PEG 8-K
Public Service Enterprise Group Inc (PEG)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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 |
On January 22, 2024, upon the recommendation of the Governance, Nominating and Sustainability Committee, the Board of Directors (the “Board”) of Public Service Enterprise Group Incorporated (the “Company”) elected Ricardo G. Pérez to serve as a new director effective January 22, 2024. The Board has determined that Mr. Pérez is an independent director within the meaning of the listing standards of the New York Stock Exchange and the Securities Exchange Act of 1934, as amended. As of the time of the filing of this Current Report on Form 8-K, the Board has not determined the committees to which Mr. Pérez will be appointed.
As of the date of election to the Board, Mr. Pérez will participate in the Company’s compensation plans for non-management directors, as described under “Proposal 1: Election of Directors—Director Compensation” in the Company’s proxy statement filed with the Securities and Exchange Commission on March 9, 2023 and incorporated by reference herein.
No arrangement or understanding exists between Mr. Pérez and any other person pursuant to which Mr. Pérez was selected as a director of the Company. There are no transactions between the Company and Mr. Pérez that would require disclosure under Item 404(a) of Regulation S-K.
The Company issued a press release dated January 24, 2024 announcing the election of Mr. Pérez. A copy of the press release is attached hereto as Exhibit 99 and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit 99 | Press Release of Public Service Enterprise Group Incorporated, dated January 24, 2024. | |
| 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: January 24, 2024
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Exhibit 99
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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 | 862-465-1445 | |||
| [email protected] | [email protected] |
PSEG Elects Ricardo G. Pérez to Board of Directors
(NEWARK, N.J. – Jan. 24, 2024) – Public Service Enterprise Group Incorporated (PSEG) today announced that Ricardo (Ric) G. Pérez has been elected to its Board of Directors, effective January 22, 2024.
Pérez’s election is part of PSEG’s commitment to safe and reliable nuclear energy. A retired energy executive with more than 35 years of industry experience, Pérez held the leadership roles at the Tennessee Valley Authority (TVA) of senior vice president and chief administrative officer and senior vice president, Nuclear Operations Support and Projects from 2013 to 2017. Prior to TVA, Pérez served the Westinghouse Electric Company from 1981 to 2013, including as president and chief operating officer from 2010 to 2013.
“Ric’s many years of experience in the energy industry includes involvement in areas that are important to PSEG and our industry including nuclear energy, supply chain management, IT, cybersecurity and physical security. He also has valuable experience in talent development, a workforce priority,” PSEG Chair, President and CEO Ralph LaRossa said. “We believe Ric’s perspective will be a tremendous asset as we continue on the path to a cleaner energy future.”
Demonstrating the Board’s and its Governance, Nominating and Sustainability Committee’s continued belief in having a balanced mix of Director tenure and experience, Pérez is the second new independent director elected to the PSEG Board of Directors within four months and fifth since the beginning of 2020.
Pérez is a member of the University of Florida Nuclear Engineering Advisory Board and an executive member of the Latino Corporate Directors Association. He is the non-executive chair of the board of the Menper Group, a group of Hispanic-owned health products businesses.
Pérez holds a bachelor’s degree in engineering from the University of Florida and a Master of Science in energy engineering from the University of Pittsburgh.
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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 its Powering 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).
From time to time, PSEG and PSE&G release important information via postings on their corporate Investor Relations website at https://investor.pseg.com. Investors and other interested parties are encouraged to visit the Investor Relations website to review new postings. You can sign up for automatic email alerts regarding new postings at the bottom of the webpage at https://investor.pseg.com or by navigating to the Email Alerts webpage here. The information on https://investor.pseg.com and https://investor.pseg.com/resources/email-alerts/default.aspx is not incorporated herein and is not part of this press release or the Form 8-K to which it is an exhibit.