8-KLeadership ChangesExhibits & Filings

CMS ENERGY CORP 8-K Report, Executive Changes (May 17, 2021)

Filed May 17, 2021For Securities:CMSCMS-PCCMSACMSCCMSD

Summary

This 8-K filing from CMS Energy Corporation (CMS) on May 17, 2021, primarily details significant changes in its senior accounting and tax leadership. The key announcement is the appointment of Scott B. McIntosh to the role of Vice President, Tax and Controller, effective June 1, 2021. He will then assume the additional responsibilities of Chief Accounting Officer on September 1, 2021, succeeding Glenn P. Barba who will retire on the same date. These leadership transitions are crucial for investors to note as they impact the company's financial reporting and oversight. McIntosh's extensive experience within the company, particularly in tax and his broadened responsibilities over time, suggests a focus on continuity and leveraging internal expertise. Investors should monitor how these changes in key financial roles influence the company's accounting practices, regulatory reporting, and overall financial strategy moving forward.

Key Highlights

  • 1Scott B. McIntosh appointed Vice President, Tax and Controller effective June 1, 2021.
  • 2Scott B. McIntosh to assume Chief Accounting Officer role effective September 1, 2021.
  • 3Glenn P. Barba to retire as Vice President and Chief Accounting Officer on September 1, 2021.
  • 4McIntosh will report to the Chief Financial Officer in his new roles.
  • 5McIntosh's responsibilities will include tax matters, accounting operations, financial and regulatory reporting, corporate accounting policy, and internal control.
  • 6McIntosh has a long tenure with Consumers Energy, joining in 2004 and holding various tax-related leadership positions.
  • 7The filing includes a news release dated May 17, 2021, as an exhibit.

Frequently Asked Questions

Scott B. McIntosh will assume the role of Chief Accounting Officer on September 1, 2021, upon the retirement of Glenn P. Barba.

Effective June 1, 2021, as Vice President, Tax and Controller, he will be responsible for tax matters, accounting operations, and financial and regulatory reporting. From September 1, 2021, as Vice President, Tax, Controller and Chief Accounting Officer, his responsibilities will expand to include corporate accounting policy and internal control.

Scott B. McIntosh's appointment as Vice President, Tax and Controller is effective June 1, 2021. His transition to Chief Accounting Officer is effective September 1, 2021, the same date Glenn P. Barba retires.

Yes, Scott B. McIntosh joined Consumers Energy in 2004 and has held increasing responsibilities within the tax department, most recently serving as Vice President of Tax for both CMS Energy and Consumers Energy since 2015.