CENTERPOINT ENERGY INC - FORM 10-K - EX-10.(NN) - EXHIBIT 10.(NN) - February 28, 2017

Attached files

file filename
EX-32.2 - EXHIBIT 32.2 - CENTERPOINT ENERGY INCcnp_exhibit322x12312016.htm
EX-32.1 - EXHIBIT 32.1 - CENTERPOINT ENERGY INCcnp_exhibit321x12312016.htm
EX-31.2 - EXHIBIT 31.2 - CENTERPOINT ENERGY INCcnp_exhibit312x12312016.htm
EX-31.1 - EXHIBIT 31.1 - CENTERPOINT ENERGY INCcnp_exhibit311x12312016.htm
EX-23.2 - EXHIBIT 23.2 - CENTERPOINT ENERGY INCcnp_exhibit232x12312016.htm
EX-23.1 - EXHIBIT 23.1 - CENTERPOINT ENERGY INCcnp_exhibit231x12312016.htm
EX-21 - EXHIBIT 21 - CENTERPOINT ENERGY INCcnp_exhibit21x12312016.htm
EX-12 - EXHIBIT 12 - CENTERPOINT ENERGY INCcnp_exhibit12x12312016.htm
EX-10.(MM) - EXHIBIT 10.(MM) - CENTERPOINT ENERGY INCcnp_exhibit10mmx12312016.htm
EX-10.(II)(5) - EXHIBIT 10.(II)(5) - CENTERPOINT ENERGY INCcnp_exhibit10ii5x12312016.htm
EX-10.(S) - EXHIBIT 10.(S) - CENTERPOINT ENERGY INCcnp_exhibit10sx12312016.htm
EX-4.(E)(42) - EXHIBIT 4.(E)(42) - CENTERPOINT ENERGY INCcnp_exhibit4e42x12312016.htm
EX-4.(E)(41) - EXHIBIT 4.(E)(41) - CENTERPOINT ENERGY INCcnp_exhibit4e41x12312016.htm
10-K - 10-K - CENTERPOINT ENERGY INCcnp_10kx12312016.htm


Exhibit 10(nn)
 
CenterPoint Energy, Inc.
Summary of Senior Executive Officer Compensation
 
The following is a summary of compensation paid to the Chief Executive Officer, Chief Financial Officer and Executive Vice Presidents identified below (to whom we collectively refer as our “senior executive officers”) of CenterPoint Energy, Inc. (the “Company”). For additional information regarding the compensation of the senior executive officers, please read the definitive proxy statement relating to the Company’s 2017 annual meeting of shareholders to be filed pursuant to Regulation 14A.

Base Salary. The following table sets forth the annual base salary of the Company’s senior executive officers effective April 1, 2017:

Name and Position
 
Base Salary
Scott M. Prochazka
President and Chief Executive Officer
 
$
1,200,000

 
William D. Rogers
Executive Vice President
and Chief Financial Officer
 
$
570,000

 
Tracy B. Bridge
Executive Vice President and
President Electric Division
 
$
520,000

 
Joseph B. McGoldrick
Executive Vice President and
President Gas Division
 
$
490,000

     
Short Term Incentive Plan. Annual bonuses are paid to the Company’s senior executive officers pursuant to the Company’s short term incentive plan, which provides for cash bonuses based on the achievement of certain performance objectives approved in accordance with the terms of the plan at the commencement of the year. Information regarding awards to the Company’s senior executive officers under the short term incentive plan is provided in definitive proxy statements relating to the Company’s annual meeting of shareholders. In February 2017, the Compensation Committee of the Company approved the following:

•
Mr. Prochazka’s short-term incentive target was increased from 110% to 115%; and
•
no changes to the 75% short-term incentive target for each of Messrs. Rogers, Bridge and McGoldrick.

Long Term Incentive Plan. Under the Company’s long term incentive plan, the Company’s senior executive officers may receive grants of (i) stock option awards, (ii) stock appreciation rights, (iii) stock awards, (iv) restricted stock unit awards, (v) cash awards and (vi) performance awards. The current forms of the applicable award agreements pursuant to the Company’s long term incentive plan are included as exhibits hereto. In February 2017, the Compensation Committee of the Company approved the following:

•
Mr. Prochazka’s long-term incentive target was increased from 390% to 400%;
•
Mr. Rogers long-term incentive target was increased from 170% to 195%; and
•
no changes to the 160% long-term incentive target for each of Messrs. Bridge and McGoldrick.







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