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
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File No.) |
(IRS Employer Identification No.) |
| |
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| (Address of principal executive offices) | (Zip Code) |
(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 |
Name of each exchange on which registered | ||
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 September 4, 2024, Avangrid Service Company, a wholly owned subsidiary of Avangrid, Inc. (the “Corporation”), entered into a separation agreement and release (the “Separation Agreement”) with Catherine S. Stempien in connection with her previously announced resignation as President and Chief Executive Officer of Avangrid Networks, Inc. The Separation Agreement provides that Ms. Stempien will receive a payment of $1,530,000, subject to customary separation and release provisions.
The foregoing summary of the Separation Agreement is qualified in its entirety by reference to the full text of such agreement, a copy of which will be filed by the Corporation an exhibit to its quarterly report on Form 10-Q for the quarterly period ending September 30, 2024.
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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: September 6, 2024
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Document and Entity Information |
Sep. 04, 2024 |
|---|---|
| Cover [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0001634997 |
| Document Type | 8-K |
| Document Period End Date | Sep. 04, 2024 |
| 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 |
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