PPL Corp 8-K, filed Oct 1, 2020
PPL Corp (PPL)
8-K
2020-10-01
For: 2020-10-01
View Original
Added on
April 11, 2026
About this 8-K
PPL Corp filed this 8-K on October 1, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- 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 (Date of earliest event reported): October 1, 2020
Commission File Number | Registrant; State of Incorporation; Address and Telephone Number | IRS Employer Identification No. | ||||||||||||||||||||||||
| (Exact name of Registrant as specified in its charter) | ||||||||||||||||||||||||||
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: | Name of each exchange on which registered | ||||||
Junior Subordinated Notes of PPL Capital Funding, Inc. | ||||||||
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). 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. ☐
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
Election of Director
On October 1, 2020, the Board of Directors ("Board") of PPL Corporation ("PPL" or the "Company") elected Arthur “Art” P. Beattie a director of the Company.
Mr. Beattie retired from The Southern Company, having served as Executive Vice President, Chief Financial Officer and Chief Risk Officer from 2010 to 2018. The Southern Company is an American gas and electric utility holding company based in the southern United States. Prior to this role at Southern, Mr. Beattie served as Executive Vice President and Chief Financial Officer of Alabama Power Company, a utility subsidiary of Southern, from 2005 to 2010. Prior to 2005, he served in various executive, officer and management positions for nearly three decades at Alabama Power Company, including as a Vice President, Comptroller and Treasurer. Mr. Beattie will serve on the Audit Committee of the Board. The Board has determined that Mr. Beattie satisfies the requirements for "independence" as set forth in the Company's Independence Guidelines and the applicable rules of the New York Stock Exchange.
As a non-employee director, Mr. Beattie will receive the same compensation paid to other non-employee directors of PPL in accordance with the policies and procedures previously approved by the Board for non-employee directors. There were no arrangements or understandings pursuant to which Mr. Beattie was elected, nor are there any relationships or related transactions between the Company and Mr. Beattie to be disclosed under applicable rules of the Securities and Exchange Commission.
Section 7 - Regulation FD
Item 7.01 Regulation FD Disclosure
On October 1, 2020, the Company issued a press release announcing Mr. Beattie’s election. A copy of that press release is furnished as Exhibit 99.1 to this Report.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
| (d) | Exhibits | |||||||||||||||||||
99.1 - | October 1, 2020 press release announcing the election of Arthur P. Beattie as a director of PPL Corporation. | |||||||||||||||||||
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 hereunto duly authorized.
| PPL CORPORATION | |||||||||||||||||
| By: | /s/ Marlene C. Beers | ||||||||||||||||
| Marlene C. Beers Vice President and Controller | |||||||||||||||||
Dated: October 1, 2020
| Exhibit 99.1 | ||||||||||||||
| news release |  | |||||||||||||
| www.pplnewsroom.com | ||||||||||||||
| Contacts: | For news media: Ryan Hill, 610-774-4033 For financial analysts: Andy Ludwig, 610-774-3389 | ||||
PPL Corporation adds former Southern Company CFO to its Board of Directors
ALLENTOWN, Pa. (Oct. 1, 2020) – PPL Corporation (NYSE: PPL) announced today that Arthur P. Beattie, an executive with more than four decades of experience in the utility industry, will join the company’s board of directors.
Beattie, who retired in 2018 as Southern Company’s executive vice president, chief financial officer and chief risk officer, will serve on PPL’s Audit Committee. His appointment to the board is effective today.
“Art brings to the board a wealth of knowledge and experience in regulated utilities, financial planning and reporting, enterprise risk management, and mergers and acquisitions,” said PPL Board Chair William H. Spence. “His skills and insight will complement well the strengths of our diverse and experienced board as we best position PPL for long-term growth and success.”
Prior to his role as Southern Company’s CFO and chief risk officer from 2010 to 2018, a role in which he was responsible for accounting, treasury, financial planning, tax, risk management and investor relations functions, Beattie served for five years as executive vice president and CFO of Alabama Power Company, a Southern subsidiary. Before that, he served nearly three decades in a variety of other leadership roles at Alabama Power.
Beattie holds a bachelor’s degree in finance from the University of Tennessee and a master’s degree in business administration from the University of Alabama at Birmingham. He has prior public company board experience as a director for Emageon, Inc., from 2004 to 2009. Beattie has also served as a board member for several charitable foundations and nonprofit organizations, including the Alabama School of Fine Arts Foundation, Greater Birmingham Salvation Army Advisory Board, Southern Company Foundation and Alabama Power Foundation.
Headquartered in Allentown, Pennsylvania, PPL Corporation (NYSE: PPL) is one of the largest companies in the U.S. utility sector. PPL’s seven high-performing, award-winning utilities serve more than 10 million customers in the U.S. and U.K. With more than 12,000 employees, the company is dedicated to providing exceptional customer service and reliability and delivering superior value for shareowners. To learn more, visit www.pplweb.com.
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Note to Editors: Visit our media website at www.pplnewsroom.com for additional news and background about PPL Corporation.