PG&E Corp 8-K, filed Jul 7, 2020
PG&E Corp (PCG)
8-K
2020-07-07
For: 2020-07-01
View Original
Added on
April 03, 2026
About this 8-K
PG&E Corp filed this 8-K on July 7, 2020, reporting on events of July 1, 2020.
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 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: July 1, 2020
(Date of earliest event reported)
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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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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(e) Modified Compensatory Plan
On April 29, 2020 the Board of Directors of PG&E Corporation approved an amendment to the PG&E Corporation 2014 Long-Term Incentive Plan (the “2014 LTIP”),
increasing the maximum number of shares available for issuance under the 2014 LTIP by 30 million shares, to reflect anticipated needs for 2020 and 2021 LTIP awards. The Amendment became effective as of July 1, 2020 as a result of the effectiveness
of the Debtors’ and Shareholder Proponents’ Joint Chapter 11 Plan of Reorganization dated June 19, 2020 filed with the U.S. Bankruptcy Court for the Northern District of California [Docket No. 8048] . A copy of the Amendment is attached hereto as
Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
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Exhibit
No.
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Description
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104
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Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
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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.
| PG&E CORPORATION | ||||
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By:
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/s/ JANET C. LODUCA | ||
| Name: |
Janet C. Loduca |
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| Dated: July 7, 2020 |
Title: |
Senior Vice President and General Counsel |
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| PACIFIC GAS AND ELECTRIC COMPANY | ||||
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By:
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/s/ DAVID S. THOMASON | ||
| Name: |
David S. Thomason |
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| Title: |
Vice President and Controller |
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| Dated: July 7, 2020 | ||||
Exhibit 10.1
AMENDMENT TO THE PG&E CORPORATION
2014 LONG-TERM INCENTIVE PLAN
The PG&E Corporation 2014 Long-Term Incentive Plan (the “LTIP”) has been amended, effective as of, and subject to the occurrence of, the Effective
Date (as defined in the Plan) of the Debtors’ and Shareholder Proponents’ Joint Chapter 11 Plan of Reorganization Dated March 16, 2020 [Docket No. 6320] (together with all schedules and exhibits thereto, and as may be amended, modified or
supplemented from time to time, the “Plan”) to increase the number of shares of common stock of PG&E Corporation available for issuance thereunder by 30,000,000 shares of common stock of PG&E Corporation. No LTIP or other long-term incentive
compensation program will be implemented during the pendency of these Chapter 11 Cases absent Court approval.