Exelon Corp 8-K, filed Dec 6, 2023
Exelon Corp (EXC)
8-K
2023-12-06
For: 2023-12-05
View Original
Added on
April 03, 2026
About this 8-K
Exelon Corp filed this 8-K on December 6, 2023, reporting on events of December 5, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION | |||||||||||
| Washington, D.C. 20549 | |||||||||||
| FORM | |||||||||||
| CURRENT REPORT | |||||||||||
| Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | |||||||||||
| Date of Report (Date of earliest event reported) | |||||||||||
| Commission File Number | Name of Registrant; State or Other Jurisdiction of Incorporation; Address of Principal Executive Offices; and Telephone Number | IRS Employer Identification Number | ||||||||||||
(a | ||||||||||||||
| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | |||||
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
| Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
| EXELON CORPORATION: | ||||||||||||||
Indicate by check mark whether any of the registrants are emerging growth companies as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company | ||
| If an emerging growth company, indicate by check mark if any of the registrants have elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | ||
Section 5 – Corporate Governance and Management
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 5, 2023, the Board of Directors ("Board") of Exelon Corporation (“Exelon”) increased the size of the Board to ten (10) and elected Bryan Segedi as a director, effective as of January 1, 2024, to serve until the 2024 annual meeting of shareholders. The Exelon Board has not yet determined on which committees Mr. Segedi will be appointed to serve. Mr. Segedi will receive Exelon’s standard compensation for its directors as disclosed in its proxy statement.
Section 9 – Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 101 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | |||||||
* * * * *
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EXELON CORPORATION | |||||
| /s/ Gayle Littleton | |||||
| Gayle Littleton | |||||
| Executive Vice President, Chief Legal Officer, Secretary | |||||
December 6, 2023
EXHIBIT INDEX
| Exhibit No. | Description | |||||||
| 101 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | |||||||
Contact: James Gherardi 312-394-7417 Media Hotline James.Gherardi@exeloncorp.com FOR IMMEDIATE RELEASE December 6, 2023 EXELON APPOINTS BRYAN SEGEDI TO BOARD OF DIRECTORS Former Ernst & Young executive and global finance expert is known for driving significant growth and transformation CHICAGO, December 6, 2023 – Exelon (Nasdaq: EXC) today announced that its Board of Directors has elected Bryan Segedi as a director. Segedi, 64, held a distinguished career at Ernst & Young LLP (EY), most recently serving as deputy global vice chair, Assurance. As deputy global vice chair of Assurance, Segedi oversaw the firm's $12 billion assurance service line and more than 77,000 professionals. Among his accomplishments was spearheading the firm’s global audit transformation program, including the implementation of cutting-edge technology and audit analytics. “Bryan brings impeccable financial, audit and management credentials to our board, and we were particularly impressed by his experience implementing new tools and technologies,” said Calvin Butler, Exelon’s president and CEO. “His experience will be critically important as Exelon continues to establish itself as the leader in the energy transformation.” In a prior role as advisory global markets leader at EY, Segedi was responsible for developing the global business strategy for EY's consulting practice, playing a pivotal role in enhancing EY's brand and reputation. During his career, he has had significant engagement with key regulatory bodies such as the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB). Since retiring in 2015, Segedi has been an executive in residence at Arizona State University's W. P. Carey School of Business. He has mentored MBA students and delivered guest lectures on topics such as analytics, globalization, and transformational projects. He is also a member of the Board of Directors of Western Alliance Bank. Segedi holds a bachelor’s degree in business administration from Alma College and a master’s degree in management from Northwestern University. He is a certified public accountant. Segedi’s election is effective January 1, 2024. # # # About Exelon Exelon (Nasdaq: EXC) is a Fortune 250 company and the nation’s largest utility company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE),
Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 19,000 Exelon employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on X, formerly known as Twitter, @Exelon.