UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Section 5 | Corporate Governance and Management |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(c) On December 11, 2023, Eversource Energy (the “Company”) announced that on December 5, 2023, the Board of Trustees of the Company elected Susan Sgroi as Executive Vice President-Human Resources and Information Technology of the Company, effective January 8, 2024. Ms. Sgroi will hold this position until the Board of Trustees elects officers following Eversource Energy’s next annual meeting of shareholders and until each of their successors is elected. Ms. Sgroi will succeed Christine M. Carmody, who is retiring as Executive Vice President-Human Resources and Information Technology, also effective January 8, 2024.
Ms. Carmody, 60, who has served in her position since August 2016, will continue to serve the Company as a Senior Strategic Advisor until July, 2024.
It is anticipated that Ms. Sgroi will be formally elected as Executive Vice President-Human Resources and Information Technology and a director of Eversource Energy Service Company.
Prior to assuming this new position, Ms. Sgroi, age 59, served as Executive Vice President and Chief Human Resources Officer of Blue Cross and Blue Shield of Massachusetts from 2015 until October 31, 2023. Previously, Ms. Sgroi served as Executive Vice President, Human Resources – Asset Management of Fidelity Investments from 2006 until 2015. She is a director of the Everett Bank in Everett, Massachusetts and serves on the Board of Directors of the St. Francis House in Boston, Massachusetts.
Mr. Sgroi’s annual base salary will be $555,000. Ms. Sgroi also will be eligible to participate in the Eversource Energy Deferred Compensation Plan for Executives, the Executive Change-in-Control and Involuntary Termination (Not For Cause) Severance programs and the annual and long-term programs under the 2018 Eversource Energy Incentive Plan. Each of these plans is described in the proxy statement for the Company’s 2023 Annual Meeting of Shareholders filed with the Securities and Exchange Commission on March 24, 2023. In addition, Ms. Sgroi will receive a cash signing bonus of $357,500 to be paid in February 2024.
There is no family relationship between Ms. Sgroi and any Trustee or executive officer of Eversource Energy and there is no arrangement or understanding between her and any other person pursuant to which she will be elected as Executive Vice President-Human Resources and Information Technology of the Company. Ms. Sgroi does not have any transactions with related persons in which the Company is a participant that would require disclosure pursuant to Item 404(a) of Regulation S-K.
A copy of the Company’s news release announcing Ms. Sgroi’s election is attached as Exhibit 99.1 to the Form 8-K and incorporated herein by reference.
| Section 9 | Financial Statements and Exhibits |
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number | Description |
| 99.1 | News release of the Company, dated December 11, 2023. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused the report to be signed on its behalf by the undersigned hereunto duly authorized.
| EVERSOURCE ENERGY | ||
| (Registrant) | ||
| December 11, 2023 | By: | /s/ John M. Moreira |
John M. Moreira Executive Vice President, Chief Financial Officer and Treasurer | ||