8-KLeadership ChangesExhibits & Filings

XCEL ENERGY INC 8-K Report, Executive Changes (Feb 23, 2012)

Filed February 23, 2012For Securities:XELXELLL

Summary

Xcel Energy Inc. (XEL) announced on February 22, 2012, a key addition to its Board of Directors. Gail Koziara Boudreaux was elected to the Board, effective March 1, 2012. Her appointment signals a strengthening of the board's expertise, particularly with her placement on the Audit Committee and the Nuclear, Environmental and Safety Committee. This move is intended to enhance governance and oversight as the company navigates its strategic objectives.

Key Highlights

  • 1Xcel Energy Inc. elected Gail Koziara Boudreaux to its Board of Directors, effective March 1, 2012.
  • 2Ms. Boudreaux will serve a term expiring at the 2012 annual shareholder meeting.
  • 3The Board appointed Ms. Boudreaux to the Audit Committee and the Nuclear, Environmental and Safety Committee.
  • 4Her compensation will align with other non-employee directors, prorated from her start date.
  • 5The annual retainer for the Audit Committee has been increased to $10,000, which will apply to Ms. Boudreaux's prorated payment.
  • 6The filing includes a press release dated February 22, 2012, as an exhibit.

Frequently Asked Questions

Gail Koziara Boudreaux is a newly elected director to Xcel Energy's Board. Her appointment is significant as it brings additional expertise to the board, with her service on critical committees like the Audit Committee and the Nuclear, Environmental and Safety Committee, suggesting a focus on financial oversight and operational safety.

Ms. Boudreaux has been appointed to serve on Xcel Energy's Audit Committee and its Nuclear, Environmental and Safety Committee.

Ms. Boudreaux will receive compensation consistent with other non-employee directors. This will be prorated from her start date until the 2012 annual shareholder meeting. Notably, her prorated compensation will be based on a revised Audit Committee annual retainer of $10,000.

This 8-K filing is primarily to announce the election of a new director to the Xcel Energy Board and to report on the committee appointments and compensation related to this new director. It also includes a press release from the same date as an exhibit.