8-KLeadership ChangesOther EventsExhibits & Filings

EVERSOURCE ENERGY 8-K Report, Executive Changes (Feb 3, 2015)

Filed February 3, 2015For Securities:ES

Summary

Eversource Energy (ES), formerly Northeast Utilities, filed a Current Report on Form 8-K on February 3, 2015, to disclose two key events. Firstly, it announced that Richard H. Booth will not seek re-election to the Board of Trustees and will retire at the company's Annual Meeting of Shareholders on April 29, 2015. Mr. Booth will continue to serve until his term officially concludes. Secondly, and more significantly for investors, the Board of Trustees approved a quarterly dividend increase to $0.4175 per share. This dividend is payable on March 31, 2015, to shareholders of record as of March 2, 2015. This dividend increase signals confidence in the company's financial health and commitment to returning value to shareholders.

Key Highlights

  • 1Richard H. Booth will retire from the Board of Trustees at the 2015 Annual Meeting of Shareholders on April 29, 2015.
  • 2Mr. Booth will continue to serve on the Board until his retirement.
  • 3Eversource Energy's Board of Trustees approved a quarterly dividend increase.
  • 4The new quarterly dividend rate is $0.4175 per share.
  • 5The dividend is payable on March 31, 2015.
  • 6Shareholders of record as of March 2, 2015, will receive the increased dividend.
  • 7The company issued a news release on February 3, 2015, announcing these events.

Frequently Asked Questions

The most significant financial news for investors is the approved increase in Eversource Energy's quarterly dividend to $0.4175 per share, payable on March 31, 2015.

Richard H. Booth has decided not to stand for re-election to the Board of Trustees and will retire upon the expiration of his current term at the 2015 Annual Meeting of Shareholders.

The increased quarterly dividend of $0.4175 per share is payable on March 31, 2015, to shareholders who are recorded as such at the close of business on March 2, 2015.

The filing indicates that Northeast Utilities is doing business as Eversource Energy, suggesting a branding or operational name change, but the legal entity name may still be Northeast Utilities as indicated by the filing's header and signature.