SEC Filing Summary: American Electric Power Company, Inc.
Business Context and Reporting Period
This Form 8-K was filed on January 27, 2009, by American Electric Power Company, Inc. The report addresses corporate governance changes specifically regarding the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to Item 5.02 (Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers) and contains no financial data.
Material Changes
The primary material change reported is the election of Sara Martinez Tucker to the Board of Directors. Key details include:
- Role: Elected as a director with an initial term continuing until the 2009 annual meeting of shareholders.
- Committee Assignment: Appointed to the Policy Committee.
- Background: Formerly Undersecretary of the U.S. Department of Education and past President and CEO of the Hispanic Scholarship Fund.
- Independence: Determined to be an "independent" director under NYSE and SEC rules.
- Compensation: Will receive standard compensation for non-employee directors as per existing Board policies.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The report confirms there are no undisclosed arrangements or material transactions involving Ms. Tucker.
Investor Verification Checklist
- Verify the independence status of Sara Martinez Tucker against current NYSE listing standards.
- Confirm the specific compensation package for non-employee directors as referenced in prior Board approvals.
- Review the composition of the Policy Committee to understand the impact of the new appointment.
- Check for any subsequent filings regarding the 2009 annual meeting of shareholders.