Business Context and Reporting Period
This Form 8-K is a current report filed by Entergy Corporation and its subsidiaries (Entergy Arkansas, Inc., Entergy Gulf States, Inc., Entergy Louisiana, Inc., Entergy Mississippi, Inc., Entergy New Orleans, Inc., and System Energy Resources, Inc.) on March 11, 2004. The filing addresses a correction to previously disclosed executive compensation data.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. It is limited to a correction of a typographical error in the Summary Compensation Table regarding Long-Term Incentive Plan (LTIP) payouts for the Chief Executive Officer.
Material Changes
The filing corrects a typographical error found in Entergy's 2003 Form 10-K and the 2004 Proxy Statement. The reported LTIP payouts for J. Wayne Leonard, CEO, contained an extra zero at the end of the figures.
- 2003 Reported (Incorrect): $2,944,5600
- 2003 Corrected: $2,944,560
- 2002 Reported (Incorrect): $2,372,1600
- 2002 Corrected: $2,372,160
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on operations, risks, contingencies, or unusual items beyond the specific disclosure of the compensation data error.
Investor Verification Points
- Verify the corrected LTIP payout figures for CEO J. Wayne Leonard in the 2003 Form 10-K and 2004 Proxy Statement.
- Confirm that the error was a typographical addition of a zero rather than a substantive change in compensation calculation.