8-KLeadership Changes

ENTERGY CORP /DE/ 8-K Report, Executive Changes (Mar 1, 2018)

Filed March 1, 2018For Securities:ETR

Summary

Entergy Corporation announced a significant change to its Board of Directors with the election of John R. Burbank, effective March 2, 2018. Mr. Burbank, who brings a wealth of experience in corporate development, strategy, and marketing from prominent companies like Nielsen Holdings plc, AOL, and AT&T/Cingular, has been deemed an independent director by the Board. His appointment is expected to enhance the Board's strategic oversight and governance capabilities. The addition of Mr. Burbank increases the size of the Board to 12 members. He will serve until the 2018 Annual Meeting of Shareholders and will be considered for re-election by shareholders at that time. Mr. Burbank will receive compensation consistent with other non-employee directors, reflecting his new role and responsibilities.

Key Highlights

  • 1John R. Burbank elected to Entergy's Board of Directors, effective March 2, 2018.
  • 2Mr. Burbank qualifies as an independent director.
  • 3Board size increased to 12 members.
  • 4Mr. Burbank brings extensive experience in corporate development, strategy, and marketing from companies including Nielsen Holdings plc, AOL, and AT&T/Cingular.
  • 5Mr. Burbank will receive standard compensation for non-employee directors.
  • 6No arrangements or understandings exist between Mr. Burbank and other parties regarding his election.

Frequently Asked Questions

John R. Burbank is a new independent director on Entergy's Board. He currently serves as President, Corporate Development and Strategy at Nielsen Holdings plc. His prior experience includes executive roles at Nielsen, AOL, and AT&T/Cingular, with a focus on strategy, marketing, and digital business.

The Board size was increased from 11 to 12 members to accommodate the election of the new director, John R. Burbank.

The primary financial impact is the standard compensation paid to Mr. Burbank as a non-employee director. This is in line with the compensation provided to other existing non-employee directors and is not expected to represent a material change in overall director compensation costs.

Mr. Burbank's independent status is crucial for corporate governance. It signifies that he has no material relationship with Entergy beyond his directorship, allowing him to provide objective oversight and represent the interests of all shareholders.