0000936340-13-000145.txt : 20131105 0000936340-13-000145.hdr.sgml : 20131105 20131105081053 ACCESSION NUMBER: 0000936340-13-000145 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131104 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: 20131105 DATE AS OF CHANGE: 20131105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DTE ENERGY CO CENTRAL INDEX KEY: 0000936340 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 383217752 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11607 FILM NUMBER: 131190912 BUSINESS ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: DETROIT STATE: MI ZIP: 48226 BUSINESS PHONE: 3132354000 MAIL ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: DETROIT STATE: MI ZIP: 48226 FORMER COMPANY: FORMER CONFORMED NAME: DTE HOLDINGS INC DATE OF NAME CHANGE: 19950127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DTE Electric Co CENTRAL INDEX KEY: 0000028385 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 380478650 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02198 FILM NUMBER: 131190913 BUSINESS ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: DETROIT STATE: MI ZIP: 48226 BUSINESS PHONE: 313-235-6341 MAIL ADDRESS: STREET 1: ONE ENERGY PLAZA CITY: DETROIT STATE: MI ZIP: 48226 FORMER COMPANY: FORMER CONFORMED NAME: DETROIT EDISON CO DATE OF NAME CHANGE: 19920703 8-K 1 a8-kexecutivechanges1113.htm 8-K 8-K executive changes 11/13


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): November 4, 2013



Commission
File Number
Exact Name of Registrant as Specified in its Charter, State of Incorporation, Address of Principal Executive Offices and Telephone Number

IRS Employer
Identification No.
1-11607
DTE Energy Company
(a Michigan corporation)
One Energy Plaza
Detroit, Michigan 48226-1279
313-235-4000
38-3217752
1-2198

DTE Electric Company
(a Michigan corporation)
One Energy Plaza
Detroit, Michigan 48226-1279
313-235-4000
38-0478650


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

On November 4, 2013, the Board of Directors of DTE Energy Company (the “Company”) approved the following management changes which are to take effect on December 30, 2013. David E. Meador, currently the Executive Vice President and Chief Financial Officer, is appointed Vice Chairman and Chief Administrative Officer. Peter B. Oleksiak, currently Senior Vice President-Finance, is appointed Senior Vice President and Chief Financial Officer. Steven E. Kurmas, currently Group President of the Company and President and Chief Operating Officer of DTE Electric Company (“DTE Electric”), is appointed President and Chief Operating Officer of the Company. Gerardo Norcia, currently Group President of the Company and President and Chief Operating Officer of DTE Gas Company, is appointed President and Chief Operating Officer-DTE Electric and remains a Group President of the Company. In connection with Mr. Kurmas’ appointment as President and Chief Operating Officer, the Company’s current Chairman, President and Chief Executive Officer, Gerard M. Anderson’s title shall be Chairman and Chief Executive Officer.

The current compensation arrangements with each of the officers will remain in place for the immediate future but will be evaluated by the Company’s Organization and Compensation Committee beginning in December 2013 in connection with an acceleration of the Company’s annual review of executive compensation. A press release announcing the changes is attached hereto as exhibit 99.1 and is incorporated herein by reference.
Item 9.01.    Financial Statements and Exhibits.
(d) Exhibits
99.1
Press Release of DTE Energy Company dated November 5, 2013.

Forward-Looking Statements:

This Form 8-K contains forward-looking statements that are subject to various assumptions, risks and uncertainties. It should be read in conjunction with the “Forward-Looking Statements” section in DTE Energy's and DTE Electric 2012 Forms 10-K and 2013 Forms 10-Q (which sections are incorporated by reference herein), and in conjunction with other SEC reports filed by DTE Energy and DTE Electric that discuss important factors that could cause DTE Energy's and DTE Electric's actual results to differ materially. DTE Energy and DTE Electric expressly disclaim any current intention to update any forward-looking statements contained in this report as a result of new information or future events or developments.






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.


Date: November 5, 2013            
DTE ENERGY COMPANY
(Registrant)
 
 
/s/LISA A. MUSCHONG                        
Lisa A. Muschong
Corporate Secretary


DTE ELECTRIC COMPANY
(Registrant)
 
 
/s/LISA A. MUSCHONG                        
Lisa A. Muschong
Corporate Secretary






EXHIBIT INDEX
Exhibit
Number
Description
 
 
99.1
Press Release of DTE Energy Company dated November 5, 2013.



EX-99.1 2 exh991leadershipchanges_fi.htm EXHIBIT 99.1 Exh991LeadershipChanges_FINAL_110513 (1)

Exhibit 99.1

November 5, 2013

DTE Energy Chairman, President and CEO Gerry Anderson announces senior leadership changes
Announcement will strengthen DTE’s executive team for the future

DETROIT – DTE Energy (NYSE: DTE) Chairman, President and CEO Gerry Anderson announced several senior executive changes aimed at continuing to improve the company’s current operations and at developing its future leadership.

The changes include naming Steve Kurmas, DTE Energy President and Chief Operating Officer; Jerry Norcia, President and Chief Operating Officer of DTE Electric and Gas & Storage Pipelines; Dave Meador, DTE Energy Vice Chairman & Chief Administrative Officer; Peter Oleksiak, DTE Energy Senior Vice President and Chief Financial Officer; and Mark Stiers, President and Chief Operating Officer of DTE Gas.

The executive changes will be effective on December 30, 2013. Anderson, 55, will remain Chairman and CEO of DTE Energy.

“DTE Energy has made great progress on many fronts in recent years,” said Anderson. “Today, I am pleased to announce a series of executive changes that will continue this work and position our company for continued success in the future.”

   
In his new role, Kurmas, 57, will be responsible for the strategic oversight and operation of DTE Energy’s utility businesses, including DTE Electric, DTE Gas, Nuclear Generation, Major Enterprise Projects, and Environmental Management and Resources. He will continue to report to Anderson.

Norcia, 50, will have direct responsibility for the company’s largest business unit, DTE Electric, as well as the rapidly growing Gas Storage and Pipeline business.

Stiers, 51, will be responsible for leading the company’s natural gas utility including the gas utility's supply and control functions. Both Norcia and Stiers will report to Kurmas.

Meador, 56, will be responsible for oversight of the finance, information technology, corporate services and corporate affairs organizations for DTE Energy. He will continue to report to Anderson.

Oleksiak, 47, will be responsible for the company’s financial function and will continue to report to Meador.

Under Anderson's leadership, DTE Energy has invested in electric and gas system reliability, renewable energy, and environmental quality; improved customer satisfaction; and developed a supply chain business model that has increased investment in Michigan and been a catalyst for job creation.

“DTE Energy’s leadership team is as strong as any in the industry and has shown its ability to significantly improve our operations, customers service and financial performance over time,” Anderson said. “The changes being announced are part of our process to maintain a strong and talented leadership team, and prepare for the future. I firmly believe that the individuals who are moving into new roles are well-prepared to make great contributions.”




DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include DTE Electric, an electric utility serving 2.1 million customers in Southeastern Michigan, DTE Gas, a natural gas utility serving 1.2 million customers in Michigan and other non-utility, energy businesses focused on gas storage and pipelines, power and industrial projects, and energy trading. Information about DTE Energy is available at dteenergy.com, twitter.com/dte_energy and facebook.com/dteenergy.
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