8-KLeadership ChangesRegulation FDExhibits & Filings

EDISON INTERNATIONAL 8-K Report, Executive Changes (Oct 25, 2019)

Filed October 25, 2019For Securities:EIX

Summary

Edison International (EIX) filed an 8-K on October 25, 2019, reporting a significant change in its board composition. Effective October 24, 2019, Carey A. Smith was elected as an independent Director to the Boards of both Edison International and its subsidiary, Southern California Edison Company (SCE). This appointment is effective immediately and Ms. Smith brings new expertise to the Boards, as indicated by her committee assignments. Ms. Smith will serve on the Safety and Operations Committee and the Compensation and Executive Personnel Committee, suggesting a focus on operational oversight and executive compensation strategies. Her election is independent of any prior arrangements, and she will be compensated according to the standard non-employee Director Compensation Schedule, with her initial equity award pro-rated for the partial year of service. Importantly, there are no disclosed related-party transactions or arrangements that require further disclosure, providing a clear and uncomplicated addition to the Board.

Key Highlights

  • 1Election of Carey A. Smith as an independent Director to the Boards of Edison International and Southern California Edison Company (SCE) effective October 24, 2019.
  • 2Ms. Smith will serve on the Safety and Operations Committee and the Compensation and Executive Personnel Committee.
  • 3The appointment is effective immediately.
  • 4Ms. Smith's compensation will follow the standard non-employee Director Compensation Schedule.
  • 5Her initial equity award will be pro-rated for the fourth quarter of the fiscal year.
  • 6No arrangements or understandings exist between Ms. Smith and any other person regarding her election.
  • 7No related-party transactions or disclosures required under Item 404(a) of Regulation S-K.

Frequently Asked Questions

Carey A. Smith has been elected as an independent Director to the Boards of Edison International and Southern California Edison Company (SCE). She will serve on the Safety and Operations Committee and the Compensation and Executive Personnel Committee.

The election of Ms. Smith was effective as of October 24, 2019.

Ms. Smith will be compensated as a non-employee Director according to the Edison International and SCE Director Compensation Schedule. Her initial equity award will be pro-rated for her service in the fourth quarter of the fiscal year.

No, the filing explicitly states that Ms. Smith does not have any relationship or related-party transaction with Edison International or SCE that would require disclosure under Item 404(a) of Regulation S-K. There are also no arrangements or understandings between Ms. Smith and any other person concerning her election.