8-KLeadership ChangesExhibits & Filings

FIRSTENERGY CORP 8-K Report, Executive Changes (Jan 16, 2007)

Filed January 16, 2007For Securities:FE

Summary

FirstEnergy Corp. (FE) filed an 8-K on January 16, 2007, primarily reporting on two key personnel-related events. First, the company announced the election of Michael J. Anderson to its Board of Directors, effective February 1, 2007. Mr. Anderson, who is the president, CEO, and a director of The Andersons, Inc., will serve on the Board's Nuclear and Finance Committees. This appointment suggests a strengthening of the board's expertise in relevant areas. Second, the company disclosed an amendment to the employment agreement of Mr. Richard R. Grigg, extending the termination date from August 20, 2007, to March 31, 2008. This extension indicates a continued commitment to Mr. Grigg's role and provides a longer period for his contributions. Investors should note that this filing does not contain significant financial updates but focuses on corporate governance and executive arrangements.

Key Highlights

  • 1Michael J. Anderson appointed to FirstEnergy Corp.'s Board of Directors, effective February 1, 2007.
  • 2Mr. Anderson will serve on the Board's Nuclear and Finance Committees.
  • 3Mr. Anderson is President, CEO, and a Director of The Andersons, Inc.
  • 4No disclosed arrangements or understandings between Mr. Anderson and others regarding his selection.
  • 5No relationships requiring disclosure under Item 404(a) of Regulation S-K between Mr. Anderson and FirstEnergy.
  • 6Richard R. Grigg's employment agreement amendment extends termination date from August 20, 2007, to March 31, 2008.
  • 7Other material terms of Mr. Grigg's employment agreement remain unchanged.

Frequently Asked Questions

Michael J. Anderson is the president, chief executive officer, and a director of The Andersons, Inc. His appointment to FirstEnergy's Board of Directors brings external leadership experience to the company's governance.

Mr. Anderson is slated to serve on the Board's Nuclear and Finance Committees.

The amendment extends Mr. Grigg's employment agreement termination date from August 20, 2007, to March 31, 2008. This indicates continuity and a commitment to his role within the company for an extended period.

No, the filing states there are no arrangements or understandings concerning Mr. Anderson's selection and no relationships requiring disclosure under Item 404(a) of Regulation S-K.