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 (Date of earliest event reported): February 2, 2021

Avangrid, Inc.

(Exact name of registrant as specified in its charter)

New York	001-37660	14-1798693
(State or other jurisdiction of incorporation)	(Commission File No.)	(IRS Employer Identification No.)

180 Marsh Hill Road Orange, Connecticut	06477
(Address of principal executive offices)	(Zip Code)

(207) 629-1190

(Registrant’s telephone number, including area code)

NOT APPLICABLE

(Former name or former address, 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:

☐ 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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	AGR	New York Stock Exchange

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 February 2, 2021, Anthony Marone III, President, Chief Executive Officer and Director of Avangrid Networks, Inc., a wholly-owned subsidiary of Avangrid, Inc. (the “Corporation”), notified the Corporation of his intention to retire effective May 2, 2021. On February 4, 2021, the Corporation announced that Catherine S. Stempien will succeed Mr. Marone as President, Chief Executive Officer and Director of Networks, effective March 15, 2021. A copy of the Corporation’s press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press Release dated February 4, 2021.
104	Cover page Interactive Data File (embedded within the Inline XBRL document)

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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.

AVANGRID, INC.
By:	/s/ R. Scott Mahoney
Name:	R. Scott Mahoney
Title:	Senior Vice President – General Counsel and Corporate Secretary

Dated: February 4, 2021

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EX-99.1

Exhibit 99.1

            Contact:

            Athena Hernandez

            athena.hernandez@avangrid.com

            Tel: 203-571-2146

AVANGRID APPOINTS CATHERINE S. STEMPIEN PRESIDENT & CEO OF AVANGRID NETWORKS

Stempien will oversee operations of AVANGRID’s eight electric and gas companies

ORANGE, Conn. – Feb. 4, 2021 – AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company announced today the appointment of Catherine S. Stempien to the role of President & CEO of its subsidiary, Avangrid Networks. Stempien succeeds Anthony (Tony) Marone, who is retiring.

“We appreciate all of Tony’s contributions to the AVANGRID family of companies over the last 33 years and wish him and his family all the best in the future,” said Dennis V. Arriola, CEO of AVANGRID.

Stempien will lead AVANGRID’s largest business unit, serving 3.3 million customers with electric and gas service through eight companies in Maine, Connecticut, New York and Massachusetts.

“Catherine is a leader focused on delivering great outcomes for customers, employees, communities, and shareholders and we’re excited about the new ideas she will bring to AVANGRID,” said Arriola. “Her experience and leadership will help guide our Networks organization as we build the grid of the future and achieve our goal of becoming the leading sustainable energy company in the United States.”

“I’m thrilled to join AVANGRID as we write the next chapter of serving our customers and our communities with clean energy solutions that meet increasing demand and fuel our local and regional economies,” said Stempien.

Stempien joins AVANGRID from Duke Energy where she is currently the President of Duke Energy Florida, an electric utility serving more than 1.8 million customers. Previously, she held a variety of roles at Duke including Senior Vice President of Corporate Development and various leadership positions in the company’s legal department. Prior to joining Duke in 2003, Stempien had a successful career as an in-house attorney at AT&T. Stempien, a native of Connecticut, holds a Juris Doctor degree from Boston University School of Law and a Bachelor of Arts degree in Government from Dartmouth College. She also completed the Advanced Management Program at Harvard Business School.

Stempien has served on various boards including the Florida Chamber of Commerce, the Florida Council of 100, Enterprise Florida, YWCA of Central Carolinas, and a variety of educational institutions.

Stempien’s appointment is effective March 15. She will relocate to Connecticut and report to Arriola.

# # #

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $36 billion in assets and operations in 24 U.S. states. With headquarters in Orange, Connecticut, AVANGRID has two primary lines of business: Avangrid

Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 6,600 people. AVANGRID supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2019 and 2020 by the Ethisphere Institute. For more information, visit www.avangrid.com.

XML

Document and Entity Information	Feb. 02, 2021
Cover [Abstract]
Amendment Flag	false
Entity Central Index Key	0001634997
Document Type	8-K
Document Period End Date	Feb. 02, 2021
Entity Registrant Name	Avangrid, Inc.
Entity Incorporation State Country Code	NY
Entity File Number	001-37660
Entity Tax Identification Number	14-1798693
Entity Address, Address Line One	180 Marsh Hill Road
Entity Address, City or Town	Orange
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06477
City Area Code	(207)
Local Phone Number	629-1190
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Security 12b Title	Common Stock
Trading Symbol	AGR
Security Exchange Name	NYSE
Entity Emerging Growth Company	false