8-KLeadership Changes

NEXTERA ENERGY INC 8-K Report, Executive Changes (Feb 12, 2021)

Filed February 12, 2021For Securities:NEENEE-PNNEE-PSNEE-PTNEE-PWNEE-PVNEE-PU

Summary

NextEra Energy, Inc. (NEE) announced a change to its Board of Directors, effective February 11, 2021. The Board approved an increase in its size from thirteen to fourteen members and appointed Lynn M. Utter as a new director. This appointment fills the newly created directorship and aligns with the company's governance processes, following a recommendation from the Governance & Nominating Committee. Mrs. Utter's addition is expected to bring valuable experience to the Board. Furthermore, Mrs. Utter has been appointed to serve on both the Audit Committee and the Finance & Investment Committee. Her background includes significant leadership roles, such as Chief Talent Officer at Atlas Holdings LLC and CEO of First Source LLC, providing her with a diverse skill set relevant to these committee assignments. As a non-employee director, she will receive compensation consistent with other board members, which includes an annual retainer and a stock award.

Key Highlights

  • 1NEE's Board of Directors size increased from thirteen to fourteen members.
  • 2Lynn M. Utter was appointed as a new director, filling the newly created position.
  • 3Mrs. Utter's appointment is effective February 11, 2021.
  • 4She has been appointed to serve on the Audit Committee and the Finance & Investment Committee.
  • 5Mrs. Utter brings experience from previous executive roles, including Chief Talent Officer and CEO.
  • 6Compensation for Mrs. Utter as a director includes an annual retainer of $105,000 and a stock award valued at $180,000.
  • 7On February 11, 2021, Mrs. Utter was granted 2,150 shares of NEE common stock.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce the appointment of a new director, Lynn M. Utter, to NextEra Energy's Board of Directors and her subsequent committee assignments.

Lynn M. Utter has a background in executive leadership, having served as Chief Talent Officer at Atlas Holdings LLC, Chief Executive Officer of First Source LLC, and President and Chief Operating Officer of Knoll Office of Knoll, Inc. This diverse experience is expected to be valuable to the Board and its committees.

Mrs. Utter will be compensated in line with other non-employee directors. This includes an annual retainer of $105,000 and an annual award of NEE common stock valued at $180,000. She received an initial stock award of 2,150 shares on February 11, 2021.

Mrs. Utter has been appointed to the Audit Committee and the Finance & Investment Committee of NextEra Energy's Board of Directors.