Summary
This 8-K filing announces the upcoming retirement of Ronald L. Litzinger from his role as President of Edison International's subsidiary, Edison Energy Group. His retirement is scheduled to be effective around December 30, 2017. This event is significant as it will trigger specific benefits for Mr. Litzinger under various company plans, including the 2008 Executive Severance Plan and the 2008 Executive Retirement Plan, as well as terms related to his long-term incentive grants. Investors should note that the details of these benefits are governed by previously filed documents and are not explicitly detailed in this current report.
Key Highlights
- 1Ronald L. Litzinger, President of Edison Energy Group, will retire.
- 2Retirement is planned for approximately December 30, 2017.
- 3Mr. Litzinger's departure will trigger benefits under the 2008 Executive Severance Plan.
- 4Mr. Litzinger's departure will trigger benefits under the 2008 Executive Retirement Plan.
- 5Benefits related to long-term incentive grants will also be triggered.
- 6Details of the severance and retirement benefits are governed by previously filed plan documents and exhibits.
Frequently Asked Questions
The filing is to formally announce the upcoming retirement of Ronald L. Litzinger, President of Edison Energy Group, effective around December 30, 2017.
Mr. Litzinger's retirement will trigger severance and retirement benefits. The specific financial impact related to these payouts is not detailed in this filing but is governed by previously disclosed executive plans and incentive grant terms.
The specific details of the benefits are outlined in the Edison International 2008 Executive Severance Plan and the 2008 Executive Retirement Plan, as well as the terms of his long-term incentive grants. These plans have been previously filed as exhibits to Edison International's Form 10-Q for September 30, 2016, and Form 10-K for December 31, 2016.