8-KLeadership ChangesShareholder MattersExhibits & Filings

EVERSOURCE ENERGY 8-K Report, Executive Changes (May 3, 2018)

Filed May 3, 2018For Securities:ES

Summary

Eversource Energy (ES) filed an 8-K on May 3, 2018, primarily to report on corporate governance matters following its 2018 Annual Meeting of Shareholders. A key development was the election of Linda Dorcena Forry as a new Trustee to the Board, effective May 2, 2018. Ms. Forry, who brings experience from Suffolk Construction and a background in the Massachusetts State Senate, has also been appointed to the Corporate Governance and Finance Committees. Additionally, the filing confirms shareholder approval of the 2018 Eversource Energy Incentive Plan at the annual meeting. This plan, previously approved by the Board, is now effective following shareholder endorsement. The 8-K also details the voting results for the election of all incumbent Trustees, advisory approval of executive compensation, and the ratification of Deloitte & Touche LLP as the company's independent auditor for 2018.

Key Highlights

  • 1Linda Dorcena Forry was elected as a new independent Trustee to the Board of Trustees, effective May 2, 2018.
  • 2Ms. Forry has been appointed to serve on the Corporate Governance and Finance Committees of the Board.
  • 3Shareholders approved the 2018 Eversource Energy Incentive Plan at the 2018 Annual Meeting.
  • 4All 10 incumbent Trustees were elected for a one-year term.
  • 5Shareholders provided advisory approval for the compensation of the Company's 2017 Named Executive Officers.
  • 6Deloitte & Touche LLP was ratified as the independent registered public accounting firm for 2018.

Frequently Asked Questions

Linda Dorcena Forry is a new Trustee elected to Eversource Energy's Board of Trustees. She brings experience as Vice President of Diversity, Inclusion and Community Relations for Suffolk Construction and a former member of the Massachusetts Senate. Her election adds to the Board's composition and governance.

The 2018 Eversource Energy Incentive Plan is a compensation plan for employees and officers. Shareholders approved this plan at the 2018 Annual Meeting, allowing the company to grant awards such as Restricted Stock Units (RSUs) to eligible individuals, including new directors like Ms. Forry.

Shareholders voted to elect all 10 incumbent Trustees, approved the 2018 Eversource Energy Incentive Plan, provided advisory approval for executive compensation from 2017, and ratified the appointment of Deloitte & Touche LLP as the independent auditor for 2018.

This specific 8-K filing (Item 5.02) focuses on the election of a new director (Trustee) and the approval of an incentive plan. It does not report on any departures or appointments of executive officers.