PG&E Corp 8-K, filed Sep 1, 2020
PG&E Corp (PCG)
8-K
2020-09-01
For: 2020-08-31
View Original
Added on
April 03, 2026
About this 8-K
PG&E Corp filed this 8-K on September 1, 2020, reporting on events of August 31, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: August 31, 2020
(Date of earliest event reported)
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(Registrant’s telephone number, including area code)
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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
(see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company 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).
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Emerging growth company
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PG&E Corporation
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Emerging growth company
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Pacific Gas and Electric Company
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If an emerging growth company, indicate by check mark if the registrant has 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.
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PG&E Corporation
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☐
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Pacific Gas and Electric Company
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☐
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
Pacific Gas and Electric Company Interim President
As previously disclosed, effective August 1, 2020, Michael A. Lewis became Interim President of
Pacific Gas and Electric Company (the “Utility”), a subsidiary of PG&E Corporation.
On August 31, 2020, the Board of Directors of the Utility approved a supplemental award for Mr.
Lewis, in connection with his new role. Mr. Lewis will receive an award of $50,000 in the form of a performance share award (“performance shares”). The performance shares will have terms and conditions (including vesting conditions, performance
period, performance metrics and weighting, payout ranges and the performance modifier) consistent with the terms of annual awards for 2020 under the PG&E Corporation 2014 Long-Term Incentive Plan, the terms of which were approved by the
Compensation Committee of PG&E Corporation on July 29, 2020, and will vest upon completion of the performance period in December 2022.
Mr. Lewis is expected to serve as Interim President of the Utility until his anticipated retirement date from the
Utility, December 31, 2020. Mr. Lewis is eligible to receive severance benefits under the PG&E Corporation Officer Severance Policy, as described in PG&E Corporation’s and the Utility’s Form 10-K/A filed on March 31, 2020. The Utility
is engaged in a search for a new President of the Utility as well as a Senior Vice President of Electric Operations of the Utility.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto
duly authorized.
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PG&E CORPORATION
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Date: September 1, 2020
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By:
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/s/ JOHN R. SIMON
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Name:
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John R. Simon | |||
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Title:
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Executive Vice President, General Counsel and Chief Ethics & Compliance Officer | |||
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PACIFIC GAS AND ELECTRIC COMPANY
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Date: September 1, 2020
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By:
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/s/ BRIAN M. WONG
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Name:
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Brian M. Wong | |||
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Title:
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Vice President, Deputy General Counsel and Corporate Secretary |
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