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): March 30, 2020
Registrant, State or Other Jurisdiction of Incorporation or Organization | ||||
Commission file number | Address of Principal Executive Offices, Zip Code and Telephone Number | I.R.S. Employer Identification No. | ||
(a Texas corporation) | ||||
(a Texas limited liability company) | ||||
(a Delaware corporation) | ||||
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 (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act: | ||
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
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) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).
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. o
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March 30, 2020, Xia Liu, Executive Vice President and Chief Financial Officer of CenterPoint Energy, Inc. (the “Company”), notified the Company of her intent to leave the Company for another career opportunity. Effective April 2, 2020, Ms. Liu will step down as Chief Financial Officer and from her positions with the Company and its affiliated entities. Ms. Liu will remain with the Company in an advisory capacity until May 1, 2020 to assist with the transition to her successor. The resignation was not the result of any disagreement she had with the Company on any matter relating to the Company’s operations, policies and practices, including any matters concerning the Company’s controls or any financial or accounting-related matters or disclosures.
Effective April 2, 2020, the Board of Directors of the Company (the “Board”) appointed Kristie L. Colvin, Senior Vice President and Chief Accounting Officer of the Company, to the position of Interim Executive Vice President and Chief Financial Officer of the Company. Ms. Colvin, 56, has served as Senior Vice President and Chief Accounting Officer of the Company since September 2014. Prior to this position, she served in a number of roles with the Company and its predecessor companies over the last 30 years, including as Division Vice President, Finance Regulated Operations, from July 2010 until September 2014, in addition to other various positions of increasing responsibility. There are no transactions between Ms. Colvin and the Company that are required to be reported under Item 404(a) of Regulation S-K. At this time, changes to Ms. Colvin’s compensation arrangements with the Company in connection with her appointment to the position of Interim Executive Vice President and Chief Financial Officer have not yet been determined. The Company will file an amendment to this Current Report on Form 8-K when such arrangements have been determined.
A copy of the press release announcing the above described management changes is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
EXHIBIT NUMBER | EXHIBIT DESCRIPTION |
99.1 | |
104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |
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.
CENTERPOINT ENERGY, INC. | ||
Date: April 2, 2020 | By: | /s/ Jason M. Ryan |
Jason M. Ryan | ||
Senior Vice President and General Counsel | ||
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.
CENTERPOINT ENERGY HOUSTON ELECTRIC, LLC | ||
Date: April 2, 2020 | By: | /s/ Jason M. Ryan |
Jason M. Ryan | ||
Senior Vice President and General Counsel | ||
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.
CENTERPOINT ENERGY RESOURCES CORP. | ||
Date: April 2, 2020 | By: | /s/ Jason M. Ryan |
Jason M. Ryan | ||
Senior Vice President and General Counsel | ||
Exhibit 99.1 | ||
 | For more information contact | |
Media: | ||
Alicia Dixon | ||
Phone: | 713.825.9107 | |
Investors: | ||
David Mordy | ||
Phone: | 713.207.6500 | |
For Immediate Release |
CenterPoint Energy announces interim CFO transition
Current Senior Vice President and Chief Accounting Officer Kristie L. Colvin appointed interim Executive Vice President and Chief Financial Officer, succeeding Xia Liu
Houston – April 2, 2020 – CenterPoint Energy, Inc. (NYSE: CNP) today announced that it has appointed current Senior Vice President and Chief Accounting Officer Kristie L. Colvin as interim Executive Vice President and Chief Financial Officer to succeed Xia Liu, who will be leaving the company to pursue another career opportunity following a transition period.
An over 30-year veteran of CenterPoint Energy and its predecessor companies, Colvin has served as senior vice president and chief accounting officer since September 2014. In this capacity, she is responsible for the company’s accounting function, internal and external financial reporting, and internal controls.
Prior to her current role, Colvin was responsible for strategic and financial planning, management reporting and performance measurement. Her experience also includes roles in CenterPoint Energy’s Planning, Accounting and Regulatory departments. Colvin received her bachelor’s degree with honors in accounting and finance from Houston Baptist University and is a certified public accountant.
John W. Somerhalder II, CenterPoint Energy’s interim president and chief executive officer, said, “I would like to thank Xia for her contributions and dedication during her time with the company, including helping to deliver strong fiscal 2019 results, working to realign the company’s portfolio to focus on its regulated businesses, and continuing our track record of disciplined cost management. We are pleased that Xia will be staying on for a brief period to ensure a seamless transition. We wish her well in her future endeavors.”
Somerhalder added, “We are confident that Kristie’s deep knowledge of CenterPoint Energy and experience will serve us well in this interim role and contribute to the successful execution of our strategy and our forward momentum.”
The company said it expects to name its permanent Chief Financial Officer following the appointment of its permanent CEO to succeed Somerhalder.
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About CenterPoint Energy, Inc.
Headquartered in Houston, Texas, CenterPoint Energy, Inc. is an energy delivery company with regulated utility businesses in eight states and a competitive energy businesses footprint in nearly 40 states. Through its electric transmission & distribution, power generation and natural gas distribution businesses, the company serves more than 7 million metered customers in Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio, Oklahoma and Texas. CenterPoint Energy's competitive energy businesses include natural gas marketing and energy-related services; energy efficiency, sustainability and infrastructure modernization solutions; and construction and repair services for pipeline systems, primarily natural gas. The company also owns 53.7 percent of the common units representing limited partner interests in Enable Midstream Partners, LP, a publicly traded master limited partnership that owns, operates and develops strategically located natural gas and crude oil infrastructure assets. With approximately 14,000 employees and nearly $35 billion in assets, CenterPoint Energy and its predecessor companies have been in business for more than 150 years. For more information, visit CenterPointEnergy.com.
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