-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EnnTXqaGyxfMTHx1pjFIMrLLjh4F+1qPubpAfjQ032/X1mzgAowSZGAmTMaaPkJl +IYVmtsvrbhgk9QUq6oXjA== 0000922224-09-000125.txt : 20091201 0000922224-09-000125.hdr.sgml : 20091201 20091201155956 ACCESSION NUMBER: 0000922224-09-000125 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20091201 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: 20091201 DATE AS OF CHANGE: 20091201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PPL CORP CENTRAL INDEX KEY: 0000922224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 232758192 STATE OF INCORPORATION: PA FISCAL YEAR END: 0521 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11459 FILM NUMBER: 091214912 BUSINESS ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 181011179 BUSINESS PHONE: 6107745151 MAIL ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 FORMER COMPANY: FORMER CONFORMED NAME: PP&L RESOURCES INC DATE OF NAME CHANGE: 19941123 8-K 1 form8k.htm FORM 8K form8k.htm
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):  December 1, 2009

Commission File
Number
Registrant; State of Incorporation;
Address and Telephone Number
IRS Employer
Identification No.
     
1-11459
PPL Corporation
(Exact name of Registrant as specified in its charter)
(Pennsylvania)
Two North Ninth Street
Allentown, PA  18101-1179
(610) 774-5151
23-2758192
     

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))


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

On December 1, 2009, the board of directors of PPL Corporation (“PPL” or the “Company”) elected Natica von Althann as a director to serve for a term expiring at the Company’s annual meeting of shareowners in 2011.  As of the date of her election, Ms. von Althann will serve as a member of the Audit Committee and Finance Committee.  The board of directors has determined that Ms. von Althann satisfies the requirements for “independence” as set forth in the Company’s Independence Guidelines and the applicable rules of the New York Stock Exchange and has also designated her to be an audit committee financial expert, as defined by the rules of the Securities and Exchange Commission ("SEC").  As a non-employee director, Ms. von Althann will receive the same compensation paid to other incoming non-employee directors of the Company in accordance with the policies and procedures previously approved by the board of directors for non-employee directors, as disclosed in the Company’s 2009 Proxy Statement.
 
There were no arrangements or understandings pursuant to which Ms. von Althann was elected, nor are there any relationships or related transactions between the Company and Ms. von Althann to be disclosed under applicable SEC rules.

On December 1, 2009, PPL issued a press release announcing Ms. von Althann’s election.  A copy of the press release is furnished as Exhibit 99.1 to this report.
 
Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

 
(d)
 
Exhibits
 
         
     
99.1 -
Press release, dated December 1, 2009, announcing the election of Natica von Althann as a director of PPL Corporation.
 

 
 


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.


 
PPL CORPORATION
       
 
By:
/s/ J. Matt Simmons, Jr.
 
   
J. Matt Simmons, Jr.
Vice President and Controller
 





Dated:  December 1, 2009
EX-99.1 2 form8k-exhibit99_1.htm EXHIBIT 99.1 form8k-exhibit99_1.htm
Exhibit 99.1



Contact:
 
   
   
Two N. Ninth St.
   
Allentown, PA 18101




Natica von Althann, who most recently served as the senior credit risk management executive for U.S. Trust/Bank of America, joins the PPL board effective today. Prior to her role at U.S. Trust, von Althann spent 26 years at Citigroup, where she eventually became managing director in the office of the chief financial officer.
“We are very pleased to welcome Natica von Althann to the already strong PPL board of directors,” said James H. Miller, PPL chairman, president and chief executive officer. “Her extraordinary experience in financing, strategic planning and risk management will bring valuable additional insight to the board.”
A native of Cuba, von Althann immigrated to the United States with the advent of the Castro regime. She earned a bachelor’s degree in political science from Bryn Mawr College and also completed master’s-level work in Iberian and Latin American history at the University of Cologne, Germany.
After joining Citibank in New York in 1976 as part of the company’s management training program, she was named to a vice president position in 1980. Following vice presidential posts in the Leveraged Capital and High Yield Finance groups, she was named managing director of Citibank’s U.S. Telecommunications-Technology group in 1992.
She also served as managing director and global industry head of the retail and apparel group before being named division executive and market region head for Latin America in the private banking group, with responsibility for more than $20 billion in client assets. She served as managing director of the office of the chief financial officer before leaving Citigroup.
In 2003, von Althann joined U.S. Trust as chief credit officer. She served in that role until 2007 when U.S. Trust was acquired by Bank of America, at which time she was appointed as senior credit risk management executive of Bank of America and served in that role until she retired in June 2008.
Currently a resident of New York City, von Althann is a member of the board of directors of TD Bank. She also serves on the board of the YWCA of the City of New York and Neighbors Link of Mount Kisco, New York.
Her appointment brings the total PPL board membership to 11, 10 of whom are independent, outside directors. She will be in the class of directors whose terms expire in 2011.
PPL Corporation, headquartered in Allentown, Pa., owns or controls nearly 12,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to about 4 million customers in Pennsylvania and the United Kingdom.  More information is available at www.pplweb.com.
 
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Note to Editors: Visit our media Web site at www.pplnewsroom.com for additional news and background about PPL Corporation.
 
 
 
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