Summary
This 8-K filing from Exelon Corporation, dated September 8, 2015, announces a change in its board of directors. Specifically, on September 1, 2015, the board size was increased to 14 directors, and Ms. Linda P. Jojo was elected to fill a vacancy. She will serve until the 2016 annual meeting and has been appointed to the Finance and Risk Committee, receiving standard director compensation. This update to the board composition is the primary event reported. Investors should note this change in corporate governance. The filing also includes standard cautionary statements regarding forward-looking information, directing readers to other SEC filings for a comprehensive understanding of risks and uncertainties that could affect Exelon's actual results.
Key Highlights
- 1Exelon Corporation's Board of Directors size increased to 14 members.
- 2Ms. Linda P. Jojo was elected as a new director.
- 3Ms. Jojo's term as director will extend until the 2016 annual shareholder meeting.
- 4Ms. Jojo has been appointed to the Finance and Risk Committee of the board.
- 5Ms. Jojo will receive Exelon's standard compensation for directors.
- 6The filing includes standard forward-looking statement disclaimers.