8-KLeadership ChangesExhibits & Filings

DTE ENERGY CO 8-K Report, Executive Changes (Feb 7, 2025)

Filed February 7, 2025For Securities:DTEDTKDTBDTGDTW

Summary

DTE Energy Company has announced the election of Cassandra Santos to its Board of Directors, effective February 6, 2025. Ms. Santos brings significant experience as the Chief Technology Officer of Caliber Collision Centers, and the Board has confirmed her status as an independent director under NYSE listing standards and the Company's own independence criteria. This appointment is a strategic move to enhance the board's expertise, particularly in areas relevant to technological advancements and business operations. In connection with her appointment, Ms. Santos will receive 1,000 shares of restricted stock under the Company's Long-Term Incentive Plan, which will vest over three years. She will also participate in the standard compensation and benefit programs for non-employee directors. This filing does not disclose any related-party transactions involving Ms. Santos. Investors should view this as a governance enhancement and a potential signal of the company's focus on leveraging technology.

Key Highlights

  • 1DTE Energy elected Cassandra Santos as a new independent director to its Board of Directors.
  • 2Ms. Santos currently serves as Chief Technology Officer of Caliber Collision Centers, bringing technology leadership experience.
  • 3The Board has affirmed Ms. Santos's independence based on NYSE listing standards and company policies.
  • 4There are no stated arrangements or transactions between Ms. Santos and DTE Energy that would impact her independence or create conflicts of interest.
  • 5Ms. Santos will receive 1,000 restricted shares vesting over three years as part of her director compensation.
  • 6Her compensation will also include other standard programs for non-employee directors, detailed in the 2024 Proxy Statement.
  • 7A press release announcing the appointment is attached as an exhibit.

Frequently Asked Questions

Cassandra Santos is the newly elected Chief Technology Officer of Caliber Collision Centers. Her appointment to the DTE Energy Board of Directors brings valuable experience in technology leadership to the company.

Yes, the DTE Energy Board of Directors has determined that Ms. Santos is an independent director in accordance with the New York Stock Exchange listing standards and the Company's own Categorical Standards for Director Independence.

Ms. Santos will receive 1,000 shares of restricted stock, which will vest over three years from her appointment date. She will also participate in the Company's standard compensation and benefit programs for its non-employee directors.

The filing states there are no arrangements with Ms. Santos regarding her selection as a director and that she is not a party to any transactions subject to Section 404(a) of Regulation S-K involving DTE Energy or its subsidiaries, indicating no immediate conflicts of interest or related-party transactions.