f8k_041009pnmr.htm

0001108426-09-000033.txt : 20090410 0001108426-09-000033.hdr.sgml : 20090410 20090410160716 ACCESSION NUMBER: 0001108426-09-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090410 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: 20090410 DATE AS OF CHANGE: 20090410 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PNM RESOURCES INC CENTRAL INDEX KEY: 0001108426 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 850019030 STATE OF INCORPORATION: NM FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32462 FILM NUMBER: 09745226 BUSINESS ADDRESS: STREET 1: ALVARADO SQUARE STREET 2: NEW MEXICO CITY: ALBUQUERQUE STATE: NM ZIP: 87158 BUSINESS PHONE: 5052412700 MAIL ADDRESS: STREET 1: ALVARADO SQUARE CITY: ALBUQUERQUE STATE: NM ZIP: 87158 FORMER COMPANY: FORMER CONFORMED NAME: MANZANO CORP DATE OF NAME CHANGE: 20000303 8-K 1 f8k_041009pnmr.htm FORM 8-K f8k_041009pnmr.htm

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)	April 10, 2009
	(April 6, 2009)

Commission	Name of Registrant, State of Incorporation,	I.R.S. Employer
File Number	Address and Telephone Number	Identification No.

001-32462	PNM Resources, Inc.	85-0468296
	(A New Mexico Corporation)
	Alvarado Square
	Albuquerque, New Mexico 87158
	(505) 241-2700






______________________________

(Former name, former address and former fiscal year, if changed since last report)

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)

o Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c)

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

Woody L. Hunt, a member of the PNM Resources, Inc. (“PNMR”) Board, notified PNMR on April 6, 2009 that, for personal reasons, he would not stand for re-election at the Annual Meeting of Shareholders on May 19, 2009 and that he would complete his current term which will expire on May 19, 2009. His action did not reflect any disagreement with PNMR on any matter relating to PNMR’s operations, policies or practices.

In a letter dated April 6, 2009, Mr. Hunt stated that he would not stand for re-election due to the needs and priorities of his extended family, and that it had become necessary to modify his involvement in boards, other organizations, and community activities. He stated that he had no concerns, disagreements, or issues relative to management, PNMR, or PNMR’s financial statements. He also indicated that there were no issues or disagreements with any members of the Board. Mr. Hunt’s letter is filed herewith as Exhibit 99.1.

Mr. Robert M. Price has been elected to replace Mr. Hunt as Chair of the Finance Committee effective May 19, 2009. Mr. Price has previously served as Chair of the Finance Committee and currently also serves on the Audit and Ethics Committee.

Item 9.01 Financial Statements and Exhibits

Exhibit Number Exhibit

99.1	Letter dated April 6, 2009, from Woody L. Hunt.

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 thereunto duly authorized.

	PNM RESOURCES, INC.
	(Registrant)


Date: April 10, 2009	/s/ Thomas G. Sategna
	Thomas G. Sategna
	Vice President and Corporate Controller
	(Officer duly authorized to sign this report)

EX-99.1 2 exh99-1_041009.htm EXHIBIT 99.1 exh99-1_041009.htm Exhibit 99.1

April 6, 2009

Jeff Sterba

Chairman and Chief Executive Officer

PNM Resources, Inc.

Alvarado Square – MS 2824

Albuquerque, NM 87158

Dear Jeff:

I have been evaluating the needs and priorities of my family at this particular time and have concluded that it is necessary to modify my involvement in boards, other organizations and community activities. I regret that it is necessary for me to notify you that I cannot stand for re-election to the PNM Resources, Inc. Board of Directors at the Annual Shareholders Meeting on May 19, 2009. I do intend to complete my current term which will expire on May 19.

Please be assured that my resignation is entirely based on personal and family needs, and that there are no concerns, disagreements, or issues relative to: 1) Management; 2) the Company; 3) the Company’s operations, policies or practices, or 4) the Company’s financial statements. Be assured also that there are no issues or disagreements with any members of the Board. To the contrary, I am encouraged by the direction the Company is taking and the progress that has made over the last several months. I believe that these recent improvements will lead to restoring the Company to strong financial health.

I have appreciated the opportunity to serve as Finance Committee Chair and as a member of the Audit and Ethics Committee. It has been fulfilling to be involved in the critical work of these Committees on behalf of the Company.

The Board is comprised of talented and dedicated individuals, and I have been privileged to serve with them. I have also appreciated the opportunity to work with you and your senior team.

You will continue to have my support and best wishes for the Company’s continued success.

Respectfully submitted,

/s/ Woody L. Hunt

Woody L. Hunt