8-KLeadership ChangesExhibits & Filings

DTE ENERGY CO 8-K Report, Executive Changes (May 31, 2018)

Filed May 31, 2018For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Company (DTE) announced the election of Valerie M. Williams to its Board of Directors, effective May 31, 2018. Ms. Williams brings extensive experience, with over 30 years in energy and technology sectors, including her recent role as Assurance Managing Partner at Ernst & Young LLP. Her appointment is considered independent under NYSE and company standards, and she is not involved in any related-party transactions requiring disclosure under Regulation S-K. Ms. Williams' compensation as a director includes 1,000 restricted stock shares, vesting over three years, and participation in the company's standard non-employee director compensation programs. This addition to the board brings a strong financial and auditing background, which could be viewed positively by investors seeking robust corporate governance and financial oversight. The company also referenced a press release detailing this appointment as an exhibit.

Key Highlights

  • 1DTE Energy elected Valerie M. Williams to its Board of Directors.
  • 2Ms. Williams has over 30 years of experience, notably in energy and technology sectors.
  • 3She previously served as Assurance Managing Partner for Ernst & Young LLP's Southwest Area.
  • 4The Board determined Ms. Williams qualifies as an independent director.
  • 5Ms. Williams will receive 1,000 restricted stock shares vesting over three years.
  • 6Her compensation aligns with the company's existing non-employee director plans.

Frequently Asked Questions

Valerie M. Williams is a newly elected independent director to DTE Energy's Board. She is a CPA with over 30 years of experience, primarily in energy and technology companies, and formerly held the position of Assurance Managing Partner at Ernst & Young LLP.

Ms. Williams will receive 1,000 shares of restricted stock that vest three years from June 1, 2018. She will also participate in the company's standard compensation and benefit programs for its non-employee directors.

The filing states that Ms. Williams is considered an independent director and is not a party to any transactions subject to Section 404(a) of Regulation S-K involving DTE Energy or its subsidiaries. There is also no arrangement mentioned under which she was selected that would indicate a conflict.