8-KLeadership ChangesExhibits & Filings

CENTERPOINT ENERGY INC 8-K Report, Executive Changes (Sep 30, 2021)

Filed September 30, 2021For Securities:CNP

Summary

CenterPoint Energy, Inc. (CNP) announced a significant addition to its Board of Directors with the appointment of Raquelle W. Lewis, effective September 29, 2021. Ms. Lewis, a seasoned professional with extensive experience in public sector infrastructure and communications, will serve until the 2022 annual shareholder meeting and is expected to stand for election then. Her appointment brings valuable expertise in areas such as strategic planning, crisis management, and community outreach, particularly within the Houston region, which is a key operational area for CenterPoint Energy. Investors can view this as a positive step towards strengthening the board's governance and operational oversight. Ms. Lewis's background with the Texas Department of Transportation (TxDOT) and her experience in infrastructure planning and public engagement are directly relevant to CenterPoint Energy's business. She will also contribute to the Board's Compensation and Governance, Environmental and Sustainability Committees, indicating a focused role in key decision-making areas. Her compensation will follow the standard non-employee director arrangements, including an initial stock award.

Key Highlights

  • 1Raquelle W. Lewis appointed to the Board of Directors, effective September 29, 2021.
  • 2Ms. Lewis will serve until the 2022 annual shareholder meeting and is expected to be a candidate for election.
  • 3She brings substantial experience from the Texas Department of Transportation (TxDOT), including public information, crisis management, and infrastructure project communications.
  • 4Ms. Lewis will serve on the Board's Compensation and Governance, Environmental and Sustainability Committees.
  • 5Her appointment is based on her relevant experience and is not tied to any specific arrangements with other parties.
  • 6Ms. Lewis will receive standard compensation for non-employee directors, including an initial stock award valued at $90,877.

Frequently Asked Questions

Raquelle W. Lewis is a 51-year-old professional with extensive experience in public sector infrastructure and communications. She has served as Director, Southeast Texas Communications and Public Information Offices for the Texas Department of Transportation (TxDOT) since 2017, overseeing communication efforts, acting as a media liaison, and managing strategic planning for infrastructure projects. Prior to TxDOT, she held roles at Parsons Brinckerhoff, Inc. and Texas Southern University.

Ms. Lewis will serve on the Board's Compensation Committee and the Governance, Environmental and Sustainability Committee.

Ms. Lewis will be compensated according to the Company's standard arrangement for non-employee directors. This includes an initial stock award valued at $90,877, which is a prorated portion of the annual stock award given to other non-employee directors.

The filing states that there are no arrangements or understandings between Ms. Lewis and any other person concerning her selection as a director. The Company is also not aware of any transactions requiring disclosure under Item 404(a) of Regulation S-K that involve Ms. Lewis.