Business Context and Reporting Period
Company: BLACK HILLS CORPORATION
Filing Type: Form 8-K (Current Report)
Report Date: March 19, 2007
Event Date: March 15, 2007
Context: This filing reports changes to the Board of Directors, specifically the departure of a director and the appointment of two new directors.
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on corporate governance changes.
Material Changes
- Director Departure: Richard Korpan informed the Governance Committee on March 15, 2007, that he will not seek reelection to the Board for personal reasons at the May 2007 Annual Meeting.
- Director Nomination: On March 16, 2007, the Board named Gary L. Pechota as a nominee for Class I Director to fill the vacancy created by Mr. Korpan's resignation.
- Director Appointment: On March 16, 2007, the Board appointed Warren L. Robinson as a Class II Director, effective April 1, 2007. His term will expire at the 2008 Annual Meeting.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, management commentary on operations, or discussion of risks and contingencies. It notes that there are no reportable transactions under Item 404(a) of Regulation S-K regarding Mr. Robinson's appointment.
Key Facts for Investor Verification
- Verify the biographical details and qualifications of new nominees Gary L. Pechota and Warren L. Robinson.
- Confirm the exact timing of Richard Korpan's departure relative to the May 2007 Annual Meeting.
- Review the attached press release (Exhibit 99) for additional context on the board composition changes.