8-KOther Events

ENTERGY CORP /DE/ 8-K Report (Apr 13, 2004)

Filed April 13, 2004For Securities:ETR

Summary

This 8-K filing from Entergy Corporation (ETR) addresses a minor administrative correction within its previously filed 2003 Form 10-K and 2004 Proxy Statement. Specifically, it corrects a typographical error in the Summary Compensation Table concerning Long-Term Incentive Plan (LTIP) payouts to CEO J. Wayne Leonard. The reported figures for 2003 and 2002 each contained an extraneous zero at the end, which has now been rectified. For investors, this filing is primarily informational and does not indicate any material changes in the company's financial performance or strategic direction. The correction ensures the accuracy of executive compensation disclosures. The actual LTIP payouts were $2,944,560 for 2003 and $2,372,160 for 2002, as opposed to the initially reported incorrect amounts.

Key Highlights

  • 1Correction of a typographical error in the Summary Compensation Table of Entergy's 2003 Form 10-K and 2004 Proxy Statement.
  • 2The error involved an incorrect extra zero in the LTIP Payouts for CEO J. Wayne Leonard.
  • 3Corrected 2003 LTIP Payout for J. Wayne Leonard is $2,944,560.
  • 4Corrected 2002 LTIP Payout for J. Wayne Leonard is $2,372,160.
  • 5The filing ensures the accuracy of executive compensation data disclosed to investors.
  • 6This is an administrative correction and does not reflect changes in company operations or financial results.

Frequently Asked Questions

The main purpose of this 8-K filing is to correct a typographical error in the Summary Compensation Table of Entergy's previously filed 2003 Form 10-K and 2004 Proxy Statement. The error related to the Long-Term Incentive Plan (LTIP) payouts for the CEO.

This correction specifically affects the reported Long-Term Incentive Plan (LTIP) payouts for J. Wayne Leonard, the Chief Executive Officer of Entergy Corporation, for the years 2003 and 2002.

The corrected LTIP payout for J. Wayne Leonard in 2003 is $2,944,560, and in 2002 it was $2,372,160. The originally reported figures contained an extra zero at the end.

No, this filing is purely an administrative correction of a data entry error. It does not signal any changes in Entergy's financial performance, business operations, or strategic direction.