SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):
January 10, 2018
Registrant; State of Incorporation
Address; and Telephone Number
WEC ENERGY GROUP, INC.
(A Wisconsin Corporation)
231 West Michigan Street
P.O. Box 1331
Milwaukee, WI 53201
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))
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. [ ]
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On January 10, 2018, the Board of Directors of WEC Energy Group, Inc. (“WEC Energy”) increased the number of directors constituting the Board from 13 to 14 and elected Danny L. Cunningham, retired partner and chief risk officer of Deloitte and Touche LLP, to fill the vacancy. Mr. Cunningham was also appointed to the Audit and Oversight Committee of the Board of Directors. The Board of Directors determined that Mr. Cunningham is independent pursuant to WEC Energy’s Corporate Governance Guidelines.
Consistent with WEC Energy’s compensation policy for non-employee directors, Mr. Cunningham will receive an annual cash retainer fee of $100,000. Mr. Cunningham will also receive an annual restricted stock award equal to a value of $135,000, with all shares vesting one year from the date of grant.
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.
WEC ENERGY GROUP, INC.
/s/ William J. Guc
Date: January 12, 2018
William J. Guc, Vice President and Controller