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):

October 21, 2020

____________________

Commission File Number	Registrant; State of Incorporation; Address; and Telephone Number	IRS Employer Identification No.
001-09057	WEC ENERGY GROUP, INC.	39-1391525

(A Wisconsin Corporation)

231 West Michigan Street

P.O. Box 1331

Milwaukee, WI 53201

(414) 221-2345

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, $.01 Par Value	WEC	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. ☐

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ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

In recognition of his strong, continued leadership and to ensure the ongoing mentoring of the next generation of leadership of WEC Energy Group, Inc. (the “Company”), the Company’s Board of Directors has determined that Gale E. Klappa, Executive Chairman of the Company, should continue to serve as Executive Chairman until May 2024. On October 21, 2020, Mr. Klappa entered into a written agreement with the Company highlighting, among other things, that his compensation will be determined in the same manner and subject to the same timing as the Board’s Compensation Committee utilizes for all other named executive officers of the Company. The agreement, which was approved by the Compensation Committee, also provides that Mr. Klappa’s employment is at-will.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

10.1	Letter Agreement between Gale E. Klappa and WEC Energy Group, Inc., dated October 21, 2020.
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.
	WEC ENERGY GROUP, INC.
	(Registrant)
	/s/ William J. Guc
Date: October 22, 2020	William J. Guc, Vice President and Controller

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EX-10.1

Exhibit 10.1

[WEC Energy Group Letterhead]

October 21, 2020

Mr. Gale Klappa

[ADDRESS]

[ADDRESS]

Dear Gale:

This letter confirms that you and the Board have agreed that you will continue to serve as Executive Chairman of WEC Energy Group until May 2024. Your compensation for this role will be determined in the same manner and subject to the same timing as the Compensation Committee utilizes for all other Named Executive Officers of the Company.

You will be eligible to participate in all other benefits available to other senior executives of the company. All benefits that are defined in plan documents are subject to all of the terms in those documents, which supersede any other description(s). Management reserves the right in its discretion to change or terminate all current benefit plans or practices and other policies and procedures, and your employment would be considered at-will.

Lastly, I would be remiss not to mention that your continuing service as a member of the Board will, of course, remain subject to annual Board nomination and shareholder approval.

Gale, your significant industry knowledge and long history in senior strategic roles with WEC will help ensure the Company’s future success. We look forward to your continued leadership.

Sincerely,

/s/ Ulice Payne, Jr.

Ulice Payne, Jr.

Chair, WEC Energy Group Compensation Committee

Acknowledged and Accepted:

/s/ Gale E. Klappa    10/21/20    

Gale E. Klappa                            Date

XML

Cover Page	Oct. 21, 2020
Cover [Abstract]
Document Type	8-K
Document Period End Date	Oct. 21, 2020
Entity File Number	001-09057
Entity Registrant Name	WEC ENERGY GROUP, INC.
Entity Tax Identification Number	39-1391525
Entity Incorporation, State or Country Code	WI
Entity Address, Address Line One	231 West Michigan Street
Entity Address, Address Line Two	P.O. Box 1331
Entity Address, City or Town	Milwaukee
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53201
City Area Code	414
Local Phone Number	221-2345
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $.01 Par Value
Trading Symbol	WEC
Security Exchange Name	NYSE
Entity Emerging Growth Company	false
Entity Central Index Key	0000783325
Amendment Flag	false