Business Context and Reporting Period
This Form 8-K is a current report filed by Ameren Corporation on August 13, 2021. The filing addresses Item 5.02 regarding the appointment of certain officers and changes to compensatory arrangements.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive personnel changes and associated compensation adjustments.
Material Changes
- Appointment: Theresa A. Shaw was elected Senior Vice President, Finance and Chief Accounting Officer, and principal accounting officer, effective August 16, 2021.
- Departure from Role: Bruce A. Steinke ceased performing duties as principal accounting officer effective August 16, 2021. He will transition to a new role as Senior Vice President and Chief Transformation Officer at Ameren Services.
- Compensation Adjustments for Ms. Shaw:
- Base salary increased from $315,200 to $350,000.
- Short-term incentive plan (STIP) target award increased from 45% to 55% of base salary.
- Long-term incentive program (LTIP) target award increased from 65% to 90% of base salary.
- Effective October 1, 2021, Ms. Shaw will receive an LTIP award of 373 target performance share units and 161 restricted stock units.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, or discussion of risks and contingencies. It notes that Ms. Shaw's election was not pursuant to any agreement or understanding and that there are no reportable transactions under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the effective date of the leadership transition (August 16, 2021).
- Confirm the specific equity grant details (373 performance share units and 161 restricted stock units) scheduled for October 1, 2021.
- Review the definitive proxy statement filed on March 23, 2021, for full details on the STIP and LTIP structures referenced in this filing.
- Monitor future filings for the impact of the new Chief Accounting Officer on financial reporting processes.