Summary
Consolidated Edison, Inc. (ED) filed an 8-K on April 22, 2009, reporting key personnel and corporate governance changes. Notably, Dr. Peter W. Likins is retiring from the Board of Directors for both Consolidated Edison, Inc. and its subsidiary, Consolidated Edison Company of New York, Inc., effective May 18, 2009. This retirement aligns with the companies' standard director retirement policy. In conjunction with these changes, Consolidated Edison Company of New York, Inc. amended its By-Laws to reduce the size of its Board of Trustees from thirteen to twelve members, also effective May 18, 2009. These updates provide transparency on board composition and leadership transitions relevant to shareholders.
Key Highlights
- 1Dr. Peter W. Likins will retire from the Board of Directors of Consolidated Edison, Inc. and its subsidiary, Consolidated Edison Company of New York, Inc., effective May 18, 2009.
- 2The retirement of Dr. Likins is in accordance with the companies' normal retirement policy for directors.
- 3The Board of Trustees of Consolidated Edison Company of New York, Inc. amended its By-Laws on April 16, 2009.
- 4The amendment to the By-Laws decreases the number of Trustees from thirteen to twelve.
- 5The reduction in the Board of Trustees size is effective May 18, 2009.
- 6The filing includes exhibits detailing the By-Law amendment and the updated By-Laws.
Frequently Asked Questions
Dr. Peter W. Likins is retiring from the Board of Directors of both Consolidated Edison, Inc. and Consolidated Edison Company of New York, Inc.
Dr. Likins' retirement is effective May 18, 2009.
The Board of Trustees for Consolidated Edison Company of New York, Inc. is being reduced in size from thirteen to twelve members, effective May 18, 2009.
This particular 8-K filing focuses on changes in director and trustee composition and does not report on financial statements or specific financial results.