Business Context and Reporting Period
Company: CenterPoint Energy, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: October 25, 2007
Reporting Period: Specific event date (October 25, 2007)
Key Financial Metrics
This filing does not contain financial performance data. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not reported in this document.
Material Changes
The filing reports a change in corporate governance:
- Board Expansion: The Board of Directors increased in size from 10 to 11 members.
- New Appointment: Mr. Sherman M. Wolff was appointed as a director effective October 25, 2007.
- Committee Assignments: Mr. Wolff was designated to serve on the Audit, Compensation, and Finance Committees.
Guidance, Outlook, and Management Commentary
Future Actions: Mr. Wolff is expected to stand for election by shareholders at the 2008 annual meeting.
Background: Mr. Wolff previously served as Executive Vice President and Chief Operating Officer of Health Care Service Corporation (retired 2006) and currently serves as a director of Fort Dearborn Life Insurance Company.
Risks and Contingencies: No risks, contingencies, or unusual items are disclosed in this filing.
Investor Verification Checklist
- Verify the official announcement of Mr. Sherman M. Wolff's appointment on the company's investor relations website.
- Confirm the updated composition of the Audit, Compensation, and Finance Committees.
- Review the 2008 proxy statement for details regarding Mr. Wolff's upcoming shareholder election.