Business Context and Reporting Period
This Form 8-K Current Report is filed by Ameren Corporation and Union Electric Company for the period ending December 15, 2004. The filing primarily addresses corporate governance changes, including the election of new principal officers and a new director.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel and governance events rather than financial performance.
Material Changes
The following material changes in corporate leadership were reported:
- Executive Appointment: Thomas R. Voss was elected Executive Vice President and Chief Operating Officer of Ameren Corporation, effective January 1, 2005. Gary L. Rainwater remains the principal executive officer.
- Board Election: Patrick T. Stokes, President and CEO of Anheuser-Busch Companies, Inc., was elected to fill a vacancy on Ameren's Board of Directors.
- Subsidiary Leadership: Charles D. Naslund was elected Senior Vice President and Chief Nuclear Officer of Union Electric Company (UE), effective January 1, 2005, replacing Garry L. Randolph who is retiring.
Outlook, Risks, and Contingencies
Related Party Transactions: The filing notes that certain Ameren public utility subsidiaries (primarily UE and Illinois Power Company) engage in business transactions with Anheuser-Busch, the company of the newly elected director, Patrick T. Stokes. These transactions are described as almost exclusively related to the supply of regulated public utility energy services. The filing states that Mr. Stokes had no reportable business relationship with Ameren in 2003 or 2004 to date under Item 404(a) of Regulation S-K.
Committee Assignments: At the time of filing, the Board had not determined which committee or committees Mr. Stokes would join.
Investor Verification Checklist
- Confirm the effective dates of the new executive appointments (January 1, 2005).
- Verify the specific nature and volume of energy service transactions between Ameren subsidiaries and Anheuser-Busch.
- Monitor future filings for the assignment of Mr. Stokes to specific Board committees.
- Review the retirement timeline for Garry L. Randolph to ensure a smooth transition in nuclear operations leadership.