8-KMaterial AgreementsExhibits & Filings

DOMINION ENERGY, INC 8-K Report, Material Agreement (Oct 19, 2004)

Filed October 19, 2004For Securities:D

Summary

Dominion Energy, Inc. (D) filed an 8-K on October 18, 2004, detailing a material definitive agreement concerning executive compensation. Specifically, the company entered into a supplemental retirement agreement with Mr. Duane C. Radtke, Executive Vice President. This agreement outlines the terms under which Mr. Radtke would become eligible for a lifetime retirement benefit under Dominion's Executive Supplemental Retirement Plan.

Key Highlights

  • 1Dominion Energy entered into a supplemental retirement agreement with Executive Vice President Duane C. Radtke.
  • 2The agreement specifies eligibility for a lifetime retirement benefit under the Executive Supplemental Retirement Plan.
  • 3Eligibility for the retirement benefit is contingent on Mr. Radtke remaining employed as an officer of Dominion until age 62.
  • 4Retirement benefits can be received as a lump sum cash payment or a monthly annuity.
  • 5The agreement was executed on October 15, 2004, and filed with the SEC on October 18, 2004.
  • 6This filing is an 8-K Current Report under Item 1.01 (Entry into a Material Definitive Agreement).

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose a material definitive agreement entered into by Dominion Energy with one of its executive officers, specifically a supplemental retirement agreement with Executive Vice President Duane C. Radtke.

Mr. Radtke is eligible for a lifetime retirement benefit under Dominion's Executive Supplemental Retirement Plan if he continues his employment as an officer of the company until he reaches the age of 62. He has the option to receive this benefit as a lump sum cash payment or a monthly annuity.

The filing itself does not indicate an immediate financial impact. The agreement outlines future potential benefits that are contingent upon Mr. Radtke meeting specific service requirements (employment until age 62). The financial impact will be recognized when the benefits become payable.

Yes, supplemental retirement plans and agreements for key executives are a common practice among publicly traded companies to incentivize retention and reward long-term service. Such agreements are typically disclosed to ensure transparency for investors.