0001140361-18-030898.txt : 20180702 0001140361-18-030898.hdr.sgml : 20180702 20180702162140 ACCESSION NUMBER: 0001140361-18-030898 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20180627 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180702 DATE AS OF CHANGE: 20180702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PG&E Corp CENTRAL INDEX KEY: 0001004980 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 943234914 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12609 FILM NUMBER: 18932973 BUSINESS ADDRESS: STREET 1: 77 BEALE STREET STREET 2: P.O. BOX 770000 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 BUSINESS PHONE: 4159731000 MAIL ADDRESS: STREET 1: 77 BEALE STREET STREET 2: P.O. BOX 770000 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 FORMER COMPANY: FORMER CONFORMED NAME: PG&E CORP DATE OF NAME CHANGE: 19961219 FORMER COMPANY: FORMER CONFORMED NAME: PG&E PARENT CO INC DATE OF NAME CHANGE: 19951214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC GAS & ELECTRIC Co CENTRAL INDEX KEY: 0000075488 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 940742640 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02348 FILM NUMBER: 18932972 BUSINESS ADDRESS: STREET 1: 77 BEALE ST STREET 2: P O BOX 770000 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 BUSINESS PHONE: 4159737000 MAIL ADDRESS: STREET 1: 77 BEALE STREET STREET 2: P O BOX 770000 CITY: SAN FRANCISCO STATE: CA ZIP: 94177 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC GAS & ELECTRIC CO DATE OF NAME CHANGE: 19920703 8-K 1 form8k.htm 8-K

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: June 27, 2018
(Date of earliest event reported)

Commission
File Number
 
Exact Name of Registrant
as specified in its charter
 
State or Other Jurisdiction of
Incorporation or Organization
 
IRS Employer
Identification Number
1-12609
 
PG&E CORPORATION
 
California
 
94-3234914
1-2348
 
PACIFIC GAS AND ELECTRIC COMPANY
 
California
 
94-0742640

 
77 Beale Street
P.O. Box 770000
San Francisco, California 94177
 (Address of principal executive offices) (Zip Code)
(415) 973-1000
(Registrant's telephone number, including area code)
 
77 Beale Street
P.O. Box 770000
San Francisco, California 94177
(Address of principal executive offices) (Zip Code)
(415) 973-7000
(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 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:
 
PG&E Corporation
Pacific Gas and Electric 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.
 
PG&E Corporation
Pacific Gas and Electric Company
 


Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(d) Election of New Director
 
On June 27 and June 28, 2018, the Boards of Directors of PG&E Corporation and Pacific Gas and Electric Company (“Utility”) elected Benito (Ben) Minicucci to serve as a director of PG&E Corporation and the Utility, respectively, effective July 1, 2018.  Mr. Minicucci also has been appointed to serve as a member of the Safety and Nuclear Operations Committee of each of PG&E Corporation’s and the Utility’s Board of Directors, effective July 1, 2018.  A copy of the related news release is attached to this report as Exhibit 99.1.
 
Mr. Minicucci will participate in PG&E Corporation and the Utility’s compensation program for non-employee directors (described in PG&E Corporation and the Utility’s joint proxy statement filed with the Securities and Exchange Commission on March 26, 2018).  Pursuant to the program, Mr. Minicucci will be entitled to receive the following compensation: (i) a quarterly Board retainer of $30,000 ($120,000 annually), and (ii) equity awards valued at $140,000, consisting of restricted stock units to be automatically awarded under the PG&E Corporation 2014 Long-Term Incentive Plan each year following the annual election of directors.
 
PG&E Corporation’s and the Utility’s Corporate Governance Guidelines require that at least 75% of each Board be composed of independent directors, as defined in the Corporate Governance Guidelines.  The Boards of PG&E Corporation and the Utility have affirmatively determined that Mr. Minicucci is an independent director.  The composition of each of PG&E Corporation’s and the Utility’s Boards of Directors currently meets the Corporate Governance Guidelines.
 
There are no arrangements or understandings pursuant to which Mr. Minicucci was selected as a director of PG&E Corporation or of the Utility.  Mr. Minicucci does not have any relationship or related transaction with PG&E Corporation or the Utility that would require disclosure pursuant to Item 404(a) of Securities and Exchange Commission Regulation S-K.
 
Item 9.01
Financial Statements and Exhibits.
 
(d)
Exhibits
 
News release dated July 2, 2018
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned thereunto duly authorized.

 
PG&E CORPORATION
     
 
By:
/s/ LINDA Y.H. CHENG
Dated: July 2, 2018
 
LINDA Y.H. CHENG
Vice President, Corporate Governance and
 Corporate Secretary
   
 
PACIFIC GAS AND ELECTRIC COMPANY
     
 
By:
/s/ LINDA Y.H. CHENG
Dated: July 2, 2018
 
LINDA Y.H. CHENG
Vice President, Corporate Governance and
 Corporate Secretary
 
 

EX-99.1 2 ex99_1.htm EXHIBIT 99.1

Exhibit 99.1
 
Investor Relations Contact: 415.972.7080 | Media Inquiries Contact: 415.973.5930 | www.pgecorp.com

July 2, 2018

PG&E CORPORATION BOARD OF DIRECTORS
ELECTS BEN MINICUCCI AS A DIRECTOR

SAN FRANCISCO, Calif. PG&E Corporation (NYSE: PCG) has announced the election of Ben Minicucci, 52, to its Board of Directors and to the Board of Directors of its subsidiary, Pacific Gas and Electric Company, effective July 1, 2018.  Minicucci is President and Chief Operating Officer of Alaska Airlines, Inc. and Chief Executive Officer of Virgin America Inc.  He also is a member of the Management Executive Committee of Alaska Air Group, Inc., the parent company of Alaska Airlines, Virgin America, and Horizon Air Industries, Inc.

"Ben is an excellent fit for our boards given his deep experience in driving a strong safety culture at Alaska Airlines, which has been consistently recognized as one of the world’s safest airlines, while continuing to drive growth and customer satisfaction,” said Dick Kelly, non-executive Chair of the PG&E Corporation Board of Directors.

Minicucci is responsible for all aspects of safety, performance, and customer service for Alaska Airlines’ daily operation of over 800 flights throughout North America. He directs flight operations, maintenance and engineering, inflight and call center services, systems operations control, airport operations, and labor relations.

Minicucci joined Alaska Airlines in 2004 as the staff vice president of maintenance and engineering. He became vice president of Seattle operations in 2007 and was promoted to Executive Vice President, Operations and Chief Operating Officer in 2009. In May 2016, Minicucci became President of Alaska Airlines. With the airline’s acquisition of Virgin America Airlines in December 2016, he was named the CEO of Virgin America and is responsible for the ongoing integration process.

Before joining Alaska Airlines, Minicucci spent seven years at Air Canada in its technical operations division. Prior to that, he served for 14 years in the Canadian Armed Forces, where he held a variety of leadership roles specializing in aircraft maintenance and participated in several key deployments, including the 1991 Persian Gulf War.

He holds bachelor's and master's degrees in mechanical engineering from the Royal Military College of Canada and also completed the Harvard Business School Advanced Management Program for senior executives.

Minicucci will serve on the Safety and Nuclear Oversight Committees of the PG&E Corporation and Pacific Gas and Electric Company Boards of Directors.



About PG&E Corporation

PG&E Corporation (NYSE: PCG) is a Fortune 200 energy-based holding company, headquartered in San Francisco. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit http://www.pgecorp.com.
 
 




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