0000031978-12-000003.txt : 20120201 0000031978-12-000003.hdr.sgml : 20120201 20120131183127 ACCESSION NUMBER: 0000031978-12-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120130 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20120201 DATE AS OF CHANGE: 20120131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EL PASO ELECTRIC CO /TX/ CENTRAL INDEX KEY: 0000031978 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 740607870 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14206 FILM NUMBER: 12560518 BUSINESS ADDRESS: STREET 1: 100 NORTH STANTON CITY: EL PASO STATE: TX ZIP: 79901 BUSINESS PHONE: 9155435711 MAIL ADDRESS: STREET 1: 100 NORTH STANTON CITY: EL PASO STATE: TX ZIP: 79901 8-K 1 a8-k013112.htm 01312012 8-K013112



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):
January 30, 2012
 


El Paso Electric Company
(Exact name of registrant as specified in its charter)

Texas
001-14206
74-0607870
(State or other jurisdiction of
incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
 
 
Stanton Tower, 100 North Stanton, El Paso, Texas
 
79901
(Address of principal executive offices)
 
(Zip Code)

(915) 543-5711
(Registrant’s telephone number, including area code)


N/A
(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 communication 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))





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

On January 30, 2012, David W. Stevens, the Chief Executive Officer of El Paso Electric Company (the “Company”), notified the Board of Directors that he will be resigning from the Company to pursue another job opportunity, and the Board of Directors appointed Mr. Thomas V. Shockley to become the Company's interim Chief Executive Officer. Mr. Shockley, a veteran electric utility executive and a member of the Company's Board of Directors since 2010, will serve as interim CEO while a search is under way to find a successor to Mr. Stevens. The search will consider both internal and external candidates for the position. Mr. Stevens is expected to remain for a transition period until March 2, 2012, but resigned from the Board of Directors on January 30, 2012.

Mr. Shockley, age 66, retired in 2004 after a lengthy career in the regulated utility industry. From 2000 to 2004, he served as the Vice Chairman and Chief Operating Officer of American Electric Power Company, Inc. (AEP), one of the largest electric utilities in the United States. From 1997 to 2000, Mr. Shockley was President and Chief Operating Officer of Central and South West Corporation, which combined with American Electric Power of Columbus, Ohio in 2000 to form AEP. In his career, Mr. Shockley served in various other executive and management positions in the utility and energy industries. He previously served on the Boards of Directors of the Foundation Coal Company and Cellnet. He also serves on the Board of Chase Energy Development. During his service as interim Chief Executive Officer, Mr. Shockley will be paid $50,000 per month.


SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    
                                
 
 
 
 
 
El Paso Electric Company
 
 
By:
 
/S/ Mary E. Kipp
 
 
Mary E. Kipp
 
 
Senior Vice President, General Counsel
and Chief Compliance Officer
 
 
 
Dated: January 31, 2012