8-KLeadership ChangesExhibits & Filings

CMS ENERGY CORP 8-K Report, Executive Changes (Nov 8, 2019)

Filed November 8, 2019For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

CMS Energy Corp (CMS) filed an 8-K report on November 8, 2019, to announce a significant change in its Board of Directors. Ronald J. Tanski, former president and CEO of National Fuel Gas Company, has been elected to the Boards of both CMS Energy and its principal subsidiary, Consumers Energy. This appointment follows an increase in the authorized membership of both boards from eleven to twelve members. Mr. Tanski's extensive experience in the energy sector, particularly his long tenure and leadership at National Fuel Gas Company, is expected to bring valuable insights to CMS Energy's governance. He has been appointed to serve on the Compensation and Human Resources and Finance Committees, indicating a strategic placement to leverage his expertise in key areas of corporate oversight. Mr. Tanski will receive a restricted stock grant as part of his compensation and will be subject to standard director compensation practices.

Key Highlights

  • 1Ronald J. Tanski elected to the Boards of Directors of CMS Energy Corporation and Consumers Energy Company, effective November 8, 2019.
  • 2Mr. Tanski previously served as president and chief executive officer of National Fuel Gas Company.
  • 3The authorized membership of both CMS Energy and Consumers Energy Boards has been increased from eleven to twelve members to accommodate the new director.
  • 4Mr. Tanski has been appointed to serve on the Compensation and Human Resources and Finance Committees.
  • 5He has no prior relationships with CMS Energy or Consumers Energy, and his election was not based on any prior arrangements.
  • 6Mr. Tanski will receive a restricted stock grant and will be compensated according to the company's standard director compensation policies.
  • 7The filing also includes a news release dated November 8, 2019, as an exhibit.

Frequently Asked Questions

Ronald J. Tanski is a new director elected to the Boards of CMS Energy and Consumers Energy. He retired as president and chief executive officer of National Fuel Gas Company on July 1, 2019, after a long career with the company that began in 1979. He continues to serve as a director of National Fuel Gas Company.

Mr. Tanski has been appointed to serve on the Compensation and Human Resources Committee and the Finance Committee of the Boards.

Mr. Tanski will receive a restricted stock grant upon his election and will be compensated in accordance with the standard practices for non-employee directors, as detailed in the company's proxy statement for the May 3, 2019 Annual Meeting of Shareholders.

No, the filing states that Mr. Tanski has no prior relationships with CMS Energy or Consumers Energy, and his election was not based on any existing arrangements or understandings.