8-KExhibits & Filings

EDISON INTERNATIONAL 8-K Report, Exhibit Filing (May 16, 2008)

Filed May 16, 2008For Securities:EIX

Summary

Edison International (EIX) announced significant changes to its executive leadership team through an 8-K filing on May 16, 2008. The report details the planned succession for key financial and legal roles, with W. James Scilacci, Jr. set to become Executive Vice President, Chief Financial Officer, and Treasurer, and Robert L. Adler appointed as Executive Vice President and General Counsel. These changes are effective August 1, 2008, with Mr. Adler joining slightly earlier in July. This transition marks the retirement of current CFO Thomas R. McDaniel and General Counsel J.A. Bouknight, Jr., who are retiring effective July 31, 2008. Investors should note that Mr. Scilacci brings substantial experience within the Edison International organization, having held senior financial roles within its subsidiaries, Edison Mission Group and Southern California Edison. The retirement of Messrs. McDaniel and Bouknight will be accompanied by benefits distributed according to the company's established Executive Retirement Plan, Executive Severance Plan, and long-term incentive award agreements. The press release detailing these management changes is also included as an exhibit, providing further context for investors.

Key Highlights

  • 1W. James Scilacci, Jr. appointed as Executive Vice President, Chief Financial Officer, and Treasurer, effective August 1, 2008.
  • 2Robert L. Adler appointed as Executive Vice President and General Counsel, effective August 1, 2008.
  • 3Mr. Adler will join the company as Executive Vice President on July 1, 2008.
  • 4Current CFO Thomas R. McDaniel and General Counsel J.A. Bouknight, Jr. are retiring effective July 31, 2008.
  • 5W. James Scilacci, Jr. has previous experience as Senior Vice President and Chief Financial Officer at Edison Mission Group and Southern California Edison.
  • 6Retiring executives will receive benefits under the Executive Retirement Plan, Executive Severance Plan, and long-term incentive award grants.
  • 7The management changes were announced via a press release filed as Exhibit 99.1.

Frequently Asked Questions

W. James Scilacci, Jr. will succeed Thomas R. McDaniel as Executive Vice President, Chief Financial Officer, and Treasurer, effective August 1, 2008.

The appointments of W. James Scilacci, Jr. and Robert L. Adler as Executive Vice President, Chief Financial Officer and Treasurer, and Executive Vice President and General Counsel, respectively, are effective August 1, 2008. Mr. Adler will join the company as Executive Vice President on July 1, 2008.

Messrs. McDaniel and Bouknight are retiring from the Company effective July 31, 2008. They will receive benefits in accordance with the Company's Executive Retirement Plan, Executive Severance Plan, and terms applicable to their long-term incentive award grants.

Yes, W. James Scilacci, Jr. has significant experience within Edison International's subsidiaries. He has served as Senior Vice President and Chief Financial Officer of Edison Mission Group Inc. and Edison Mission Energy since March 2005, and previously held the role of Senior Vice President and Chief Financial Officer of Southern California Edison Company from January 2003 to March 2005.