Masco Corporation since 2007.

The board size was increased from eleven to twelve members to accommodate the election of the new director, John G. Sznewajs.

Mr. Sznewajs has been appointed to serve on the Audit and Finance Committees of the Boards of Directors.

In connection with his election, Mr. Sznewajs will receive a pro-rata restricted stock grant and will be compensated according to the standard compensation plan for non-employee directors, as previously disclosed in the company's proxy statement.