0001047469-15-007642.txt : 20151001 0001047469-15-007642.hdr.sgml : 20151001 20151001104521 ACCESSION NUMBER: 0001047469-15-007642 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20150928 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: 20151001 DATE AS OF CHANGE: 20151001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OGLETHORPE POWER CORP CENTRAL INDEX KEY: 0000788816 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 581211925 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53908 FILM NUMBER: 151135867 BUSINESS ADDRESS: STREET 1: 2100 EAST EXCHANGE PL STREET 2: P O BOX 1349 CITY: TUCKER STATE: GA ZIP: 30085-1349 BUSINESS PHONE: 4042707600 8-K 1 a2226122z8-k.htm 8-K
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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): September 28, 2015

Oglethorpe Power Corporation
(An Electric Membership Corporation)
(Exact name of Registrant as specified in its charter)

GEORGIA
(State or other jurisdiction
of incorporation)
  000-53908
(Commission
File Number)
  58-1211925
(I.R.S. Employer
Identification No.)

 

2100 East Exchange Place
Tucker, Georgia
(Address of principal executive offices)
  30084-5336
(Zip Code)

Registrant's telephone number, including area code (770) 270-7600

None
(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:

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.

        At the September 28, 2015 meeting of our board of directors, our board appointed Mr. Jimmy G. Bailey to serve as an at-large director. Mr. Bailey's appointment fills the vacancy created when Mr. Benny W. Denham retired from our board of directors in July 2015. Mr. Bailey's current term will extend until our annual meeting of members in March 2016. Mr. Bailey was also appointed to the construction project committee of our board of directors. Mr. Bailey also serves on the board of directors for Diverse Power Incorporated, an Electric Membership Corporation, one of our members.

        Also at the September 28 meeting, our board of directors elected Mr. Bobby C. Smith, Jr. as Chairman of the Board and Mr. Marshall S. Millwood as Vice-Chairman of the Board. Mr. Millwood had been serving as interim Chairman of the Board following Mr. Denham's retirement. Mr. Smith's and Mr. Millwood's current terms as Chairman and Vice-Chairman, respectively, will extend until our board of directors' meeting in March 2016.

        For additional information regarding our board of directors and election procedures, see "DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE" in our annual report on Form 10-K for the fiscal year ended December 31, 2014, filed March 26, 2015.

Item 9.01    Financial Statements and Exhibits

(a)
Not applicable.

(b)
Not applicable.

(c)
Not applicable.

(d)
Exhibits.

Exhibit No.   Description
  99.1   Press Release issued on October 1, 2015


SIGNATURE

        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.

    OGLETHORPE POWER CORPORATION
(AN ELECTRIC MEMBERSHIP
CORPORATION)

Date: October 1, 2015

 

By:

 

/s/ MICHAEL L. SMITH

Michael L. Smith
President and Chief Executive Officer



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SIGNATURE
EX-99.1 2 a2226122zex-99_1.htm EX-99.1

Exhibit 99.1

 

 

 

Contact:

Greg Jones

 

 

Phone Number:

770-270-7890

 

 

E-mail:

greg.jones@opc.com

 

BOBBY C. SMITH, JR. IS ELECTED

OGLETHORPE POWER CHAIRMAN

 

TUCKER, GA (October 1, 2015) — Bobby C. Smith, Jr. of Rocky Ford, Ga., has been elected chairman of the Oglethorpe Power Corporation Board of Directors.  He succeeds former Chairman Benny W. Denham who retired in July 2015.  Marshall S. Millwood of Gainesville, Ga., will continue in his role as vice chairman of the board.   Jimmy G. Bailey of LaGrange, Ga., was named to Denham’s vacant seat on the Oglethorpe Power Board.

 

Smith has been an at-large member of the Oglethorpe Power Board since 2008 and has served on the board’s Construction Project Committee.  He is also a member of the Planters Electric Membership Corporation Board of Directors, the Georgia EMC Services Committee, and is a member representative to Green Power EMC and Smarr EMC.

 

Additionally, Smith is owner-operator of B&K Farms and is a member of the Screven County Development Authority, the Sylvania Lions Club and the Sylvania First United Methodist Church.

 

Oglethorpe Power Corporation • 2100 East Exchange Place • Tucker, GA 30084-5336

Phone 770-270-7600    Fax 770-270-7872

 

 A member of the National Rural Electric Cooperative Association

 



 

Bailey, a member of the Diverse Power Board of Directors, will be an at-large member of the Oglethorpe Power Board and will serve on the Construction Project Committee.

 

“I look forward to working with Bobby, Marshall and Jimmy as we continue to serve the needs of our 38 member cooperatives across Georgia,” said Oglethorpe Power President & CEO Michael L. Smith.

 

Oglethorpe Power is one of the nation’s largest power supply cooperatives with more than $9.5 billion in assets and serves 38 Electric Membership Corporations which, collectively, provide electricity to more than 4.2 million Georgia residents. A proponent of conscientious energy development and use, Oglethorpe balances reliable and affordable energy with environmental responsibility and has an outstanding record of regulatory compliance. Its diverse energy portfolio includes natural gas, hydroelectric, coal and nuclear generating plants with a combined summer planning reserve capacity of approximately 7,800 megawatts, as well as purchased power. Oglethorpe was established in 1974 and is owned by its 38 Member Systems.  It is headquartered in Tucker, Georgia.

 

###

 



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