8-K
Public Service Enterprise Group Inc (PEG)
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 (Date of earliest event reported) April 5, 2023
Public Service Enterprise Group Incorporated
(Exact name of registrant as specified in its charter)
| New Jersey | 001-09120 | 22-2625848 |
|---|---|---|
| (State or other jurisdiction of<br>incorporation) | (Commission File Number) | (I.R.S. Employer<br> <br>Identification Number) |
80 Park Plaza
Newark, New Jersey 07102
(Address of principal executive offices) (Zip Code)
973 430-7000
(Registrant’s telephone number, including area code)
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):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR240.14a-12) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
| --- | --- |
| ☐ | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) |
| --- | --- |
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading<br> <br>Symbol(s) | Name of Each Exchange<br> <br>On Which Registered |
|---|---|---|
| Common Stock without par value | PEG | New York Stock Exchange |
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 Rule12b-2 of the Securities Exchange Act of 1934(§240.12b-2of this chapter).
Emerging growth company ☐
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. ☐
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
|---|
On April 5, 2023, Eric Carr notified Public Service Enterprise Group Incorporated (the Company) of his resignation as President and Chief Operating Officer of PSEG Power LLC (PSEG Power), a wholly-owned subsidiary of the Company, and President and Chief Nuclear Officer of PSEG Nuclear LLC (PSEG Nuclear), a wholly-owned subsidiary of PSEG Power, having accepted a position outside the Company. Mr. Carr’s last day at the Company will be May 19, 2023.
Charles “Chaz” McFeaters, currently Senior Vice President of Nuclear Operations at PSEG Nuclear, will succeed Mr. Carr, as President and Chief Nuclear Officer of PSEG Nuclear, effective May 20, 2023.
A copy of the press release announcing the above-described management changes is attached as Exhibit 99.1 to this Current Report on Form 8-K.
| Item 9.01 | Financial Statements and Exhibits |
|---|---|
| Exhibit 99.1 | Press Release dated April 11, 2023 |
| --- | --- |
| Exhibit 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURE
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 thereunto duly authorized. The signature of the undersigned company shall be deemed to relate only to matters having reference to such company and any subsidiaries thereof.
| PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED | |
|---|---|
| (Registrant) | |
| By: | /s/ Rose M. Chernick |
| ROSE M. CHERNICK | |
| Vice President and Controller | |
| (Principal Accounting Officer) |
Date: April 11, 2023
EX-99.1
Exhibit 99.1
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Public Service Enterprise Group |
|---|---|
| 80 Park Plaza | |
| Newark, NJ 07102 | |
| CONTACTS: | |
| Investor Relations | Media Relations |
| Carlotta Chan | Marijke Shugrue |
| 973-430-6565 | 908-531-4253 |
| Carlotta.Chan@pseg.com | Marijke.Shugrue@pseg.com |
PSEG Names Charles McFeaters to Succeed Eric Carr as PSEG Nuclear President
and Chief Nuclear Officer
NEWARK, N.J. – April 11, 2023 - PSEG has announced that Eric Carr, PSEG Nuclear president and chief nuclear officer, has accepted a position outside of the company and will be leaving PSEG, effective May 19, 2023. Charles “Chaz” McFeaters, PSEG senior vice president Nuclear Operations, will succeed Carr as PSEG Nuclear president and chief nuclear officer.
“PSEG Nuclear is a critical part of PSEG’s powering progress vision and New Jersey’s clean energy goals,” said Ralph LaRossa, chair, president and chief executive officer of PSEG. “We are confident that Chaz will guide a smooth leadership transition and will sustain PSEG Nuclear’s commitment to safety, reliability and operational excellence. Chaz has a proven track record and his promotion reflects our commitment to leadership and talent development. Through our robust succession planning, we are building strong leaders within the organization to ensure a sustainable pipeline for the future.”
McFeaters has more than 30 years of nuclear industry experience including a loaned executive assignment at the Institute of Nuclear Power Operations. He joined PSEG as site vice president of Salem in 2016 coming from FirstEnergy’s (now Energy Harbor) Beaver Valley station. McFeaters was promoted in 2020 to his current role, overseeing the Salem and Hope Creek stations and the training function.
LaRossa continued, “We are grateful to Eric for his many contributions to PSEG that have resulted in the recognized strong performance of our Nuclear plants and wish him well in his next chapter.”
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About PSEG
Public Service Enterprise Group (PSEG) (NYSE: PEG) is a predominantly regulated infrastructure company focused on a clean energy future. Guided by itsPowering Progress vision, PSEG aims to power a future where people use less energy, and it’s cleaner, safer and delivered more reliably than ever. PSEG’s commitment to ESG and sustainability is demonstrated in our net-zero 2030 climate vision and participation in the U.N. Race to Zero, as well as our inclusion on the Dow Jones Sustainability North America Index and the list of America’s most JUST Companies.PSEG’s businesses include Public Service Electric and Gas Co. (PSE&G), PSEG Power and PSEG Long Island. (https://corporate.pseg.com).
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