8-KLeadership ChangesExhibits & Filings

DOMINION ENERGY, INC 8-K Report, Executive Changes (Sep 21, 2012)

Filed September 21, 2012For Securities:D

Summary

Dominion Energy, Inc. (D) filed an 8-K on September 21, 2012, announcing a significant change in its Board of Directors. Michael E. Szymanczyk was elected as a new Director, effective October 1, 2012, and will serve until the next annual election. His appointment also includes a position on the Finance and Risk Oversight Committee. This move suggests a focus on strengthening the board's expertise, particularly in financial and risk management areas. Investors should note that Mr. Szymanczyk's compensation will align with the company's existing Non-Employee Directors Compensation Plan and he will enter into the standard Advancement of Expenses agreement. The filing also notes a press release dated September 21, 2012, as an exhibit, which may provide further context on this board change.

Key Highlights

  • 1Michael E. Szymanczyk appointed as a Director to the Board, effective October 1, 2012.
  • 2Mr. Szymanczyk will serve on the Board until the next annual election of Directors.
  • 3Appointment includes membership on the Finance and Risk Oversight Committee.
  • 4Compensation for Mr. Szymanczyk will be in accordance with the Non-Employee Directors Compensation Plan.
  • 5Mr. Szymanczyk will enter into the standard Advancement of Expenses agreement.
  • 6The filing includes a press release from September 21, 2012, as Exhibit 99.

Frequently Asked Questions

Michael E. Szymanczyk has been elected as a new Director to Dominion Energy's Board. While the filing doesn't detail his prior experience, his appointment to the Finance and Risk Oversight Committee suggests the board is seeking to enhance its financial and risk management oversight. Investors may wish to consult the accompanying press release for more background on Mr. Szymanczyk.

The appointment of Michael E. Szymanczyk to the Board of Directors and the Finance and Risk Oversight Committee is effective October 1, 2012. He will serve in this capacity until the company's next annual election of Directors.

Mr. Szymanczyk will be compensated according to Dominion Energy's Non-Employee Directors Compensation Plan. His compensation details are governed by this plan, as previously described in the company's 2012 Proxy Statement.

The primary disclosure in this 8-K concerns the board appointment. Additionally, the filing references a press release issued by Dominion Energy on September 21, 2012, which may contain further information regarding this event.