Business Context and Reporting Period
Company: CenterPoint Energy, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 27, 2006
Reporting Period: Specific event date of July 27, 2006.
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 a specific executive compensation adjustment.
Material Changes
The Board of Directors approved a material definitive agreement regarding executive compensation:
- Executive: Byron R. Kelley, Senior Vice President and Group President, Pipelines and Field Services.
- Action: Salary increase approved.
- New Annual Salary: $360,000.
- Effective Date: August 1, 2006.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the compensation change noted above.
Investor Verification Points
- Confirm the effective date of the salary increase (August 1, 2006).
- Verify the new annual compensation amount for Byron R. Kelley ($360,000).
- Review the Board of Directors' approval date (July 27, 2006).