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:
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
Exhibit No. | Description | ||
---|---|---|---|
99.1 | Press Release issued on October 1, 2015 |
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 |
Exhibit 99.1
Contact: |
Greg Jones |
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Phone Number: |
770-270-7890 |
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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 Denhams 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 boards 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 nations 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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