UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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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 September 8, 2020, the employment of Charles F. Meintjes, the Executive Vice President and Chief Operating Officer of Peabody Energy Corporation (the “Company”), was terminated, effective as of September 18, 2020, when Mr. Meintjes will leave the Company to pursue other interests.
“Charles joined Peabody in 2007 and has been a valued contributor for many years. I’d personally like to thank Charles for these contributions and wish him well in future endeavors,” said Peabody President and CEO Glenn Kellow.
Mr. Meintjes’ separation from the Company constitutes a termination “without cause” as defined under that certain participation agreement, dated as of February 22, 2019, as amended, between the Company and Mr. Meintjes under the Peabody Energy Corporation 2019 Executive Severance Plan (the “Severance Plan”). In lieu of the 90-day notice period required to terminate Mr. Meintjes’ employment under the Severance Plan, the Company will pay Mr. Meintjes a lump sum in lieu of notice in the amount of $133,700. Mr. Meintjes’ termination did not result from a disagreement with the Company on any matter relating to the Company’s operations, policies or practices, including its controls or financial related matters.
SIGNATURES
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.
PEABODY ENERGY CORPORATION | ||||||
September 14, 2020 | By: | /s/ Scott T. Jarboe | ||||
Name: | Scott T. Jarboe | |||||
Title: | Chief Legal Officer |