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.