Business Context and Reporting Period
This Form 8-K Current Report was filed on February 3, 2012, by Pinnacle West Capital Corporation and its subsidiary, Arizona Public Service Company. The report addresses a corporate governance event rather than financial performance.
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 a disclosure regarding board composition.
Material Changes
On February 3, 2012, W. Douglas Parker resigned from the Board of Directors of both Pinnacle West Capital Corporation and Arizona Public Service Company. Mr. Parker cited other demands on his time as the reason for his departure. He had served as a board member since 2007.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the specific event of the director's resignation.
Investor Verification Checklist
- Confirm the effective date of W. Douglas Parker's resignation (February 3, 2012).
- Verify the tenure of the departing director (served since 2007).
- Check for subsequent filings regarding the appointment of a replacement director.